Cheap Apartments for Rent in the Park Fletcher Neighborhood of Indianapolis, IN from $700 (8 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Park Fletcher area of Indianapolis.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Park Fletcher - One of the Best Affordable Neighborhoods in Indianapolis

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

Park Fletcher, Indianapolis, IN Local Guide

Cheapest Available Park Fletcher Apartments for Rent

 

The cheapest available apartment rental in the Park Fletcher area of Indianapolis, IN is a Studio unit found at The Boardwalk at Westlake Apartments and Townhomes priced from $745. Pinnacle West has the second lowest priced unit, which is a Studio apartment currently listed from $759. Here are the most affordable Park Fletcher apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Boardwalk at Westlake Apartments and TownhomesStudio - 441 sqftStudio,1BA$745
Pinnacle WestStudioStudio,1BA$759
Hills Apartments1 Bedroom 1 Bath Apartment1BR,1BA$883

Best Value Apartments for Rent in Park Fletcher, IN

As of April 21, 2025 the best value apartment in the Park Fletcher area is the $1.29 price per square foot Three Bedroom Model at Plaza at Central Greens, LP in the in the Westside Indianapolis neighborhood starting from $1,492. The second greatest value Park Fletcher apartment is the Three Bedroom Townhome Model at Ashton Pointe starting at $1,637 with a $1.47 price per square foot in the West Wayne neighborhood. Here is today’s list of the best values for Park Fletcher apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Plaza at Central Greens, LPThree Bedroom3BR,2BA$1.29
Ashton PointeThree Bedroom Townhome3BR,1.5BA$1.47
The OasisThe Goen1BR,1BA$1.45
The Park at Greenhill2 Bedroom 1 Bath, 715 sf - Creek Side2BR,1BA$1.59
Hills Apartments1 Bedroom 1 Bath Apartment1BR,1BA$1.41
Mann Village Apartments1 Bedroom Apartment.1BR,1BA$1.85
The Boardwalk at Westlake Apartments and TownhomesOne Bedroom - 602 sqft1BR,1BA$1.96
Pinnacle WestStudioStudio ,1BA$1.38
Aspen Pointe ApartmentsHickoryStudio ,1BA$1.83
Furnished Studio-Indianapolis - AirportFurnished Studio-Indianapolis - AirportStudio ,1BA$5.17

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Pet Friendly Lifestyle
Park Fletcher, Indianapolis, IN

Ranked #189

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Park Fletcher Neighborhood in Indianapolis, IN

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

32 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

13 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap Park Fletcher Apartments

What is a cheap apartment in Park Fletcher?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Fletcher is under $1,492.

What is the price of a cheap apartment in Park Fletcher?

The cheapest apartment in Park Fletcher is The Boardwalk at Westlake Apartments and Townhomes which is listed at $835, while the average apartment in Park Fletcher costs $1,724.

What types of apartments are the cheapest in Park Fletcher?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in Park Fletcher that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Park Fletcher?

Cheap apartments in Park Fletcher have an average cost of $288 which is $1,436 cheaper than the average rent for all rentals in Park Fletcher.

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.

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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.

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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.