Zumper
modified
22 Hours Ago

Highlights

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

Location

550 Fletcher Avenue, Indianapolis, Indiana 46203, United States|Downtown Indianapolis
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Contact

Management

Granite Management - Indianapolis

Leasing office

(317) 533-5885

Property Overview

550 Fletcher Ave is highly rated for its competitive pricing and impressive amenities, achieving an overall Zumper expert rating of 8.5/10. This property features an open concept design with a spacious living room and ample storage, enhancing the living experience. The location is convenient, offering excellent access to schools, grocery stores, and recreational facilities, making it appealing for various lifestyles including those who value work-from-home options, social activities, and sustainability.

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

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, 550 Fletcher Ave is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 550 Fletcher Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Middle school nearby
  • Images Available

Great for

  • Work-from-home
  • Social life
  • Eco living

Floor plans

550 Fletcher Ave - 1 Bed/1 Bath ** One Free Month of Rent**1 bed1.5 bath730 sqft$1,025 /mo1 unit available
2BR/1.5BA2 bed1.5 bath730 sqft$1,249 /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.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, 550 Fletcher Ave is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 550 Fletcher Ave has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated 550 Fletcher Ave
Price·10A 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 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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:

Work-from-home

  • 8 coworking spaces or cafes within 1 mile
  • Large windows for natural lighting
  • 6 internet service provider options nearby
  • Quiet environment with little noise pollution

Social life

  • 395 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • The area has transit options
  • A bustling neighborhood

Eco living

  • 87 parks within a mile
  • You can get around by foot in this area
  • Public transit available 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.

Positives

Middle school nearby
There is a middle school 1 mile away
Images Available
There are at least 10 photos of this address

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

1-bedroom apartments here are priced 34% lower than 1-bedrooms in Downtown Indianapolis.

If you decide to upgrade your space, you can expect 2-bedrooms at 550 Fletcher Ave to be 39% less than the average for similarly sized apartments in Downtown Indianapolis.

Median rents as of Dec 20 2025.
Downtown Indianapolis
Indianapolis
A table of studio rental data trends in Indianapolis
MonthMedian Rent
January 2024$900
February 2024$908
March 2024$1,040
April 2024$1,074
May 2024$1,117
June 2024$1,171
July 2024$1,091
August 2024$1,047
September 2024$1,090
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$1,031
A table of studio rental data trends in Downtown Indianapolis
MonthMedian Rent
January 2024$1,383
February 2024$1,354
March 2024$1,337
April 2024$1,324
May 2024$1,309
June 2024$1,335
July 2024$1,350
August 2024$1,361
September 2024$1,359
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$1,422

Affordability calculator

Can I afford to live at 550 Fletcher Avenue?

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

$41,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 1-bedroom monthly rent price of $1,025.
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-

Ips - Butler Lab at William Bell 60

3330 n pennsylvania

indianapolis, IN, 46205

PK, K-8Public
C+

Francis Bellamy Pre-School Center

9501 e 36th st

indianapolis, IN, 46236

PKPublic
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Internet available near 550 Fletcher Ave

Getting around Indianapolis near 550 Fletcher Avenue

Walking

7/10
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.

Transit

6/10
Frequent public transit options are within walking distance.

Points of interest for 550 Fletcher Avenue, Indianapolis

Groceries

6/10
At least one grocery store within a 15-minute walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

7/10
At least one elementary school within a 20-minute walk

High schools

7/10
At least one high school within a 20-minute walk

Parks

6/10
Moderate amount of park space nearby

Nightlife

7/10
Variety of bars within walking distance

Explore the area around 550 Fletcher Avenue

Market Square Tap Room
320 E Market St
Whole Foods Market
320 E Market St
City Dogs Grocery
1028 Virginia Ave
Needler's Fresh Market
320 N New Jersey St
Ghotra Partners Inc
1402 S Meridian St

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