Zumper
modified
Updated 23 Hours Ago

Highlights

  • Open concept
  • Spacious living room and kitchen
  • Plenty of storage space

Location

550 Fletcher Ave, Indianapolis, IN 46203, USA|Downtown Indianapolis
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Contact

Management

Granite Management - Indianapolis

Leasing office

(317) 533-5885

Property Overview

550 Fletcher Ave offers open-concept living with a spacious living room and kitchen, plus plenty of storage space. It scores 8.5 out of 10 overall from Zumper, with especially strong marks for price and location, and it is noted for value, convenience, and a well-rounded living experience. It is also highlighted for social life and fitness/wellness, thanks to nearby restaurants, cultural spots, parks, sports facilities, and abundant natural light.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.3
Very Good
550 Fletcher Ave is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Price, but it offers a satisfying, above-average quality of life.

Great for

  • Social life
  • Wellness

Floor plans

2BR/1.5BA2 bed1.5 bath$1,024 /mo1 unit availableExperience Indianapolis living at 550 Fletcher Ave. Located at 550 Fletcher Ave in Indianapolis, this community is an ideal place to live. Spacious living room and kitchen with an open concept. Bedrooms and full bath have tons of natural light and plenty of storage space. Come by to check out the apartment floorplan and see this beautiful home. Isn't it time you started to love where you lived? 360 Tour: https view ricoh360 com 8e9ebda0-212a-405f-9b30-ce24e020d851 *Conditions Apply*

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units10
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About 550 Fletcher Ave

HomeApartments in IndianapolisDowntown Indianapolis 550 Fletcher Ave

Experience Indianapolis living at 550 Fletcher Ave. Located at 550 Fletcher Ave in Indianapolis, this community is an ideal place to live. Spacious living room and kitchen with an open concept. Bedrooms and full bath have tons of natural light and plenty of storage space. Come by to check out the apartment floorplan and see this beautiful home. Isn't it time you started to love where you lived? 360 Tour: https view ricoh360 com 8e9ebda0-212a-405f-9b30-ce24e020d851 *Conditions Apply*


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.3
/10
Very Good
550 Fletcher Ave is worth considering and a notable rental in the neighborhood. Residents prioritizing Location will find this property to be a solid option for their next home. It may not stand out for Price, but it offers a satisfying, above-average quality of life.
How we rated 550 Fletcher Ave
Price·6A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
550 Fletcher Ave is priced lower than the median price per bedroom for the area. While it may be more affordable, there may also be trade-offs in terms of amenities or quality compared to similar listings nearby. It caters to those seeking cost savings, albeit with some compromises.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 550 Fletcher Ave is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
550 Fletcher Ave is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·7A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust 550 Fletcher Ave to provide reasonable accomodations and accurate details about its community.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
550 Fletcher Ave provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Reviews from the web

Showing 4 highest rated

Nice neighbors

Dyann Davis

Dyann Davis

Apr 15, 2017

Nice apartments I have two vacant there

Jerry Hewitt (Hilljack)

Jerry Hewitt (Hilljack)

Mar 12, 2021

We’re sharing just 4 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.

550 Fletcher Ave is great for:

Social life

  • 404 restaurants within 1 mile of this property
  • 73 local event hubs within 1 mile
  • 383 mixed-use spaces nearby
  • 144 museums, art galleries, or cultural centers within 1 mile

Wellness

  • Ample windows and natural lighting
  • 25 sports facilities (like tennis courts) nearby
  • There are 21 grocery stores within 1 mile
  • 73 parks nearby

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 550 Fletcher Ave compares to other nearby properties.

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Downtown Indianapolis

2-bedroom apartments at 550 Fletcher Ave cost about 55% less than the average rent price for 2-bedroom apartments in Downtown Indianapolis.

Median rents as of Sep 12 2026.
Downtown Indianapolis
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
September 2024$1,103
October 2024$1,131
November 2024$1,126
December 2024$1,105
January 2025$1,194
February 2025$1,191
March 2025$1,151
April 2025$1,121
May 2025$1,139
June 2025$1,158
July 2025$1,185
August 2025$1,178
September 2025$1,065
October 2025$1,063
November 2025$1,048
December 2025$1,029
January 2026$1,039
February 2026$1,034
March 2026$1,004
April 2026$955
May 2026$951
June 2026$892
July 2026$871
August 2026$888
September 2026$936
A table of studio rental data trends in Downtown Indianapolis
MonthMedian Rent
September 2024$1,343
October 2024$1,327
November 2024$1,338
December 2024$1,332
January 2025$1,349
February 2025$1,352
March 2025$1,376
April 2025$1,553
May 2025$1,707
June 2025$1,456
July 2025$1,477
August 2025$1,450
September 2025$1,413
October 2025$1,414
November 2025$1,425
December 2025$1,424
January 2026$1,502
February 2026$1,519
March 2026$1,507
April 2026$1,467
May 2026$1,507
June 2026$1,537
July 2026$1,489
August 2026$1,474
September 2026$1,490

Affordability calculator

Can I afford to live at 550 Fletcher Ave?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$40,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $40,960 annually to afford this 2-bedrooms monthly rent price of $1,024.
For more information on rent affordability, visit our rent calculator.

Schools near 550 Fletcher Ave

Frederick Douglass School 19

2020 dawson st

indianapolis, IN, 46203

PK, K-8Public
C-

Impact Academy

320 n tibbs ave

indianapolis, IN, 46222

K-12Public
D

Impact Academy 2

320 n tibbs ave

indianapolis, IN, 46222

K-12Public

Impact Academy 3

320 n tibbs ave

indianapolis, IN, 46222

K-12Public

Ips - Butler Lab at William Bell 60

3330 n pennsylvania

indianapolis, IN, 46205

PK, K-8Public
C+
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Internet available near 550 Fletcher Ave

Getting around Indianapolis near 550 Fletcher Ave

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 550 Fletcher Ave, Indianapolis

Groceries

7/10
Wide variety of groceries within a short drive, including some within walking distance

Shopping

7/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

9/10
Wide variety of cafés within a few minutes’ walk

Restaurants

9/10
Wide variety of restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

9/10
Exceptional variety of bars right within a few minutes’ walk

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