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Apartments Under $700 in Indianapolis, IN

1 - 30 of 56 Results
18
3D Tour
$345
PER
ROOM
Vibrant Indianapolis haven with retro charm and contemporary updates
Deal
6115 Redcoach Ln Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
20
3D Tour
$310 - 435
PER
ROOM
Chic Indianapolis sanctuary with soaring ceilings and modern flair
Deal
8149 Trevellian Way Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
$295 - 430
PER
ROOM
Charming Indianapolis Bungalow Near Garfield Park
Deal
701 W Hanna Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
$300 - 360
PER
ROOM
Eastwind Court Haven with Modern Updates & Space to Grow
Deal
3321 Eastwind Ct Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
22
3D Tour
$375 - 470
PER
ROOM
Charming Indianapolis home close to Fort Harrison State Park and trails
Deal
8027 N Richardt Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
12
$549 - 649
Covington Square Apartments
115 S. High School Rd. Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
2
$540 - 659
Capital Place Apartments
4100 Continental Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Storage
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Income Restricted
Fitness Center
Dishwasher
5
$685 - 764
Balsam Avenue Apartments - The Villages
3520-3534 E Fall Creek Pkwy Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
5
$691 - 778
Butler Place
5230 E Washington St Indianapolis, IN
Studio | Aug. 14, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
5
$631 - 747
Balsam Avenue Apartments - The Courts
3605-3609 Balsam Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
8
$650
Central State Mansion
202 Steeples Blvd Indianapolis, IN
Studio | Oct. 14, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
152
$518
1010 Central
1010 Central Ave Indianapolis, IN
1 BR | Available Now
Contact
Fitness Center
Old Northside
9
$561 - 595
Braeburn Village Apartments
3.4
2170 Braeburn East Drive Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Storage
42
$691
5230 E Washington St
Indianapolis, IN
Studio | Aug. 14, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
69
$631 - 700
3609 Balsam Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
7
$650
1527 S State Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
38
$679
Arlington Green (Indy Town)
1.4
6046 E 21st Street, Suite 1b Management Office Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
12
$625
Berkley Commons Apartments
8201 Madison Ave Indianapois, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$700
Pilgrim
1015 W 31St St Indianapolis, IN
1 BR | Available Now
Contact
Storage
7
$549 - 675
Estates At Crystal Bay
7136 East Crystal Bay Drive Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Townhome
Surface Parking
Balcony/Deck/Patio
10
$659 - 724
Rosewood Commons
4.0
5549 Rosewood Commons Dr. Indianapolis, IN
Studio | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
10
$698
Turtle Creek Apartments
5.0
8253 Harcourt Road Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
25
$549 - 699
Indy Flats
2.0
1304 N. Delaware Street Indianapolis, IN
Studio - 1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Fitness Center
11
$625 - 635
Fox Club
4401 South Keystone Avenue Indianapolis, IN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
17
$649 - 749
M Club
1.0
7007 Courthouse Dr Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Balcony/Deck/Patio
8
$619 - 649
Cambridge Commons
2.8
4959 Oakhurst Drive Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
16
$685
3520 E Fall Creek Pkwy N
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
7
$599 - 699
Volrath
118 Palmer St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dishwasher
18
3D Tour
$555 - 699
Woodhaven Park Apartments
4.0
6363 Commons Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
1 - 30 of 56 Results
  1. Home
  2. Indianapolis
  3. Apartments Under $700
Frequently Asked Questions

How many apartments under $700 are available in Indianapolis, IN on Rentable.co?

There are 56 apartments under $700 in Indianapolis currently available for rent on Rentable.co.

How many studio apartments under $700 are available in Indianapolis?

Rentable.co has 130 studio apartments under $700 available for rent in Indianapolis.

How many one-bedroom apartments under $700 are available in Indianapolis?

Rentable.co has 1,025 one-bedroom apartments under $700 available for rent in Indianapolis.

How many two-bedroom apartments under $700 are available in Indianapolis?

Rentable.co has 1,021 two-bedroom apartments under $700 available for rent in Indianapolis.

Can I afford a apartment under $700 in Indianapolis, IN?

To comfortably afford a apartment under $700 in Indianapolis based on average rent prices, a household would need an annual income of $26,000.

Which neighborhoods have the most apartments under $700 for rent in Indianapolis, IN?

  1. Upper Canal
  2. Fletcher Place
  3. Old Northside
  4. Downtown Indianapolis

Apartments Under $700 in Indianapolis, IN: August Rental Information

Welcome to the August 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable's data scientists and rental experts delve into the August 2026 key findings and figures for apartments under $700 in Indianapolis.

Our experts analyze the inventory trends for affordable apartments — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Indianapolis and its surrounding areas. This summary also provides insight into the available features and amenities, as well as different location options for apartments under $700 in Indianapolis. Whether you're a student looking for a budget-friendly apartment or a professional seeking an affordable place to live, this report will help you navigate the Indianapolis rental market and find the best apartment to meet your needs.
0 17 35 52 70 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,000, with the majority falling between $700 and $1,530. Out of the 8,573 one-bedroom apartments currently on the market in Indianapolis, 353 are priced below $700, accounting for 4% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $700: Indianapolis vs. Surrounding Areas

Indianapolis, IN
69
The chart above provides an overview of the number of available apartments under $700 in Indianapolis, IN and the surrounding cities in the August 2026. The chart includes data for Westfield, Speedway, Whiteland, Cumberland, Avon, Danville, Plainfield, McCordsville, Meridian Hills, Brownsburg, Fishers, Carmel, Noblesville, Greenfield, Lawrence, Greenwood, Lebanon, Bargersville, Camby, Cicero, North Salem, Whitestown, Zionsville, Fortville, Ingalls, Hendricks, Beech Grove, Pittsboro, and New Palestine, showcasing the range of affordable housing options in the area. With a total inventory of 70 apartments, renters have plenty of choices when searching for budget-friendly rentals in the Indianapolis, IN metro area. So whether you're looking to live in the heart of the city or in one of its neighboring communities, there are many affordable options to explore.

Apartments Under $700 Now vs. Last Month: Indianapolis and Surrounding Areas

City Apartments Under $700 in August M/M % Change
Indianapolis, IN 69 +0.98%
Westfield, IN 1 +0.83%
Noblesville, IN 1 +1.3%
Plainfield, IN 1 +1.12%
Greenwood, IN 1 +1.0%
Whitestown, IN 1 +1.0%
Lawrence, IN 0 +1.0%
Lebanon, IN 0 +1.0%

Looking for Apartments Under $700 in Indianapolis?

Available apartments under $700 2,502
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 56
Pet friendly 97
Utilities included 22
Furnished 1
Studio 34
1 Bedroom 83
2 Bedroom 35

Where are Indianapolis Apartments Under $700?

Top Neighborhoods Upper canal, Fletcher place, Old northside, Downtown indianapolis
Upper Canal 3
Fletcher Place 2
Old Northside 2
Downtown Indianapolis 1
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