Apartments Under $700 in Indianapolis, IN

1 of 33 Results
38
$675
Serenity at Indianapolis (55+ Senior Community)
1123 North Edmondson Avenue Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Virtual Tour
Senior Community
10
$520 - 612
PER
ROOM
North Goodlet Ave & W St Clair St, IN (id.1135)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Disability Access
8
$560 - 580
PER
ROOM
North Hartman Drive & E 48th St, IN (id.1123)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Disability Access
13
$580
PER
ROOM
Dayton Ave & Fletcher Ave, IN (id.1125)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Disability Access
13
$540 - 560
PER
ROOM
East 21st St & N Colorado Ave, IN (id.1136)
Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
Furnished
Air Conditioning
Surface Parking
Disability Access
28
$692
34 North Apartments
3402 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Income Restricted
Air Conditioning
Fitness Center
Storage
15
$698 - 918
Pangea Vineyards
10101 E Montery RD Indianapolis, IN
Studio | Jun. 14, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony, Deck, Patio
14
$649 - 685
Meridian Towers Apartments
3710 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
Income Restricted
Fitness Center
Dishwasher
42
$550 - 700
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony, Deck, Patio
12
$549 - 649
Covington Square Apartments
Deal
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
2
3D Tour
$544 - 684
The Woods At Oak Crossing
Deal
2.0
3120 Nobscot Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
20
$699 - 2,095
Indy Town Apartments
Deal
1.4
6046 E 21St Street, Suite 1B Management Office Indianapolis, IN
1 BR | Jul. 31, 2023
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
8
$619 - 649
Cambridge Commons
2.8
4959 Oakhurst Drive Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
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
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
10
$659 - 724
Rosewood Commons
4.0
5549 Rosewood Commons Dr. Indianapolis, IN
Studio | Available Now
Contact
Air Conditioning
Balcony, Deck, Patio
7
$475
Westside Office Space
650 N Girls School RD Indianapolis, IN
Studio | Ask for Availability
Contact
Air Conditioning
11
$650
4723 E 34Th St
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
15
$624 - 729
Marabou Mills
1.6
3402 Marabou Mills Dr. Indianapolis, IN
Studio | Available Now
Contact
Air Conditioning
14
$675
1467 W 34Th St
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
0
$600
1115 N Rural St
Indianapolis, IN
1 BR | Ask for Availability
Contact
1
$200
8189 E 21St St
Indianapolis, IN
Studio | Available Now
Contact
2
$675
28 E 16Th St
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$650
258 S Dearborn St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Dishwasher
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
Surface Parking
Balcony, Deck, Patio
Dishwasher
16
$700
5819 E Washington St
Indianapolis, IN
1 BR | Available Now
Contact
Cat Friendly
Storage
Dishwasher
11
$625 - 635
Fox Club
Deal
4401 South Keystone Avenue Indianapolis, IN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Dishwasher
12
$625
Berkley Commons Apartments
8201 Madison Ave Indianapois, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
1 - 30 of 33 Results
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  2. Indianapolis
  3. Apartments Under $700

How much does it cost to rent an apartment in Indianapolis?

Indianapolis Apartments
Bed Type Average Rent Range
Studio $890 $550 - $1,670
1BR $960 $650 - $1,590
2BR $1,070 $750 - $1,950
3BR $1,490 $830 - $2,450
4+BR $1,400 $800 - $2,550

Indianapolis:
June Rent Report

Welcome to the June 2023 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 2023 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Indianapolis and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Indianapolis average rent prices in the chart below.

Monthly Rent Report

Indianapolis Rent Prices Decrease From May to June

Indianapolis rent prices decreased over the last month. From May to June, the city experienced a -1.07% decrease for the price of a one-bedroom apartment. The rent price for a Indianapolis one-bedroom apartments currently stands at $922.0.

When we take a look at the two-bedroom comparison from May to June, Indianapolis experienced a -1.19% decrease for the price of a two-bedroom apartment. The rent price for a Indianapolis two-bedroom apartments currently stands at $1,163.0.

June Prices: Indianapolis vs. Surrounding Areas

Rent Prices in Indianapolis and Surrounding Areas

Rent prices have decreased in Indianapolis over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 5 of the Indianapolis suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rent increased in Westfield, IN, Plainfield, IN, Greenwood, IN, Camby, IN, Fishers, IN .

  • Rent decreased in Carmel, IN, Noblesville, IN.

  • 7 suburbs are currently priced higher than the city of Indianapolis.

June 2023 Pricing Trends: Indianapolis vs. National Comparisons

Indianapolis Rent Prices More Affordable Than Major Cities

Rent growth in Indianapolis over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Indianapolis average rent prices appear to be relatively affordable for local residents.

The price for a Indianapolis one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Indianapolis and surrounding area rent prices, take a look at the complete data set below.

Data set for Indianapolis and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change
Indianapolis, IN $932.0 -1.38% $1,177.0 -2.08%
Carmel, IN $1,353.0 -0.81% $1,625.0 -0.49%
Westfield, IN $1,256.0 0.88% $1,430.0 -5.92%
Plainfield, IN $1,630.0 1.43% $1,843.0 1.04%
Noblesville, IN $1,240.0 0.00% $1,629.0 0.80%
Greenwood, IN $923.0 0.11% $1,270.0 -1.24%
Camby, IN $1,324.0 5.50% $1,437.0 0.84%
Fishers, IN $1,379.0 2.38% $1,775.0 5.15%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.