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apartments under 700
Last updated August 23 2019 at 10:55 PM

142 Apartments under $700 for rent in Indianapolis, IN

Verified
Last updated August 23 at 09:10am
Irvington
8 Units Available
Washington Court
5901 East Washington Street, Indianapolis, IN
1 Bedroom
$675
670 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Washington Court in Indianapolis. View photos, descriptions and more!
Verified
Last updated August 23 at 06:57am
3 Units Available
Autumn Trails
7975 Red Mill Dr, Indianapolis, IN
Studio
$429
288 sqft
1 Bedroom
Ask
2 Bedrooms
Ask
Single floor 1-2 bedroom units available. Apartments have vaulted ceilings, wall-to-wall carpeting, built-in shelves and extra storage in attic. Online rental portal. On-site parking. Close to public transportation, shopping centers, dining venues and I-465.
Verified
Last updated August 23 at 07:18pm
17 Units Available
Brookview Apartments of Indianapolis
1151 Aqua Vista Dr, Indianapolis, IN
1 Bedroom
$590
2 Bedrooms
$740
3 Bedrooms
$900
One- through three-bedroom apartments include fireplace, in-unit laundry and private patio or balcony. Residents have access to clubhouse, pool, gym, sauna and fishing lake. Property is just minutes from I-70, I-465 and downtown Indianapolis.
Verified
Last updated August 23 at 09:13pm
Eastside
6 Units Available
Arlington Green
6046 E 21st St, Indianapolis, IN
1 Bedroom
$545
622 sqft
2 Bedrooms
$649
853 sqft
Arlington Green Apartments NOW Offering Newly Renovated Apartments! Schedule your tour today! Ask about our Leasing Specials!
Verified
Last updated August 23 at 07:08pm
6 Units Available
Braeburn Village Apartments
2170 Braeburn East Dr, Indianapolis, IN
1 Bedroom
$578
600 sqft
2 Bedrooms
$761
889 sqft
3 Bedrooms
$826
1260 sqft
Great location, in the Warren Township School District. Residents enjoy communal gym, playground and emergency maintenance. Homes offer ceiling fans, storage areas, and washers and dryers.
Verified
Last updated August 23 at 07:06pm
I65-South Emerson
12 Units Available
Emerson Village
5140 Emerson Village Pl, Indianapolis, IN
1 Bedroom
$588
671 sqft
2 Bedrooms
$750
912 sqft
Units feature full-size washer and dryer connections, scenic courtyard views and private patios and balconies. Community offers two lakes, fitness center and pool. Excellent location for commuters off I-465 and I-70.
Verified
Last updated August 23 at 07:16pm
Near Northside
1 Unit Available
Stonegate Apartments
1226 North Illinois Street, Indianapolis, IN
Studio
Ask
1 Bedroom
Ask
2 Bedrooms
$650
955 sqft
Welcome to Stonegate Apartments, Enjoy city living and the comfort of Indianapolis-living in this community.
Verified
Last updated August 23 at 08:29pm
Irvington
8 Units Available
English Village
545 English Village Dr, Indianapolis, IN
1 Bedroom
$659
615 sqft
2 Bedrooms
$739
770 sqft
Located 7 miles east of downtown Indianapolis just off I-465. Close to Washington Square Mall, Indianapolis Sports Park and numerous dining, shopping and entertainment sports. 1-2 bedroom units with balconies and walk-in closets.
Verified
Last updated August 23 at 08:29pm
Edgewood
18 Units Available
Parc Bordeaux
3410 Rue Chanel, Indianapolis, IN
Studio
$562
400 sqft
1 Bedroom
$697
782 sqft
2 Bedrooms
$812
1012 sqft
Located off I-65, close to I-465. Parks, award-winning schools and universities, restaurants and retail stores are nearby. 1-2 bedroom apartments with private balcony. Residents have access to clubhouse, gym, pool and tennis courts.
Verified
Last updated August 23 at 09:12pm
St. Vincent - Greenbriar
14 Units Available
Fountainhead Apartments
8101 Laguna Dr, Indianapolis, IN
Studio
$600
494 sqft
1 Bedroom
$755
714 sqft
2 Bedrooms
$815
1154 sqft
Only blocks from I-465 and close to Eagle Creek Park, St. Vincent Hospital and downtown Indianapolis. Pet-friendly units include private balcony or patio and walk-in closets. Great amenities like clubhouse, pool and lighted dog park.
Verified
Last updated August 23 at 06:39pm
South Perry
26 Units Available
Oak Park
2100 E Stop 12 Rd, Indianapolis, IN
Studio
$598
450 sqft
1 Bedroom
$700
1000 sqft
2 Bedrooms
$700
1084 sqft
Located just off Highway 31 and close to numerous shopping, dining and entertainment venues. Recently renovated one- and two-bedroom units include stainless steel appliances, carpeting and computer nook. Clubhouse, gym and pool all on-site.
Verified
Last updated August 23 at 06:11pm
Meridian Hills
9 Units Available
Meridian Lakes Apartments
7344 Meridian Hills Ct, Indianapolis, IN
1 Bedroom
$570
559 sqft
2 Bedrooms
$755
985 sqft
3 Bedrooms
Ask
Meridian Lakes is nestled in the quiet residential neighborhood of Meridian Hills on the north side of Indianapolis, Indiana. Enjoy the convenience of being located only minutes from Downtown Indy, Broad Ripple, I-465, St.
Verified
Last updated August 23 at 09:13pm
Eastside
9 Units Available
Greenway
5350 East 21st Street, Indianapolis, IN
1 Bedroom
$565
665 sqft
2 Bedrooms
$659
885 sqft
Greenway Apartments NOW Offering Newly Renovated Apartments! Schedule your tour today! Ask about our Leasing Specials!
Verified
Last updated August 23 at 10:34pm
St. Vincent - Greenbriar
44 Units Available
Reflections
7999 Silverleaf Dr, Indianapolis, IN
Studio
$679
450 sqft
1 Bedroom
$869
770 sqft
2 Bedrooms
$984
1138 sqft
Cozy homes within a great residential environment. Community amenities include a children's play area, fitness center and sparkling pool. Pet friendly. Easy access to I-465 and I-65.
Verified
Last updated August 23 at 06:19pm
St. Vincent - Greenbriar
41 Units Available
Eclipse
8444 Rothbury Dr, Indianapolis, IN
1 Bedroom
$689
773 sqft
2 Bedrooms
$795
1136 sqft
3 Bedrooms
$1,219
1543 sqft
The Eclipse apartment homes (formerly Brandywine Apartments) located in Indianapolis, Indiana offer the recreational luxuries that people of every lifestyle find comfort in.
Verified
Last updated August 23 at 06:57pm
South Perry
18 Units Available
Sycamores Apartments
1614 E Stop 11 Rd, Indianapolis, IN
Studio
Ask
1 Bedroom
$669
842 sqft
2 Bedrooms
$759
977 sqft
The Sycamores is located on the south side of Indianapolis, Indiana with Greenwood Park Mall, Downtown Indy, I-465 and I-65, minutes away. These Spacious apartment homes are nestled in a quiet area, surrounded by mature trees and lots of green space.
Verified
Last updated August 23 at 06:33pm
I65-South Emerson
4 Units Available
Heathmoore Apartments
5984 Heathmoore Dr, Indianapolis, IN
Studio
$495
288 sqft
1 Bedroom
Ask
2 Bedrooms
$780
864 sqft
Welcome home to Heathmoore Apartments! We are located on the Southeast side of Indianapolis in the desirable Franklin Township area! We are within a few minutes to Beech Grove, downtown Indianapolis, Southport, and Greenwood! We are near Greenwood
Verified
Last updated August 23 at 06:37pm
College Park
7 Units Available
Slate Run
9568 International Ln, Indianapolis, IN
Studio
$604
288 sqft
1 Bedroom
$734
576 sqft
2 Bedrooms
Ask
Slate Run offers an exceptional location on 96th Street, between Michigan Road and Township Line Road, on the north side of Indianapolis. Accessibility to I-465, I-65 or downtown is easy. In addition, the St.
Verified
Last updated August 23 at 07:04pm
Near Eastside
14 Units Available
Emerson Place
2110 Emerson Knoll Pl, Indianapolis, IN
1 Bedroom
Ask
2 Bedrooms
$658
864 sqft
3 Bedrooms
$760
1075 sqft
Welcome to Emerson Place! Enjoy Indianapolis living in the comfort of this community.\n\nOur spacious one, two, and three-bedroom apartment homes are thoughtfully designed with your comfort and convenience in mind.
Verified
Last updated July 17 at 12:56pm
Near Northwest - Riverside
1 Unit Available
Magnolias
3340 N Meridian St, Indianapolis, IN
Studio
Ask
1 Bedroom
Ask
2 Bedrooms
$600
750 sqft
Spacious units in a laid-back community. Amenities include on-site laundry and parking. Pet friendly. Near Indiana State Fairgrounds. Right beside I-65. Just north of Indianapolis.
Verified
Last updated August 23 at 06:17pm
St. Vincent - Greenbriar
54 Units Available
Connect
8002 Harcourt Rd, Indianapolis, IN
1 Bedroom
$699
935 sqft
2 Bedrooms
$839
1100 sqft
3 Bedrooms
$1,039
1310 sqft
Welcome home to Connect Apartments and Townhomes located in Indianapolis, Indiana. Enjoy an inviting community with a variety of floor plans that offer a lifestyle of comfort.
Verified
Last updated August 23 at 06:10pm
Southdale
28 Units Available
Regency Park South
5524 Rue Royale, Indianapolis, IN
1 Bedroom
$599
698 sqft
2 Bedrooms
$711
926 sqft
3 Bedrooms
$900
1398 sqft
15 minutes south of Indianapolis, via I-465. Numerous parks, schools, retail stores and restaurants just minutes away. Pet-friendly one-, two- and three-bedroom units available. Residents have access to recently renovated clubhouse, pool and gym.
Verified
Last updated April 10 at 11:41pm
34 Units Available
Deercross Apartments
7007 Deer Path Dr, Indianapolis, IN
1 Bedroom
$644
656 sqft
2 Bedrooms
$805
955 sqft
LOCATED ONLY 15 MILES FROM THE HEART OF DOWNTOWN INDIANAPOLIS, YOU CAN CHOOSE FROM CLASSIC RESTAURANTS LIKE ST.
Verified
Last updated August 22 at 12:02am
St. Vincent - Greenbriar
8 Units Available
Spyglass Apartments
8320 Spyglass Dr, Indianapolis, IN
1 Bedroom
$675
671 sqft
2 Bedrooms
$799
1072 sqft
3 Bedrooms
$1,222
1345 sqft
A mile from I-465, with the IndyGo Bus pickup directly across the street. Residents have access to clubhouse, pool, gym and tennis and basketball courts. Apartment amenities include hardwood floors, fireplace and walk-in closets.

August 2019 Indianapolis Rent Report

Welcome to the August 2019 Indianapolis Rent Report. Indianapolis rents increased over the past month. In this report, we'll evaluate trends in the Indianapolis rental market, including comparisons to cities throughout the state and nation.

View full Rent Report

August 2019 Indianapolis Rent Report

Welcome to the August 2019 Indianapolis Rent Report. Indianapolis rents increased over the past month. In this report, we'll evaluate trends in the Indianapolis rental market, including comparisons to cities throughout the state and nation.

Indianapolis rents increased slightly over the past month

Indianapolis rents have increased 0.2% over the past month, and are up slightly by 1.7% in comparison to the same time last year. Currently, median rents in Indianapolis stand at $704 for a one-bedroom apartment and $872 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in February. Indianapolis' year-over-year rent growth leads the state average of 1.3%, as well as the national average of 1.6%.

    Rents rising across cities in Indiana

    Throughout the past year, rent increases have been occurring not just in the city of Indianapolis, but across the entire state. Of the largest 10 cities that we have data for in Indiana, all of them have seen prices rise. The state as a whole logged rent growth of 1.3% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

    • Looking throughout the state, Carmel is the most expensive of all Indiana's major cities, with a median two-bedroom rent of $1,236; of the 10 largest Indiana cities that we have data for, all have seen rents rise year-over-year, with Carmel experiencing the fastest growth (+2.1%).
    • Fishers, Indianapolis, and Muncie have all experienced year-over-year growth above the state average (1.9%, 1.7%, and 1.4%, respectively).

    Indianapolis rents more affordable than many other large cities nationwide

    As rents have increased slightly in Indianapolis, a few similar cities nationwide have also seen rents grow modestly. Indianapolis is still more affordable than most comparable cities across the country.

    • Indianapolis' median two-bedroom rent of $872 is below the national average of $1,191. Nationwide, rents have grown by 1.6% over the past year compared to the 1.7% rise in Indianapolis.
    • While Indianapolis' rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.1%), and New York (+1.8%).
    • Renters will find more reasonable prices in Indianapolis than most similar cities. For example, San Francisco has a median 2BR rent of $3,126, which is more than three-and-a-half times the price in Indianapolis.

    For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

    City
    Median 1BR price
    Median 2BR price
    M/M price change
    Y/Y price change
    Indianapolis
    $700
    $870
    0.2%
    1.7%
    Carmel
    $1,000
    $1,240
    1.5%
    2.1%
    Fishers
    $980
    $1,220
    0
    1.9%
    Noblesville
    $860
    $1,070
    0.2%
    4.9%
    Greenwood
    $750
    $930
    0.9%
    3.7%
    Plainfield
    $810
    $1,000
    1.6%
    4%
    Brownsburg
    $770
    $950
    -0.4%
    0.3%
    Zionsville
    $1,290
    $1,600
    0.8%
    1.7%
    See More

    Methodology - Recent Updates:

    Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

    Read more about our new methodology below, or see a more detailed post here.

    Methodology:

    Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

    Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

    Read more about our methodology here.

    About Rent Reports:

    Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

    We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

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