3 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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Property Overview
The property at 550 Fletcher Ave features an open concept design, spacious living areas, and ample storage. With a high Zumper expert rating of 8.5 and competitive pricing, it offers excellent value. Located near amenities such as grocery stores, parks, and fitness facilities, it promotes an active lifestyle and easy accessibility, while also being part of a vibrant neighborhood with numerous dining options.
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.
Things you’ll love
Middle school nearby
Great for
Social life
Wellness
Eco living
Floor plans
| 550 Fletcher Ave - 1 Bed/1 Bath | 1 bed | 1.5 bath | 730 sqft | $1,025 /mo | 1 unit available | ||
| 2BR/1.5BA | 2 bed | 1.5 bath | 730 sqft | $1,249 /mo | 1 unit available | 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* |
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Policies and fees
Building details
Property details
| Units | 10 |
|---|
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About 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 GoodWith 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.
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
Apr 15, 2017
Nice apartments I have two vacant there
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:
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
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Downtown Indianapolis
1-bedroom apartments here are priced 36% 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 44% less than the average for similarly sized apartments in Downtown Indianapolis.
Median rents as of Nov 1 2025.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| November 2023 | $941 |
| December 2023 | $972 |
| 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 | $1,049 |
| Month | Median Rent |
|---|---|
| November 2023 | $1,250 |
| December 2023 | $1,288 |
| 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 | $1,410 |
Affordability calculator
Can I afford to live at 550 Fletcher Ave?
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 Ave
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 Ave, 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
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