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Apartments Under $700 in Indianapolis, IN

61 - 61 of 61 Results
$600
1 Bed House For Rent
2926 E 18Th St Indianapolis, IN
1 BR | Ask for Availability
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61 - 61 of 61 Results
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Frequently Asked Questions

How many apartments under $700 are available in Indianapolis, IN on Rentable.co?

There are 61 apartments under $700 in Indianapolis currently available for rent on Rentable.co.

How many studio apartments under $700 are available in Indianapolis?

Rentable.co has 131 studio apartments under $700 available for rent in Indianapolis.

How many one-bedroom apartments under $700 are available in Indianapolis?

Rentable.co has 926 one-bedroom apartments under $700 available for rent in Indianapolis.

How many two-bedroom apartments under $700 are available in Indianapolis?

Rentable.co has 1,050 two-bedroom apartments under $700 available for rent in Indianapolis.

Can I afford a apartment under $700 in Indianapolis, IN?

To comfortably afford a apartment under $700 in Indianapolis based on average rent prices, a household would need an annual income of $26,000.

Which neighborhoods have the most apartments under $700 for rent in Indianapolis, IN?

  1. Upper Canal
  2. Old Northside
  3. Downtown Indianapolis
  4. Herron Morton
  5. Fletcher Place

Apartments Under $700 in Indianapolis, IN: January Rental Information

Welcome to the January 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable's data scientists and rental experts delve into the January 2026 key findings and figures for apartments under $700 in Indianapolis.

Our experts analyze the inventory trends for affordable apartments — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Indianapolis and its surrounding areas. This summary also provides insight into the available features and amenities, as well as different location options for apartments under $700 in Indianapolis. Whether you're a student looking for a budget-friendly apartment or a professional seeking an affordable place to live, this report will help you navigate the Indianapolis rental market and find the best apartment to meet your needs.
0 20 40 60 80 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,130, with the majority falling between $730 and $1,590. Out of the 7,762 one-bedroom apartments currently on the market in Indianapolis, 511 are priced below $700, accounting for 7% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $700: Indianapolis vs. Surrounding Areas

Indianapolis, IN
70
The chart above provides an overview of the number of available apartments under $700 in Indianapolis, IN and the surrounding cities in the January 2026. The chart includes data for Westfield, Speedway, Whiteland, Cumberland, Avon, Danville, Plainfield, McCordsville, Meridian Hills, Brownsburg, Fishers, Carmel, Noblesville, Greenfield, Lawrence, Greenwood, Lebanon, Bargersville, Camby, Cicero, North Salem, Whitestown, Zionsville, Fortville, Ingalls, Hendricks, Beech Grove, Pittsboro, and New Palestine, showcasing the range of affordable housing options in the area. With a total inventory of 81 apartments, renters have plenty of choices when searching for budget-friendly rentals in the Indianapolis, IN metro area. So whether you're looking to live in the heart of the city or in one of its neighboring communities, there are many affordable options to explore.

Apartments Under $700 Now vs. Last Month: Indianapolis and Surrounding Areas

City Apartments Under $700 in January M/M % Change
Indianapolis, IN 71 +1.0%
Greenwood, IN 1 +0.83%
Westfield, IN 1 +1.0%
Noblesville, IN 1 +1.0%
Speedway, IN 1 +1.4%
Beech Grove, IN 0 +1.0%
North Salem, IN 0 +1.0%

Looking for Apartments Under $700 in Indianapolis?

Available apartments under $700 2,440
Top amenities Dishwasher, On Site Laundry, Refrigerator, Range / Oven, Pet Friendly Community
Deals 29
Pet friendly 125
Utilities included 17
Furnished 1
Studio 39
1 Bedroom 77
2 Bedroom 35

Where are Indianapolis Apartments Under $700?

Top Neighborhoods Upper canal, Old northside, Downtown indianapolis, Herron morton, Fletcher place
Upper Canal 3
Old Northside 2
Downtown Indianapolis 1
Herron Morton 1
Fletcher Place 1
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