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apartments under 700
Last updated June 24 at 2:13 PM

167 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 >
Verified
1 Unit Available
Braeburn Village Apartments
2170 Braeburn East Dr
Indianapolis, IN
1 Bedroom
Ask
2 Bedrooms
$642
800 sqft
3 Bedrooms
Ask
Last updated June 24 at 2:13 PM
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
6 Units Available
Indy Town Apartments
6046 E 21st Street, Suite 1B Management Office
Indianapolis, IN | Eastside
1 Bedroom
$575
600 sqft
2 Bedrooms
$664
685 sqft
Last updated June 24 at 12:51 PM
Arlington Green 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
Verified
11 Units Available
Greenway
5350 East 21st Street
Indianapolis, IN | Eastside
1 Bedroom
$689
665 sqft
2 Bedrooms
$739
920 sqft
Last updated June 24 at 12:51 PM
Greenway Apartments NOW Offering Newly Renovated Apartments! Schedule your tour today! Ask about our Leasing Specials!
Verified
5 Units Available
Glen Ridge Manor
4737 E 19th St
Indianapolis, IN | Near Eastside
2 Bedrooms
$689
1160 sqft
Last updated June 24 at 12:51 PM
Indy Town Apartments NOW Offering Newly Renovated Apartments & Townhomes!
Verified
31 Units Available
Pangea Hills
5500 Pleasant Hill Cir
Indianapolis, IN | Garden City
1 Bedroom
$779
625 sqft
2 Bedrooms
$629
770 sqft
3 Bedrooms
Ask
Last updated June 24 at 12:49 PM
Accessible location just minutes from shopping, restaurants and Interstate 465. Two- and three-bedroom pet-friendly units available. Hardwood floors, all major appliances and private patio/balcony. Residents have access to on-site gym, playground and pool.
Verified
15 Units Available
Pangea Fields
3215 N Alton Ave
Indianapolis, IN | Eagledale
1 Bedroom
$599
662 sqft
2 Bedrooms
$712
1064 sqft
3 Bedrooms
$1,067
1278 sqft
Last updated June 24 at 12:49 PM
Minutes from Moreland Park and Marian University. On-site amenities include pool, dedicated parking and laundry facilities. One- to three-bedroom units available equipped with hardwood flooring, dishwasher and a private balcony or patio.
Verified
15 Units Available
Pangea Meadows
5505 Scarlet Dr
Indianapolis, IN | North High School
Studio
$693
500 sqft
1 Bedroom
$667
640 sqft
2 Bedrooms
$706
1030 sqft
Last updated June 24 at 12:49 PM
Recently renovated homes with washer and dryer hookup, hardwood floors and a patio/balcony. Pet friendly. Parking available on site. Easy access to I-465 and I-65. Near Eagle Creek Park.
Verified
22 Units Available
Pangea Groves
5018 Lemans Dr
Indianapolis, IN | Fairgrounds
Studio
$601
420 sqft
1 Bedroom
$801
715 sqft
2 Bedrooms
$863
806 sqft
Last updated June 24 at 12:49 PM
Recently renovated units with a patio/balcony, central air conditioning and quality appliances. Enjoy access to an onsite playground, laundry room and clubhouse. Right near Arsenal Park. Easy access to I-465.
Verified
23 Units Available
Pangea Parkwest Apartments
5816 W 38th St
Indianapolis, IN | North High School
1 Bedroom
$537
550 sqft
2 Bedrooms
$651
780 sqft
3 Bedrooms
Ask
Last updated June 24 at 12:49 PM
Residents of this community are close to Street Plaza and Meadowood Park. Community amenities include a fully-equipped gym, on-site laundry and a community pool. The recently renovated 2-3 bedroom units feature walk-in closets.
Verified
5 Units Available
Pangea Vistas
1366 N Arlington Ave
Indianapolis, IN | Eastside
2 Bedrooms
$628
860 sqft
Last updated June 24 at 12:49 PM
Newly renovated apartments with large walk-in closets, private patio/balcony and carpeted floors. Affordable prices and excellent location on Arlington Ave with easy access to downtown Indy.
Verified
6 Units Available
Pangea Cedars Apartments
3417 N Rybolt Ave
Indianapolis, IN | Eagledale
Studio
$607
417 sqft
1 Bedroom
$749
640 sqft
2 Bedrooms
$885
816 sqft
Last updated June 24 at 12:49 PM
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.
Verified
9 Units Available
Brookwood Apartments
5301 S Turtle Creek Dr
Indianapolis, IN | Edgewood
1 Bedroom
$690
700 sqft
2 Bedrooms
$765
880 sqft
3 Bedrooms
Ask
Last updated June 24 at 12:48 PM
If you are looking for apartments in South Indianapolis near the West Edgewood neighborhood look no further! Here at Brookwood Apartments we believe your apartment is your home and your community should feel like family. Brookwood Apartments offers one, two and three bedroom apartment homes in a great location in Indianapolis. We are located on the south side near Greenwood Mall, the University of Indianapolis, IUPUI, the Indianapolis International Airport, and downtown Indianapolis. We want Brookwood Apartments to become your new home! You’ll find both comfort and convenience at Brookwood Apartments. Enjoy all of our community amenities such as the on-site fitness center, playground, business center, swimming pool, laundry center, and more. Visit us today to take a tour of our beautiful community! We work hard to bring function and design to your whole apartment from the kitchens to the bedrooms, developing a range of practical features to make your everyday experience even more del
Verified
13 Units Available
South and Madison
1834 Madison Village Dr
Indianapolis, IN | South Perry
Studio
$676
448 sqft
1 Bedroom
$1,035
765 sqft
2 Bedrooms
$881
865 sqft
Last updated June 24 at 12:48 PM
Situated in the suburban south side of Indianapolis, South & Madison offers spacious apartments and townhomes in a premier location. We are just minutes from Greenwood Park Mall, less than 10 minutes to I-65 with access to other major interstates, and only 15 minutes from downtown Indianapolis. Spend a relaxing afternoon by our sparkling swimming pool and children's wading pool, hang out in our technology lounge or get your fit on in our state-of-the-art fitness center. Choose between one, two or three bedroom apartments or one, two or three bedroom townhomes and enjoy such amenities as open floor plans, spacious kitchens and closets, and private balconies or patios. Our community offers laundry rooms on each floor of the apartment buildings while our townhomes feature washer and dryer connections. Covered parking is also available. South & Madison offers the perfect balance of cosmopolitan style and small-town charm.
Verified
13 Units Available
Kingston Square Apartments
7171 Twin Oaks Dr
Indianapolis, IN | Arlington Woods
Studio
$649
578 sqft
1 Bedroom
$729
616 sqft
2 Bedrooms
$849
770 sqft
Last updated June 24 at 12:47 PM
Close to I-465 and E 34th Street. Spacious homes with hardwood floors, a coffee bar, carpeting and a dishwasher. Community amenities include a pool, a sundeck and a picnic area.
Verified
45 Units Available
The Meridian North
2100 Westlane Rd
Indianapolis, IN | Crooked Creek
1 Bedroom
$625
698 sqft
2 Bedrooms
$740
800 sqft
3 Bedrooms
$1,020
1300 sqft
Last updated June 24 at 12:22 PM
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!
Verified
75 Units Available
The Meridian South
2085 Waterford Pl
Indianapolis, IN | Crooked Creek
Studio
$561
445 sqft
1 Bedroom
$605
650 sqft
2 Bedrooms
$665
1100 sqft
Last updated June 24 at 12:16 PM
Create your dream life at The Meridian South! Our newly-renovated spacious one, two, and three-bedroom apartment homes offer everything you need. Discover custom features, open floor plans, chef-inspired kitchens, private patios and balconies, and more. Enjoy amenities designed with you in mind, like our brand new fitness center, two relaxing pools with sundecks, on-site laundry centers, and a business center. Ideally located near a myriad of shopping and entertainment options, The Meridian South offers the perfect balance of comfort and convenience. Our community provides convenient access to Westlane Shopping Center, Indianapolis Motor Speedway, the Indianapolis Zoo, the Indianapolis Museum of Art and so much more! Visit us today to discover why The Meridian South is the perfect place to call home!
Verified
4 Units Available
Frederick Square
3028 N Webster Ave
Indianapolis, IN | Arlington Woods
1 Bedroom
Ask
2 Bedrooms
$679
885 sqft
Last updated June 24 at 12:16 PM
Verified
5 Units Available
Emerson Place
2110 Emerson Knoll Pl
Indianapolis, IN | Near Eastside
1 Bedroom
Ask
2 Bedrooms
$658
864 sqft
3 Bedrooms
$941
1075 sqft
Last updated June 24 at 12:06 PM
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!
Verified
14 Units Available
Meridian Lakes Apartments
7344 Meridian Hills Ct
Indianapolis, IN | Meridian Hills
1 Bedroom
$650
475 sqft
2 Bedrooms
$830
915 sqft
3 Bedrooms
Ask
Last updated June 24 at 12:06 PM
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. Vincent Hospital and many major employers. Our residents choose Meridian Lakes because of our exceptional location, our wide array of unique floor plans, washer & dryer connections, abundant closet space, built-in-microwaves, private patios or balconies and every apartment home includes a great lake view. Enjoy beautiful landscaped grounds with four stocked lakes and a waterfall. The dedicated staff at Meridian Lakes is friendly, knowledgeable and cares about your needs. Live with us and experience the difference!
Verified
1 Unit Available
Slate Run
9555 International Circle
Indianapolis, IN | College Park
Studio
$660
288 sqft
1 Bedroom
Ask
2 Bedrooms
Ask
Last updated June 24 at 12:05 PM
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. Vincent Hospital medical centers are nearby, as well as the College Park and Meridian Street corridors. Its an easy commute to downtown, Broad Ripple Village or the Keystone at the Crossing and Fashion Mall areas. There are numerous shopping, dining and entertainment choices in nearby Carmel as well. Each studio, one and two bedroom apartment home has been updated with contemporary interior finishes, including a built-in microwave, new maple cabinets, granite-like counters and custom paint. In addition, there is attic storage within the apartment. Most homes include a garden patio and washer/dryer connections. The community is located with the Pike Township School District. Your small pets are welcome. Call or visit today!
Verified
13 Units Available
The George Apartment Homes
5810 Sebring Dr
Indianapolis, IN | Snacks - Guion Creek
1 Bedroom
$695
650 sqft
2 Bedrooms
$855
808 sqft
3 Bedrooms
$1,320
1032 sqft
Last updated June 24 at 12:04 PM
At The George in Indianapolis, Indiana, choose from newly renovated one-, two-, and three-bedroom apartment homes and townhomes. Your new home includes large walk-in closets, a chef inspired kitchen with chic black appliances and updated cabinetry and fixtures, a private patio or balcony, and much more. We invite you to experience our outstanding community amenities like our brand new bark park, newly completed mail station, and relaxing swimming pool with sundeck, to name a few. Additional conveniences include 24-hour emergency maintenance and exciting resident activities planned by a welcoming staff. Conveniently located just 6 miles from downtown Indianapolis, The George offers the perfect location for an easy commute to a variety of local favorite attractions such as Eagle Creek Park, Indianapolis Motor Speedway and Museum, and Victory Field.
Verified
9 Units Available
One Somerset Apartments
3755 South State Avenue
Indianapolis, IN | University Heights
1 Bedroom
$650
600 sqft
2 Bedrooms
$960
700 sqft
Last updated June 24 at 12:02 PM
Welcome to your new home at One Somerset in Indianapolis, IN! One Somerset invites you to start your new Indianapolis lifestyle. Find yourself embracing an apartment community that is full of endless opportunities for entertainment, and relaxation. Our apartments for rent in Indianapolis, give you the perfect combination of comfort at home, and convenience to be out on the town. Here you'll find stunning features and a spectacular location. We offer 1 & 2-bedroom floor plans that bring you everything you need at your fingertips. Come home to our Indianapolis apartments, and experience the first-hand comfort, and amenities built just for you. Dive into life at a location that is nestled near all of the top local attractions. Our Indianapolis apartments for rent will bring you the beauty of nearby scenery, and the convenience of your local neighborhood. Come enjoy the benefits of city-life, combined with the rewards of high-class apartment living. Make One Somerset in Indianapolis, IN your home, and join our community today.
Verified
Contact for Availability
Cambridge Square North
7110 Township Line Rd
Indianapolis, IN | Crooked Creek
1 Bedroom
$564
690 sqft
2 Bedrooms
$729
860 sqft
3 Bedrooms
$949
1248 sqft
Last updated June 21 at 9:07 AM
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.
Verified
4 Units Available
Fountainhead Apartments
8101 Laguna Dr
Indianapolis, IN | St. Vincent - Greenbriar
Studio
$600
494 sqft
1 Bedroom
$775
663 sqft
2 Bedrooms
$1,040
1050 sqft
Last updated June 24 at 12:45 PM
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.
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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 $1,021 per month.
How much is rent for a one-bedroom apartment in Indianapolis?
One-bedroom apartment rentals in Indianapolis rent for $1,121 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 $1,326 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.