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Apartments Under $700 in Indianapolis, IN

1 - 30 of 62 Results
20
3D Tour
$320
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
22
3D Tour
$300
PER
ROOM
Goldenrod Drive Charmer with Large Backyard Oasis
Deal
1252 Goldenrod Dr Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
$295
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
$370
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
$330 - 370
PER
ROOM
Tranquil Perry Township Home on a Quiet Cul-de-Sac
Deal
8109 Johnstown Ct Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
20
3D Tour
$475
PER
ROOM
Inviting urban haven with vintage charm and modern touches
Deal
1043 N Holmes Ave Indianapolis, IN
1 BR | Feb. 17, 2026
Contact
Heat Included
House
In Unit Laundry
19
3D Tour
$390 - 445
PER
ROOM
Zen-inspired Indianapolis home with lush landscaping and peaceful vibes
Deal
3712 Oil Creek Dr Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
22
3D Tour
$380 - 445
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
11
$699
Studio Apartment In Speedway!
5125 W 10th St Apt 12 Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
11
$579
East Village at Avondale Meadows Apartments
3810 Cooper Square Court Indianapolis, IN
2 BR | Feb. 28, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Section 8
152
$497
1010 Central
1010 Central Ave Indianapolis, IN
1 BR | Mar. 10, 2026
Contact
Fitness Center
Old Northside
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Income Restricted
Fitness Center
Dishwasher
29
$699
Windmill
10251-10705 Us Hwy Indianapolis, IN
Studio | Mar. 31, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
20
$693
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
1 BR | Feb. 19, 2026
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
1
$700
Butler Place
5230 E Washington St Indianapolis, IN
1 BR | Mar. 16, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
1
$699
Evergreen On The Monon, Llc
3575 Evergreen Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$650
Birchwood Place Apartments
1040 Fairfield Ave Indianapolis, IN
Studio | Available Now
Contact
Storage
Disability Access
Mapelton
17
$575
5345 E Washington St. Unit 17 Indpls, In 46219
5345 E Washington St Apt 17 Indianapolis, IN
Studio | Ask for Availability
Contact
House
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
1
$699
Oxmoor Indy
3640 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Storage
1
$650
Fountain View Senior Apartments
1044 Shelby St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
2
$650 - 700
The Courts On Monon
3605-3609 Balsam Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
6
$649
Volrath
118 Palmer St Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
11
$665
Dunbar Court Apartments
1022 Dr Martin Luther King Jr St Indianapolis, IN
Studio | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
Dishwasher
Upper Canal
1
$700
Pilgrim
1015 W 31St St Indianapolis, IN
Studio | Available Now
Contact
Storage
21
$650
Stone Lake
Deal
2913 E Hanna Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
37
$695 - 700
3609 Balsam Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
18
$700
5230 E Washington St
Indianapolis, IN
1 BR | Mar. 16, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
1 - 30 of 62 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 62 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 127 studio apartments under $700 available for rent in Indianapolis.

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

Rentable.co has 945 one-bedroom apartments under $700 available for rent in Indianapolis.

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

Rentable.co has 1,042 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
  5. Herron Morton

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

Welcome to the February 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable's data scientists and rental experts delve into the February 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 22 45 67 90 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,120, with the majority falling between $730 and $1,590. Out of the 7,896 one-bedroom apartments currently on the market in Indianapolis, 415 are priced below $700, accounting for 5% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $700: Indianapolis vs. Surrounding Areas

Indianapolis, IN
73
The chart above provides an overview of the number of available apartments under $700 in Indianapolis, IN and the surrounding cities in the February 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 74 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 February M/M % Change
Indianapolis, IN 73 +0.96%
Westfield, IN 1 +0.83%
Greenwood, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Danville, IN 0 +1.0%
Speedway, IN 0 +1.67%
North Salem, IN 0 +1.0%

Looking for Apartments Under $700 in Indianapolis?

Available apartments under $700 2,107
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 32
Pet friendly 107
Utilities included 20
Furnished 1
Studio 36
1 Bedroom 72
2 Bedroom 35

Where are Indianapolis Apartments Under $700?

Top Neighborhoods Upper canal, Fletcher place, Old northside, Downtown indianapolis, Herron morton
Upper Canal 4
Fletcher Place 2
Old Northside 2
Downtown Indianapolis 1
Herron Morton 1
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