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Apartments Under $700 in Indianapolis, IN

1 - 30 of 61 Results
22
3D Tour
$350
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
22
3D Tour
$325
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
$355
PER
ROOM
Charming Indianapolis Bungalow Near Garfield Park
Deal
701 W Hanna Ave Indianapolis, IN
1 BR | May. 18, 2026
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
$325 - 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
20
3D Tour
$370 - 475
PER
ROOM
Inviting urban haven with vintage charm and modern touches
Deal
1043 N Holmes Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
22
3D Tour
$435
PER
ROOM
Charming Indianapolis home close to Fort Harrison State Park and trails
Deal
8027 N Richardt Ave Indianapolis, IN
1 BR | Jun. 5, 2026
Contact
Heat Included
House
In Unit Laundry
18
3D Tour
$355 - 375
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
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
8
$598 - 659
Central State Mansion
202 Steeples Blvd Indianapolis, IN
Studio | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Fitness Center
11
$569 - 1,068
East Village at Avondale Meadows Apartments
3810 Cooper Square Court Indianapolis, IN
2 BR | Available Now
Contact
Luxury
Income Restricted
Section 8
Air Conditioning
In Unit Laundry
5
$674 - 716
Balsam Avenue Apartments - The Courts
3605-3609 Balsam Indianapolis, IN
Studio | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
25
$458
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio | Available Now
Income Restricted
Fitness Center
Dishwasher
5
$693 - 762
5730 E Washington
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$681 - 757
Butler Place
5230 E Washington St Indianapolis, IN
Studio | Jul. 15, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
9
$ Ask - 1,145
920 North Alabama
Indianapolis, IN
1 BR | Available Now
Contact
Old Northside
1
$625
Ewing 910-12
910-12 Ewing St Indianapolis, IN
1 BR | Ask for Availability
Contact
Storage
Disability Access
11
$649
25 S Emerson Ave Unit B
Indianapolis, IN
1 BR | Available Now
Contact
17
$550
5345 E Washington St. Unit 30 *$99 Deposit For Qualified Applicants!*
5345 E Washington St Apt 30 Indianapolis, IN
Studio | Ask for Availability
Contact
House
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
17
$550
5345 E Washington St. Unit 35 Indpls, In 46219
5345 E Washington St Apt 35 Indianapolis, IN
Studio | Ask for Availability
Contact
House
1
$700
Pilgrim
1015 W 31St St Indianapolis, IN
Studio | Available Now
Contact
Storage
1
$699
Oxmoor Indy
3640 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Storage
1
$ Ask - 1,179
Historic Irvington Flats
222 S Downey Ave Indianapolis, IN
1 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
41
$674
3609 Balsam Ave
Indianapolis, IN
Studio | Jun. 16, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
6
$649
Volrath
118 Palmer St Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
15
$659
The Stratford Apartments
3201 Watergate Rd Indianapolis, IN
Studio | Jun. 19, 2026
Contact
Dog Friendly
Cat Friendly
1
$700
2844 2846 Dr Andrew J Brown Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
17
$550
5345 E. Washington St. Unit 32 *$99 Deposit For Qualified Applicants!*
5345 E Washington St Apt 32 Indianapolis, IN
Studio | Ask for Availability
Contact
House
15
$550
5345 E Washington St Apt 6
Indianapolis, IN
Studio | Ask for Availability
Contact
House
1 - 30 of 61 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 61 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 116 studio apartments under $700 available for rent in Indianapolis.

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

Rentable.co has 1,101 one-bedroom apartments under $700 available for rent in Indianapolis.

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

Rentable.co has 1,232 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. Herron Morton
  3. Fletcher Place
  4. Downtown Indianapolis
  5. Old Northside

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

Welcome to the May 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable's data scientists and rental experts delve into the May 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 $1,100, with the majority falling between $740 and $1,570. Out of the 8,529 one-bedroom apartments currently on the market in Indianapolis, 206 are priced below $700, accounting for 2% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $700: Indianapolis vs. Surrounding Areas

Indianapolis, IN
70
The chart above provides an overview of the number of available apartments under $700 in Indianapolis, IN and the surrounding cities in the May 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 73 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 May M/M % Change
Indianapolis, IN 70 +1.06%
Noblesville, IN 2 +0.5%
Westfield, IN 1 +1.14%
Greenwood, IN 1 +1.0%
Speedway, IN 1 +0.75%
Whitestown, IN 0 +1.0%

Looking for Apartments Under $700 in Indianapolis?

Available apartments under $700 2,514
Top amenities Fitness Center, Dishwasher, Refrigerator, Range / Oven, Pet Friendly Community
Deals 48
Pet friendly 86
Utilities included 17
Furnished 1
Studio 35
1 Bedroom 75
2 Bedroom 42

Where are Indianapolis Apartments Under $700?

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