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apartments under 700
Last updated July 2 at 4:40 PM

47 Apartments for rent in Indianapolis, IN under $700

Finding a deal on affordable apartments under $700 in Indianapolis is worth the extra effort. Come ready to pounce on the best deals. Call the property management in advance... Read Guide >
The Meridian North Photo Gallery 1
1 of 16
Verified
38 Units Available
1 Bedroom
$690
698 sqft
2 Bedrooms
$850
800 sqft
3 Bedrooms
$1,260
1300 sqft
Come home to The Meridian North and see what it means to Live Life Better! Our newly renovated one, two, and three-bedroom apartment homes and townhomes include features designed to ensure your comforts, such as oversized walk-in closets, chef-inspired kitchens with separate dining areas, vaulted ceilings, and much more. Residents of The Meridian North also enjoy 54 acres of scenic beauty along with an array of desired community amenities, such as a shimmering pool with sundeck, on-site laundry centers, BBQ and picnic area, and a soccer field and playground for some fun in the sun! Located near a wide variety of casual and fine dining, shopping, and entertainment, The Meridian North offers the perfect balance of comfort and convenience. Enjoy a game at Victory Field, or spend a day at the Indianapolis Museum of fine arts or at Eagle Creek Park. Our location is central to everything you need. Visit us today to see why The Meridian North apartment is the perfect home for you!
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Boardwalk at Westlake Photo Gallery 1
1 of 30
Studio
$650
441 sqft
1 Bedroom
$825
516 sqft
2 Bedrooms
$890
800 sqft
Conveniently located close to Lucas Oil Stadium, Indy 500 Speedway, Indianapolis International Airport and downtown Indianapolis. One- through three-bedroom units available. Residents have access to clubhouse, internet cafe, media room, pool and tennis courts.
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Briergate Apartments Photo Gallery 1
1 of 4
1 Bedroom
$635
576 sqft
2 Bedrooms
$705
756 sqft
Reward yourself with the relaxed comfort that is offered at Briergate Apartments in Indianapolis, Indiana. We are conveniently located near Canal Walk offering a waterside promenade for walkers, runners, bikers and sightseers. You will also find many of Indianapolis parks nearby. Whether you are looking for a spanning green oasis for picnicking, trails for hiking or jogging or a playground and sandbox for the little ones, many parks are easily accessible to Briergate residents. Our pet-friendly 1 & 2 bedroom floor plans offer all the space and modern conveniences you crave. Inside, our open layouts, premium finishes, and spacious kitchens are the perfect getaway to unwind and relax after hitting the town or returning home from work. Either way, you’ll enjoy a prime location in Indianapolis in Marion County. This is living. This is home.
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Meridian Towers Photo Gallery 1
1 of 8
Verified
23 Units Available
Studio
$625
335 sqft
1 Bedroom
$725
544 sqft
2 Bedrooms
Ask
Meridian Towers Apartment is a 195-unit high-rise building located in beautiful Indianapolis, under new management with Lumen Property Management! This community offers spacious studio, one-bedroom, and two-bedroom apartment homes. Each unit includes fully-equipped kitchens, cable-ready, vinyl flooring, and walk-in closets. Community features laundry facilities, elevator, business center, media center/movie theater, and much more. Excellent location on Meridian Street, one of Indy's premier streets, minutes to Downtown Indy and Broad Ripple. Easy access to IndyGo and Red Line Bus Routes and just minutes from Butler, Ivy Tech & IUPUI. You will also find the Children's Museum, the Indianapolis Museum of Art, and the Indiana State Fairgrounds nearby. Call us today to schedule a showing at Meridian Towers Apartments!
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Indy Town Apartments Photo Gallery 1
1 of 19
1 Bedroom
$697
600 sqft
2 Bedrooms
$760
850 sqft
Indy Town Apartments NOW Offering Newly Renovated Apartments! Schedule your tour today! Ask about our Leasing Specials!BOOK YOUR VIRTUAL TOUR TODAY with TOUR24 - https://app.tour24now.com/tour/indy-town
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Pangea Courts Photo Gallery 1
1 of 13
Verified
8 Units Available
1 Bedroom
$615
550 sqft
2 Bedrooms
$882
780 sqft
Eat-in kitchens, updated appliances and free heat are the highlights of these apartment homes. Cats and dogs allowed. Near Christian Park. Close to I-70 and I-65.
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Pangea Cedars Apartments Photo Gallery 1
1 of 15
Studio
$634
417 sqft
1 Bedroom
$891
640 sqft
2 Bedrooms
$1,122
816 sqft
Modern apartments just 15 minutes from downtown Indy. Dogs and cats allowed. Parking and laundry available on site. Near the Indiana Discount Mall and Saraga International Grocery for shopping convenience.
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Emerson Place Photo Gallery 1
1 of 3
1 Bedroom
Ask
2 Bedrooms
$658
864 sqft
3 Bedrooms
Ask
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.\n\nIn addition to our great floor plans and maintenance free living, our community has the amenities you want and deserve. For your pleasure, our community features central heat and air conditioning, private patio/balcony, and full size washer and dryer hookups.\n\nEnjoy the benefits of community living with the added perks of living minutes away from downtown. Emerson Place is ideally situated to give you easy access to the best of what the area has to offer. We are located a short distance from the Emerson Theatre, Indianapolis Childrens Museum, Colts Stadium, Circle Center Mall, and The Historic Indianapolis Zoo.\n\nCall us today to make an appointment to see for yourself why Emerson Place should be your new home. We look forward to hearing from you!
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Cambridge Square North Photo Gallery 1
1 of 15
Verified
Contact for Availability
1 Bedroom
$594
690 sqft
2 Bedrooms
$759
860 sqft
3 Bedrooms
$969
1248 sqft
Cambridge Square North Apartments is an affordable apartment community on the Northwest side of Indianapolis, IN. Our community is pet-friendly and offers one and two bedroom apartments and two and three bedroom townhomes. Garden style one bedroom apartment homes are also available for persons 55 years and older. This community offers two types of housing programs; therefore eligibility and rents will vary and may be determined by government regulations. Our community is conveniently located on the IndyGo bus line with direct access to I-465 or downtown Indianapolis off Michigan Road near shopping, dining, and entertainment. Cambridge Square North also offers several community amenities including a community center, multiple playgrounds, and a gazebo. The apartment homes feature complimentary gas and water utilities (in select apartments), large living and dining spaces, and a cafe-style balcony or partially fenced patios. This community is managed by the Gene B. Glick Company.
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Colonial Square Photo Gallery 1
1 of 7
Verified
Contact for Availability
1 Bedroom
$685
744 sqft
2 Bedrooms
$765
990 sqft
3 Bedrooms
$910
1082 sqft
Colonial Square Apartments is located on the West side of Indianapolis, IN in Pike Township. Transportation around Indianapolis is a breeze from Colonial Square with convenient access to the IndyGo bus line and direct access to I-65. Colonial Square is pet friendly and offers several community amenities including a community clubhouse, multiple playgrounds, and planned community events. The apartment homes feature large living and dining spaces, step-saver kitchens, and a garden patio or balcony. This community is managed by the Gene B. Glick Company.
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1524 South Talbott Street Photo Gallery 1
1 of 2
1 Bedroom
$680
1011 sqft
2 Bedrooms
Ask
Please ask about our Rhino Deposit Program. Pay a fraction of the normal deposit amount! Come tour this affordable 1 bed, 1 bath home today! This home has 1011 square feet of space, with features that include central air and a balcony. Enjoy the peaceful neighborhood while also living just minutes from major highways such as I-65 for a quick commute. Take advantage of our self-showing tour with our Rently app. Click the Schedule a Tour or Check Availability button on this page and you’ll be able to see this home ASAP. BONUS: Have peace of mind in knowing this property is professionally managed by Great Jones Property Management. With a fully staffed 24/7 tenant support hotline, all of your requests will be addressed immediately and all maintenance repairs are performed by licensed and insured vendors. Rent can be paid in cash, online through our portal system, or by check. BE AWARE: Scams are operating in this region. Email indy@greatjones.co to contact an official Great Jones representative about this property. Great Jones will never advertise on Craigslist, ask you to wire money, or ask you to keep the key to the home for move in. This property comes in as-is condition. If this property is part of a homeowner’s association, additional fees may apply. This property allows self guided viewing without an appointment. Contact for details.
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5914 Washington Street Photo Gallery 1
1 of 8
1 Bedroom
$595
640 sqft
Please ask about our Rhino Deposit Program. Pay a fraction of the normal deposit amount! Come tour this affordable 1 bed, 1 bath home today! This home has 640 square feet of space, with features that include a kitchen with a refrigerator, central air, and is newly renovated. Enjoy the peaceful neighborhood while also living just minutes from major highways such as I-465 for a quick commute. This property is pet-friendly for an additional fee. Take advantage of our self-showing tour with our Rently app. Click the Schedule a Tour or Check Availability button on this page and you’ll be able to see this home ASAP. BONUS: Have peace of mind in knowing this property is professionally managed by Great Jones Property Management. With a fully staffed 24/7 tenant support hotline, all of your requests will be addressed immediately and all maintenance repairs are performed by licensed and insured vendors. Rent can be paid in cash, online through our portal system, or by check. BE AWARE: Scams are operating in this region. Email indy@greatjones.co to contact an official Great Jones representative about this property. Great Jones will never advertise on Craigslist, ask you to wire money, or ask you to keep the key to the home for move in. This property comes in as-is condition. If this property is part of a homeowner’s association, additional fees may apply. |Amenities: Wood flooring,Dogs ok,Cats ok This property allows self guided viewing without an appointment. Contact for details.
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Cross Roads at Madison Park Photo Gallery 1
1 of 8
Studio
$580
310 sqft
2 Bedrooms
Ask
Unit 26A is a spacious, newly remodeled Studio Apartment. SAVE SAVE SAVE!! Cross Roads at Madison Park Apts offers a studio apartment at an affordable rate. Madison Park Apartments is located on the Southside of Indianapolis, Indiana, in Perry Township just minutes from Greenwood Mall and seconds from I-465. Studio Apartment Home 310 sq ft, wood floors, 3 tones paint large floor spacious floor plans for $525/mo. Feel free to Text 317-786-6105 for more leasing info. Start saving today! Hurry!!! before they are all gone! Apply with the link below: Arrive at Leasing Office for Tour:) https://hartfordrentals.managebuilding.com/Resident/apps/rentalapp
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9 S Galeston Ave Photo Gallery 1
1 of 7
1 Bedroom
$600
550 sqft
Refundable Application Fee at Successful Move-in Come check out this cute Studio in Warren Township off Post and Washington. Spacious living/ kitchen space. Ceramic tile. Electric stove and refrigerator will be provided. Pets Negotiable! Tenant to pay a monthly utility fee of $75/month. Note: In addition to the monthly rent, Tenant will pay an additional $45 each month for a Tenant Benefits Package. Details can be found here: www.threaltyinc.com/rbp Please check out our Security Deposit Requirements:https://www.threaltyinc.com/rhino/
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10 S Bradley Ave Photo Gallery 1
1 of 19
1 Bedroom
Ask
2 Bedrooms
$700
1326 sqft
** Applications are not accepted until the available date, which is subject to change. Please sign up for the Waitlist via Tenantturner.com to be notified when the home is available. Note: Rental Price is Subject to Change. ** ** Coming Soon -Great 2 bedroom in complex off 38th & Sherman. This spacious two-story apartment features lovely laminate flooring, formal dining room and a cozy kitchen. NO A/C. Off-street Parking available. Pets Negotiable! Note: In addition to the monthly rent, Tenant will pay an additional $45 each month for a Resident Benefits Package. Details can be found here: www.threaltyinc.com/rbp Please check out our Security Deposit Requirements:https://www.threaltyinc.com/rhino/
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8149 Trevellian Way Photo Gallery 1
1 of 10
1 Bedroom
$450
140 sqft
Private room in the updated and furnished house for rent! Looking to fill ASAP, first come first serve. House and common spaces are furnished with all the essentials (kitchen stuff, TVs, furniture). The available private room is unfurnished for you to make it yours. We're a laid-back group that appreciates a chill vibe. Really fast wifi. Our leasing company provides a monthly maid service. Your room comes equipped with an already-installed smart lock. Utilities/amenities are $140 per month, 6-12 month leases. Text 1-816-203-1186 to chat live with one of our leasing agents and save your spot!
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4346 North Crittenden Avenue Photo Gallery 1
1 of 9
1 Bedroom
$695
630 sqft
Lovely 1 bedroom and 1 bath duplex is now available. This home is modern, renovated ad updated and super clean. This home has Vinyl flooring for easy cleaning. You will feel right at home and love all the space this home offers. Located with easy access to all shopping stores and schools you don't want to pass by this home. The fridge and the range will be placed at the time of rental. Schedule a viewing today!
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2722 North Olney Street Photo Gallery 1
1 of 11
2 Bedrooms
$625
650 sqft
Nice two bedroom double with a deck off the back of home. This home has a very spacious backyard. Which is great for private entertaining. This home has been updated with new flooring, and with update appliances. This home is located near Washington park and Bright-wood shopping plaza. This is a home that anyone will truly love and need to be on your list to view. Schedule a viewing today!
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606 North Moreland Avenue Photo Gallery 1
1 of 10
1 Bedroom
$650
934 sqft
Large 1 bedroom 1 bath home ready for its new tenant. There have been lots of updates to the home, modern kitchen and bath to make you feel right at home. Moreland Ave gives you easy access to all schools and shopping you will need. This is a great home, that is super clean and move-in ready. The entire development is being renovated and is an amazing community, boasting 24 security camera monitoring, and all units have had total makeovers. Units include stove, refrigerator, microwave. Section 8 and all other housing assistance is welcome. You don't want to miss out on this incredible opportunity. Addition to rent there will be a monthly charge of $50 for water/sewer. Schedule a viewing today!
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725 W Michigan St Photo Gallery 1
1 of 6
1 Bedroom
$699
Lg secured front porch,Washer/dryer hook up, fence - Property Id: 737674 This large 1br property is a handyman special only. Property showing only AFTER being pre-approved on the 3 doc. Property may need electrical, plumbing, drywall, and/or carpentry. The maintenance technicians and independent contractors are welcome. It's on a special 12-year lease-to-own program. We are providing you a $125/monthly rent discount for the entire lease term. A down payment is required and can be paid by an additional monthly payment of $50-$99/mon for the 12 year term. Deposit is required upon move-in. Three documents are required to be pre-approved: 1.> current lease, 2.> two current pay-checks and 2021 W-2 form. 3.> Your ID . All three documents must be provided prior to property showing in -person and the lease signing. 3 Doc submitted by directly texting to (317) 987-0634 phone#. We offer owner finance.(Bankruptcy, foreclosure, no credit, or bad credit is OK). Your job is your credit. We provide on-site approval and same-day move-in. Please call (317) 987-0634 Today Apply at TurboTenant: http://rental.turbotenant.com/p/725-w-michigan-st-indianapolis-in/737674 Property Id 737674 (RLNE7489576)
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Victoria Photo Gallery 1
1 of 9
Studio
$695
425 sqft
101 Available 08/31/22 This is a lovely corner studio unit, a strikingly elegant & freshly renovated downtown studio. Our lovely 103 year-old apartment building is very well kept, super friendly and so very cozy. A real gem in downtown Indy. Six windows, all corner units, for loads of natural sunlight and excellent neighbors who are all screened for the highest quality, absolutely no bad apples here. We are accustomed to grad-students & post-docs, so don't worry too much about simply having a lack of credit. We're located at 13th & Illinois and are super convenient to Starbucks, Methodist Hospital, IU Health, IUPUI, and fast food, Kroger grocery and drug stores are just a short walk away. In front, we have new dedicated bike lanes which makes biking all over downtown safe and convenient, plus, we are one block away from the new Red Line. Surprisingly, heat, hot water and cooking are fueled by natural gas which is an already INCLUDED amenity. Tenants only pay water and electric, which are appropriately $30 each, year round. Each studio comes pre-wired & ready for lightning fast AT&T fiber optic internet. Our lovely laundry center has beautiful, clean, new front-loading Whirlpool equipment, folding tables, drying racks, even an iron/ironing board. Free storage units are also available. This incredible value is almost too good to be true. Management and award-winning maintenance are always eager to serve our tenants and our community, and our great reviews & ratings reflect that heartfelt daily effort. Our cat-friendly building is quiet, without dogs or children, and offers the super convenient option of reserved & secured parking. Application: https://www.hemlane.com/listings/1244-n-illinois-st-indianapolis-in-46202-usa-unit-101/9e8817fc-d3dd-46ba-85c0-9b14bfc290bd No Dogs Allowed (RLNE7019347)
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747 Olin Ave Photo Gallery 1
1 of 1
1 Bedroom
$700
1 Bedroom 1Bath - Property Id: 924939 If you are in the market for your perfect rental home, you have come to the right place. As prospective tenants, we can help you through the process of finding and applying for the home of your dreams. Once you are a resident we have the tools and employees to make your rental experience the best it can be. Please give us a call at the office at 317-542-1141 so we can assist you in finding your "home" today. You may also visit our website at http://www.tbhmanagement.com. Apply at TurboTenant: http://rental.turbotenant.com/p/747-olin-ave-indianapolis-in/924939 Property Id 924939 (RLNE7522770)
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2816 E 13th St Photo Gallery 1
1 of 3
3 Bedrooms
$549
3 Br, 1-2 Ba House, full basemt, Cross from Church - Property Id: 819099 This property is a handyman special only. Property showing only AFTER being pre-approved on the 3 documents paper work. Property may need electrical, plumbing, drywall, and/or carpentry. The maintenance technicians and independent contractors are welcome. It's on a special 15-year lease-to-own program. We'll provide a monthly rent discount of. $350/mon for the entire lease term. A down payment is required and can be paid by an additional minimum payment of $50-$99/mon installments within 12 years. A deposit is required upon move-in. 3 docs are required prior to showing: 1.) current lease. 2.) two most recent pay-stubs and W-2. 3.) IDs for each adults applicants. All 3 docs must be provided by directly texting to (317) 987-0634 prior to us schedule any in-person showing. We offer owner finance. Bankruptcy, foreclosure, no credit, or bad credit is OK. We provide on-site approval & same-day move-in. Please contact us at (317) 987-0634 for pre-qualification on our 1-6 brs properties. Apply at TurboTenant: http://rental.turbotenant.com/p/2816-e-13th-st-indianapolis-in/819099 Property Id 819099 (RLNE7425016)
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4110 Rookwood Ave Photo Gallery 1
1 of 2
2 Bedrooms
$649
By Crown Hill: 4110 Rookwood Ave - Property Id: 819095 This property is a handyman special only. Property showing only AFTER being preapproved. Property may need electrical, plumbing, drywall, and/or carpentry. The maintenance technicians and independent contractors are welcome. It's on a special 15-year lease-to-own program. We'll provide a monthly rent discount for the entire lease term. A down payment is required and can be paid by an additional monthly payment of $50-$99/mon for the first few months. A deposit is required upon move-in. Three documents are required to be preapproved: current lease, full-time pay-check, and W-2. All three documents must be provided prior to property showing and lease signing. Document submitted by text (317) 987-0634. We offer owner finance. Bankruptcy, foreclosure, no credit, or bad credit is OK. We provide on-site approval and same-day move-in. Please contact us at (317) 987-0634 for pre-qualification. Apply at TurboTenant: http://rental.turbotenant.com/p/4110-rookwood-ave-indianapolis-in/819095 Property Id 819095 (RLNE7425013)
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Frequently Asked Questions

Frequently Asked Questions (FAQs)

How expensive is it to rent a studio apartment in Indianapolis?

The average rent for a studio apartment in Indianapolis is $1,182 per month.

How much is rent for a one-bedroom apartment in Indianapolis?

One-bedroom apartment rentals in Indianapolis rent for $1,264 per month.

What is the typical rent for a two-bedroom apartments in Indianapolis?

The average rent for a two-bedroom apartment in Indianapolis is $1,443 per month.
City Guide for Indianapolis, IN

Having trouble with Craigslist Indianapolis? Can't find that special apartment for rent on Apartment Finder or Apartment Guide? Apartment List is here to help!

Indianapolis is an enigma. Naptown, Indianoplace, and references by Baltimorians too unsavory for this site are all used as paramount putdowns about a city thought to be blander and more uninspired than powdered water. But Indianapolis is the capital city to movies set in the Hoosier State such as Hoosiers, Breaking Away, and Rudy (if ever you've wanted to see a grown man quiver and cry with joy rent these, you'll see). Plus, at certain times of the year, Indy becomes as frenetic as any city on earth; like its New Years, Mardi Gras, Fourth of July, and Robert Isray Appreciation Day all rolled into one. See more

What to keep in mind when looking for apartments under $700 in Indianapolis, IN

Finding a deal on affordable apartments under $700 in Indianapolis is worth the extra effort. Come ready to pounce on the best deals. Call the property management in advance to ask what paperwork they need and come prepared. Bank statements, pay stubs, identification, and letters of recommendation from an employer or landlord are usually standard. It’s better to come to an apartment tour over-prepared and ready to sign.

You probably won’t find affordable apartments under $700 in Indianapolis in the heart of the action, but you can still land in a neighborhood you love. Look for locations on the outskirts of your dream location or reconsider how much space you really need. A studio apartment may offer plenty of space in your ideal neighborhood at a cheaper price point.

Some property managers will also know about apartments under $700 in other buildings they manage, or through word-of-mouth from industry contacts. Ask about any leads if you can’t find the space you need. Touring the first floor for affordable apartments that need some updating can also yield a great deal.