17 Hours Ago
Location
427 S College Ave, Indianapolis, IN 46203, USA|Downtown Indianapolis
Hi! Let’s figure out if this property is right for you.
Powered by Zumper AI
Nearby rentals
Renter hub
Property management
Apartments for rent IndianapolisApartments for rent GreenwoodApartments for rent NoblesvilleApartments for rent Valley MillsApartments for rent Chapel Hill - Ben DavisApartments for rent Snacks - Guion CreekApartments for rent FishersApartments for rent FranklinApartments for rent Five PointsApartments for rent BrownsburgApartments for rent CambyApartments for rent WestfieldApartments for rent GreenfieldApartments for rent AndersonApartments for rent WhitestownApartments Near Me
Houses for rent IndianapolisHouses for rent Near EastsideHouses for rent Near Northwest - RiversideHouses for rent Near SoutheastHouses for rent Downtown IndianapolisHouses for rent FishersHouses for rent GreenwoodHouses for rent Martindale - BrightwoodHouses for rent LebanonHouses for rent CastletonHouses for rent WestfieldHouses for rent FortvilleHouses for rent SouthportHouses for rent ZionsvilleHouses for rent WhitestownHouses for rent near me
Property Overview
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Dishwasher- Outdoor space
Great for
Social life
Pet owners
Eco living
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 636 sqft | $1,340 /mo | 1 unit available | Lovely apartment in Fletcher Place. The architects cared about the design of this space. This flat is modern, elegant and spacious. The details are perfect. Open design living space. Fletcher Place Terrace is in a great neighborhood, very close to downtown's best amenities, Fletcher Place restaurants and the Fountain Square music and art scene. *Photos/Images may not be of actual unit, they are of a typical unit/features in this building. Not all amenities apply to all units. Please check with a leasing agent for exact amenities. Furnishings are not included. |
Let's explore this property.
Amenities for Fletcher Place Terrace
Apartment Amenities
| Granite Countertops | Trash |
| Washer/Dryer Hookups |
Appliances
| Dishwasher | Icemaker |
| In-Unit Laundry | Microwave |
| Oven | Refrigerator |
| Stainless Steel Appliances | Washer and Dryer |
Building
| Cats OK |
Grounds
| Assigned Parking | Storage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Not allowed
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 6 |
|---|
Advertisement
About Fletcher Place Terrace
Lovely apartment in Fletcher Place. The architects cared about the design of this space. This flat is modern, elegant and spacious. The details are perfect. Open design living space. Fletcher Place Terrace is in a great neighborhood, very close to downtown's best amenities, Fletcher Place restaurants and the Fountain Square music and art scene. *Photos/Images may not be of actual unit, they are of a typical unit/features in this building. Not all amenities apply to all units. Please check with a leasing agent for exact amenities. Furnishings are not included.
Fletcher Place Terrace 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 Fletcher Place Terrace compares to other nearby properties.
Positives
- Dishwasher
- Dishwasher available in kitchen
- Outdoor space
- Easy access to the outdoors
Considerations
- Lacks images
- Fewer than 10 photos available for this location
Get the latest listings anytime, anywhere
Receive similar listings in the area, download our app, and more.
Rent trends in Downtown Indianapolis
1-bedroom apartments at Fletcher Place Terrace cost about 15% less than the average rent price for 1-bedroom apartments in Downtown Indianapolis.
Median rents as of Apr 25 2026.
Downtown Indianapolis
Indianapolis
| Month | Median Rent |
|---|---|
| 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 | $1,029 |
| January 2026 | $1,039 |
| February 2026 | $1,034 |
| March 2026 | $1,004 |
| April 2026 | $955 |
| Month | Median Rent |
|---|---|
| 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 | $1,424 |
| January 2026 | $1,502 |
| February 2026 | $1,519 |
| March 2026 | $1,507 |
| April 2026 | $1,467 |
Affordability calculator
Can I afford to live at 427 S College Ave?
Bedrooms
1 bedroomRent-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
$53,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $53,600 annually to afford this 1-bedroom monthly rent price of $1,340.
For more information on rent affordability, visit our rent calculator.
Schools near Fletcher Place Terrace
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 3
320 n tibbs ave
indianapolis, IN, 46222
K-12Public
Impact Academy 2
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+
Advertisement
Internet available near Fletcher Place Terrace
Getting around Indianapolis near 427 S College 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.
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 427 S College Ave, Indianapolis
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
5/10
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
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 10-minute walk
Parks
5/10
Moderate amount of park space nearby
Nightlife
6/10
Variety of bars within walking distance
Compare similar properties nearby
The Domino
Our team has verified this companyMartindale - Brightwood • 3200 Dr Andrew J Brown Ave
Studio–2 Beds
$995–$2,120
- cats ok
- fitness center
- balcony
The Jameson
Our team has verified this companySt. Vincent - Greenbriar • 1854 Century Way
1–2 Beds
$1,059–$1,450
- cats ok
- fitness center
- balcony
- cats ok
- fitness center
- balcony
The Grounds
Our team has verified this companyNear Northside • 2136 Central Ave
Studio–3 Beds
$1,299–$3,617
- cats ok
- fitness center
- balcony
River House
Our team has verified this companyBroad Ripple • 6311 E Westfield Blvd
Studio–1 Bed
$1,082–$5,116
- cats ok
- fitness center
- balcony
The Jacob
Our team has verified this companySouthport • 2110 E Southport Rd
Studio–2 Beds
$1,325–$1,899
- cats ok
- fitness center
- balcony
- cats ok
- fitness center
- balcony
Riverview
Our team has verified this companyNear Westside • 460 N White River Pkwy West Dr
Studio–2 Beds
$1,195–$1,750
- cats ok
- fitness center
- balcony
The Domino
Our team has verified this companyMartindale - Brightwood • 3200 Dr Andrew J Brown Ave
Studio–2 Beds
$995–$2,120
- cats ok
- fitness center
- balcony
The Jameson
Our team has verified this companySt. Vincent - Greenbriar • 1854 Century Way
1–2 Beds
$1,059–$1,450
- cats ok
- fitness center
- balcony
- cats ok
- fitness center
- balcony
The Grounds
Our team has verified this companyNear Northside • 2136 Central Ave
Studio–3 Beds
$1,299–$3,617
- cats ok
- fitness center
- balcony
River House
Our team has verified this companyBroad Ripple • 6311 E Westfield Blvd
Studio–1 Bed
$1,082–$5,116
- cats ok
- fitness center
- balcony
The Jacob
Our team has verified this companySouthport • 2110 E Southport Rd
Studio–2 Beds
$1,325–$1,899
- cats ok
- fitness center
- balcony
- cats ok
- fitness center
- balcony
Riverview
Our team has verified this companyNear Westside • 460 N White River Pkwy West Dr
Studio–2 Beds
$1,195–$1,750
- cats ok
- fitness center
- balcony