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Apartments for Rent in Indianapolis, IN under $700

50 Rentals Available
Apartments for Rent in Indianapolis, IN under $700. 50 Rentals Available
  • a living room with a blue couch and a futon
    Today

    2148 Augusta Drive East, Indianapolis, IN 46224
    1 BED $697
  • a living room and dining room with a table and chairs and an open floor plan
    Today

    6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    1 BED $686+
    2 BEDS $689+
  • the living room of an apartment with a couch and a table
    Today

    5350 E. 21St St.,, Indianapolis, IN 46218
    1 BED $683+
    2 BEDS $685+
  • a living room with a couch and a coffee table
    Today

    7007 Courthouse Dr, Indianapolis, IN 46226
    STUDIO $697+
  • the living room and dining room of an apartment with a table and chairs
    Today

    3685 St. Thomas Blvd, Indianapolis, IN 46214
    1 BED $700+
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  • a living room with a couch and a table
    Today

    3749 Willowood Drive, Indianapolis, IN 46235
    STUDIO Ask for Pricing
  • a living room with a couch and a coffee table
    Today

    3417 N Rybolt Ave, Indianapolis, IN 46222
    STUDIO $689+
  • a living room with a couch and a coffee table
    Today

    3710 N Meridian St, Indianapolis, IN 46208
    STUDIO $700
  • a new apartment building on the corner of a street
    Today

    5620 East 30Th Street, Indianapolis, IN 46218
    1 BED $650
  • outline of a house icon isolated on a white
    Today

    615 & 19 Fairfield Avenue, Indianapolis, IN 46205
    STUDIO $100
  • a living room with a couch and a table and a large window
    Today

    3810 Cooper Square Court, Indianapolis, IN 46205
    1 BED $651
    2 BEDS $534+
    3 BEDS $598+
  • Interactive banner bedroom
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  • a kitchen with a stainless steel refrigerator and a sink
    Today

    3720 N Pennsylvania St, Indianapolis, IN 46205
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a small red house with a black roof
    Today

    1057 North Pershing Avenue, Indianapolis, IN 46222
    5 BEDS $647
  • a large brick building with a sidewalk in front of it
    Today

    3101 East 10Th Street, Indianapolis, IN 46201
    STUDIO $100+
    1 BED $545
    2 BEDS $625+
  • a building with a sign in front of it
    Today

    315 Koehne Street, Indianapolis, IN 46222
    1 BED $681+
    2 BEDS $626+
  • a new apartment building with cars parked in front of it
    Today

    17 South Oxford Street, Indianapolis, IN 46201
    1 BED $505+
    2 BEDS $575+
  • the door of a house with a note in the window
    Today

    1902 Wilcox Street, Indianapolis, IN 46222
    3 BEDS $700
  • a house with an flag in the window
    Today

    114 East Palmer Street, Indianapolis, IN 46225
    3 BEDS $500
  • a new apartment building with a do not enter sign in front of it
    Today

    19 N. Oxford St., Indianapolis, IN 46201
    1 BED $515+
  • a new apartment building on the corner of a street
    Today

    18 S. Parker Ave., Indianapolis, IN 46201
    2 BEDS $640
  • a living room with couches and chairs and a table
    Today

    1015 Vesper Pl, Indianapolis, IN 46203
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a living room with a couch and a coffee table
    Today

    6764 Lambert Street, Indianapolis, IN 46241
    Income Restricted
    2 BEDS Ask for Pricing
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Local Guides for Renters

Getting around in Indianapolis, IN

57 /100
Somewhat Walkable
46 /100
Some Transit
88 /100
Very Bikeable
Walk Score®: 57, Transit Score®: 46, Bike Score®: 88

Frequently asked questions

When were prices and availability in Indianapolis, IN last updated?

Prices and availability in Indianapolis, IN were last updated on 23 Feb 2026.

What are the best apartments in Indianapolis, IN?

The best apartments in Indianapolis, IN are: Monon Court, Managed by Buckingham Monon Living, Carlyle Court, Meridian Court South, The Retreat at Carmel and Monon 46.

What type of rental buildings are in Indianapolis, IN?

In Indianapolis, 45% of the residents are renting compared to 55% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Indianapolis's rentals, 61% are small-scale complexes with under 50 units, and 27% are single-family rentals.

Your search for apartments in Indianapolis, IN under $700 stops here

Finding apartments for rent in Indianapolis, IN for less than $700 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 50 available units in Indianapolis, IN, renting for under $700. On average, $767 can get you 951 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $700” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $700 in Indianapolis, IN goes for $500 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

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