Please provide a location to search for

Apartments for Rent in Indianapolis, IN under $700 – 281 Rentals available

  • Apartment
    2202 Fair Oaks Dr, Speedway, IN 46224
    $605 - $1,254
    • 1-2 Beds
    • 1 Bath
    Available Today!
    (317) 241-9341
  • Apartment
    11023 Elmtree Park Drive, Indianapolis, IN 46229
    $475 - $575
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (317) 947-4234
  • Apartment
    10101 E Montery Rd, Indianapolis, IN 46235
    $442 - $960
    • Studio-2 Beds
    • 1 Bath
    Available Today!
    (833) 558-7461
  • Apartment
    7980 Dunston Drive, Indianapolis, IN 46239
    $599 - $799
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (317) 559-3833
  • Apartment
    1540 Handball Lane, Indianapolis, IN 46260
    $549 - $769
    • Studio-3 Beds
    • 1-2 Baths
    Available Today!
    (317) 872-6506
  • Apartment
    4525 N Arlington Ave, Indianapolis, IN 46226
    $572 - $993
    • 1-3 Beds
    • 1-1.5 Baths
    Available Today!
    (833) 568-2473
  • Apartment
    5505 Scarlet Drive, Indianapolis, IN 46224
    $603 - $1,115
    • Studio-3 Beds
    • 1 Bath
    Available Today!
    (833) 354-1970
  • Apartment
    3714 Bartlett Ave, Indianapolis, IN 46227
    $569 - $879
    • Studio-2 Beds
    • 1-2 Baths
    Available Today!
    (317) 559-3839
  • Apartment
    5816 W 38Th ST, Indianapolis, IN 46254
    $617 - $1,158
    • 1-4 Beds
    • 1-1.5 Baths
    (833) 453-8885
  • Apartment
    2085 Waterford Place, Indianapolis, IN 46260
    $500 - $1,135
    • 1-3 Beds
    • 1-2 Baths
    (317) 794-2688
  • Apartment
    7171 Twin Oaks Drive, Indianapolis, IN 46226
    $619 - $929
    • Studio-3 Beds
    • 1-1.5 Baths
    (844) 813-9106
  • Apartment
    2390 Woodglen Drive, Indianapolis, IN 46260
    $485 - $595
    • Studio-2 Beds
    • 1-2 Baths
    (317) 872-8989
  • Apartment
    4959 Oakhurst Drive, Indianapolis, IN 46254
    $509 - $810
    • Studio-3 Beds
    • 1-2 Baths
    (317) 559-3836
  • Apartment
    8850 Riverbend Parkway, Indianapolis, IN 46250
    $665 - $1,976
    • 1-2 Beds
    • 1-2 Baths
    (877) 320-3361
  • Apartment
    1366 N Arlington Ave, Indianapolis, IN 46219
    $694 - $971
    • 2 Beds
    • 1-1.5 Baths
    (833) 532-1883
  • Apartment
    9515 Shoreland Lane, Indianapolis, IN 46229
    $529 - $809
    • 1-3 Beds
    • 1-3 Baths
    (317) 899-4061
  • Apartment
    1430 & 1420 Madison Ave., Indianapolis, IN 46225
    $680 - $1,215
    • 1-2 Beds
    • 1 Bath
    (317) 409-3913
  • Apartment
    2760 Cherry Glen Way, Indianapolis, IN 46227
    $549 - $884
    • Studio-2 Beds
    • 1-2 Baths
    (317) 559-3838
  • Apartment
    5301 S Turtle Creek Drive, Indianapolis, IN 46227
    See current rent specials
    $589 - $974
    • 1-3 Beds
    • 1-2 Baths
    (317) 333-6011
  • Apartment
    5810 Sebring Drive, Indianapolis, IN 46254
    $565 - $1,050
    • 1-3 Beds
    • 1-2 Baths
    (317) 820-2216
  • Apartment
    4800 North Post Road, Indianapolis, IN 46226
    $575 - $619
    • 1-2 Beds
    • 1 Bath
    (317) 898-3900
  • Apartment
    9201 East 30Th St., Indianapolis, IN 46229
    $640 - $930
    • 1-3 Beds
    • 1-2.5 Baths
    (513) 283-0431
  • Apartment
    5500 Pleasant Hill Circle, Indianapolis, IN 46224
    $596 - $1,020
    • 1-3 Beds
    • 1-2 Baths
    (833) 556-9435
  • Apartment
    3215 N Alton Ave, Indianapolis, IN 46222
    $640 - $1,169
    • 1-3 Beds
    • 1-2 Baths
    (833) 404-2027
  • Apartment
    4955 Red Horizon Blvd, Indianapolis, IN 46221
    $635 - $875
    • 1-4 Beds
    • 1-1.5 Baths
    (855) 736-8223

Popular Searches

Indianapolis, IN Demographics

  • Total Population853,431
  • Female 411,970
    Male 441,461
  • Median Age34.1

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, February 2019$848/mo

Indianapolis, IN Apartment Rent Ranges

  • < $5003%
  • $501-$70030%
  • $701-$1,00048%
  • $1,001-$1,50016%
  • $1,501-$2,0002%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Feb / 2019
Indianapolis, IN $759 $777 $787 $796 $807 $815 $819 $820 $848
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396
/

Average rent is projected to grow by 3% in 2018 compared to 2017.

Please note that projected rent growth is calculated at city level.

Average rent values on this page are aggregated from data from the following zip codes: 461074618346201462024620346204462054620846214462164621746218462194622046221462224622446225462264622746228462294623146234462354623646237462394624046241462504625446256462594626046268462784628046290

Check out the average rent prices in Indianapolis by neighborhood.

Indianapolis, IN Households

  • Total Number of Households333,316
  • Family 186,185
    Non-family 147,131
  • Children 97,007
    No Children 236,309
  • Average People Per Household2.51
  • Median Household Income$44,709
  • Median Housing Costs Per Month$879

Indianapolis, IN Education Statistics

  • No High School4%
  • Some High School38%
  • Some College24%
  • Associate Degree6%
  • Bachelor Degree18%
  • Graduate Degree9%

Renting apartments in Indianapolis, IN under $700

Are you looking for a smart space where you can easily combine comfort with convenience? You will surely find the property that perfectly fits your needs with this variety of options. RENTCafé offers you 267 apartments for rent in Indianapolis, IN from 50 modern buildings, so you’ll certainly find something suitable for you. If you want to live alone or with your partner, you might want to look for a studio or browse through our selection of 1 bedroom apartments. If you need more space but you don’t want to spend more than necessary on a monthly rent, check out our 2 bedroom or 3 bedroom apartments for less than $700, and make the most out of your budget.

Finding the best rental near you

Indianapolis, IN is an amazing place to call home, with several rentals under $700 for you to choose from. There are many options and filters you can apply to your search to make the process easier and to find your next apartment faster and more efficiently. Asking yourself ‘are there any cheap apartments near me’? With our helpful filters, you can easily find the home of your dreams that also fits within your budget. With rent prices as low as $452 in Indianapolis, IN, you can find affordable and appealing apartments that match your requirements. Sort your search by ‘Rent’ ascending to see the cheapest ones at the top of the list. As soon as you find your perfect apartment, make sure to contact the property to check for availability or apply online directly on RENTCafé.