Apartments for Rent in Indianapolis, IN under $700
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Studio $629+1 bd $699+Base rent4.5 (2)3710 N Meridian St, Indianapolis, IN 46208Apply online • Pet friendly • Fitness center
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2 bd $569+Base rent3.5 (65)3810 Cooper Square Court, Indianapolis, IN 46205Apply online • Pet friendly • Pool
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Studio $700+Base rent3800 West Michigan, Indianapolis, IN 46222-3385Apply online • Pet friendly • In unit laundry
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Studio $581Base rent210 East Michigan Street, Indianapolis, IN 46204Apply online • Pet friendly • In unit laundry
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1 bd $535Base rent Income restricted4.0 (3)23 North Rural Street, Indianapolis, IN 46201Apply online • Pet friendly -
Studio $699Base rent10251-10705 US Hwy 136, Indianapolis, IN 46234Pet friendly • In unit laundry • Air conditioner
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Ask for pricing4301 Falcon Creek Blvd, Indianapolis, IN 462542Pet friendly • In unit laundry • Air conditioner
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1 bd $5002 bd $550Base rent4.0 (7)5719 Massachusetts Ave, Indianapolis, IN 46218 -
3 bd $700Base rent1902 Wilcox Street, Indianapolis, IN 46222Pet friendly
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1 bd $650Base rent4.5 (12)5620 East 30Th Street, Indianapolis, IN 46218 -
1 bd $525Base rent Income restricted4.5 (3)19 N. Oxford St., Indianapolis, IN 46201Pet friendly
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Ask for pricingIncome restricted2602 Founders Square Drive, Indianapolis, IN 46224Fitness center • In unit laundry • High Speed Internet -
2 bd $575+Base rent Income restricted4.5 (5)17 South Oxford Street, Indianapolis, IN 46201Pet friendly -
Ask for pricingIncome restricted4.5 (5)69 N. German Church Road, Indianapolis, IN 46229Fitness center • Dishwasher • Washer/Dryer
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1 bd $700Base rent8420 Metzger Court, Indianapolis, IN 46256Dishwasher • Air conditioner
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Frequently asked questions
When were prices and availability in Indianapolis, IN last updated?
Prices and availability in Indianapolis, IN were last updated on 17 Jun 2026.
What are the best apartments in Indianapolis, IN?
The best apartments in Indianapolis, IN are: 7 Pointe Apartments, Lawrence Landing, The Sterling, Thompson Village Apartments and 220 Meridian.
What type of rental buildings are in Indianapolis, IN?
In Indianapolis 44% of the housing is rented out compared to 56% of homes are owned, according to the most recent Census Bureau estimates. 12% of Indianapolis's apartments are found in large buildings of 50 units or more, 62% are located in smaller apartment complexes with less than 50 units, and 25% are single-family rentals.
Renting apartments in Indianapolis, IN under $700
Searching for apartments for rent in Indianapolis, IN under $700 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Indianapolis, IN, where the average rent is $676 per month, there are 47 units available for less than $700. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.
We’ll help you find the cheapest rental near you
Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $700” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Indianapolis, IN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Indianapolis, IN going for $500 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.