""
Please provide a location to search for

Apartments for Rent in Indianapolis, IN under $700 – 197 Rentals available

Filter
Sort
Save

  • 1927 N Broadway Street, Indianapolis, IN 46202
    Contact for Pricing
    • 2 Beds
    Last updated 21 Apr 2021

  • 4741 E Washington Street, Indianapolis, IN 46201
    $595 - $750
    • 1-2 Beds
    Last updated 21 Apr 2021

  • 3615 Sherman Forest Drive, Indianapolis, IN 46205
    $359 - $699
    • Studio-2 Beds
    Last updated 16 Feb 2021

  • (3)
    5620 East 30Th Street, Indianapolis, IN 46218
    $650
    • 1 Bed
    Last updated 21 Apr 2021

Indianapolis, IN Demographics

  • Total Population864,447
  • Female 416,893
    Male 447,554
  • Median Age34.2

Average Rent in Indianapolis, IN

  • Indianapolis, IN Average Rental Price, March 2021 $940 /mo

Indianapolis, IN Apartment Rent Ranges

  • $501-$70018%
  • $701-$1,00049%
  • $1,001-$1,50027%
  • $1,501-$2,0003%
  • > $2,0001%

Indianapolis, IN Rent Trends

Average Rent Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021
Indianapolis, IN $818 $820 $839 $850 $857 $875 $887 $905 $915 $933 $940
National $1,315 $1,346 $1,355 $1,359 $1,356 $1,391 $1,398 $1,400 $1,390 $1,395 $1,407
/

Check out the average rent prices in Indianapolis by neighborhood.

Indianapolis, IN Households

  • Total Number of Households338,208
  • Family 183,037
    Non-family 155,171
  • Children 93,309
    No Children 244,899
  • Average People Per Household2.51
  • Median Household Income$47,873
  • Median Housing Costs Per Month$923

Indianapolis, IN Education Statistics

  • No High School4%
  • Some High School37%
  • Some College23%
  • Associate Degree7%
  • Bachelor Degree19%
  • Graduate Degree9%

Apartments in Indianapolis, IN under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 238 apartments for rent in Indianapolis, IN on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $700

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in Indianapolis, IN is 859 Sq.Ft., but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!