
Cheap Homes for Rent in Fletcher Place Neighborhood of Indianapolis, IN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Fletcher Place area of Indianapolis.


1413 E Washington St

1048 High St

1329 E Market St

336 Prospect St

330 N Randolph St

340 Prospect St

1632 Orange St

303 N State Ave

1041 High St
Fletcher Place
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

1437 S Alabama St
Fletcher Place, Indianapolis, IN Local Guide

How much does it cost to rent a home in Fletcher Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fletcher Place 2 Bedroom Homes for Rent | $2,002 | $999 | $2,650 |
Fletcher Place 3 Bedroom Homes for Rent | $2,359 | $1,195 | $6,200 |
Fletcher Place 4 Bedroom Homes for Rent | $3,087 | $2,600 | $3,650 |
Fletcher Place 5 Bedroom Homes for Rent | $2,499 | $2,499 | $2,499 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the Fletcher Place Neighborhood of Indianapolis, IN.
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Fletcher Place, Indianapolis, IN Local Guide
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Cheapest Available Fletcher Place Apartments for Rent
 The cheapest available apartment rental in the Fletcher Place area of Indianapolis, IN is a 1 Bed unit found at Devonshire Apartments in Downtown Indianapolis priced from $840. Artistry Indy has the second lowest priced unit, which is a Studio apartment currently listed from $878. Here are the most affordable Fletcher Place apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Devonshire Apartments in Downtown Indianapolis | 1BR/1.0BA | 1BR,1BA | $840 |
Artistry Indy | Edie (EcoSuite) | Studio,1BA | $878 |
Line Lofts | The Inspiration 60% HOME | 2BR,1BA | $962 |
Five Twenty Virginia | D | Studio,1BA | $1,065 |
The Assembly | Cylinder - Workforce | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Fletcher Place, IN
As of April 08, 2025 the best value apartment in the Fletcher Place area is the $1.14 price per square foot 352 N Arsenal Ave Model at 352 N Arsenal Ave in the in the Riley neighborhood starting from $2,050. The second greatest value Fletcher Place apartment is the 3 Bedroom 2 Bath Model at The Block starting at $2,199 with a $1.24 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Fletcher Place apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
352 N Arsenal Ave | 352 N Arsenal Ave | 3BR,1.5BA | $1.14 |
The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.24 |
The Pointe on Mass | Renovated Park Avenue | 2BR,2BA | $1.63 |
Indy Colonial Apartments | Two Bedroom | 2BR,1BA | $1.36 |
Penn Street Tower Apartments | Senate | 2BR,1BA | $1.37 |
405 Sanders St, Unit A | 405 Sanders St | 2BR,1BA | $1.40 |
Line Lofts | The Inspiration 60% | 2BR,1BA | $1.42 |
Lockerbie Flats | 1 Bedroom | 1BR,2BA | $1.48 |
The E'Laan | The Vonnegut II | 1BR,1BA | $1.60 |
333 Penn Apartments | Talbott | 2BR,1BA | $1.84 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Fletcher Place
What type of rentals are currently available in Fletcher Place?
There are currently 121 Apartments for Rent in Fletcher Place, IN with pricing that ranges from $830 to $15,070. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fletcher Place ranging from $695 to $6,200.
What is the current price range for Rental Homes in Fletcher Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fletcher Place ranges from $695 to $6,200 with an average monthly rent of $2,019.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.