Indianapolis, IN

7 Indianapolis Apartments Under $700 a Month

Evan Crosby

Indianapolis, IN. - Indianapolis is already one of the more affordable large cities for renters in the United States.

For example, the average rent for an apartment in the metro area is $1,145 a month. However, it's still easy for renters to find even less expensive housing options in the Indianapolis area.

In fact, the following apartment communities have units available for under $700 a month.

1. Indy Town Apartments - Indianapolis

Located in the city's Eastside neighborhood, the Indy Town Apartments have one-bedroom units starting at $687 a month.

Amenities include in-unit washer and dryer, a fitness center, high-speed internet access, and walk-in closets.

2. Yorktowne Farm Apartments - Greenwood

The Yorktowne Farm Apartments have one-bedroom units that start at just $655 a month.

Residents enjoy a swimming pool and fitness center, a clubhouse and ball courts, on-site laundry facilities, and decks/balconies.

3. El Dorado Apartments - Indianapolis

Occasionally, El Dorado Apartments have cozy one-bedroom units that rent for around $700 a month, depending on specials and leasing terms.

Community amenities include things like laundry facilities, a daycare, high-speed internet access, and a smoke-free living environment.

4. Stone Lake - Indianapolis

Located in the city's University Heights neighborhood, Stone Lake has one-bedroom apartments that start at $700 a month.

Amenities include a pool and clubhouse, a courtyard and picnic area, planned social activities, and waterfront views.

5. Country Club Apartments - Indianapolis

The Country Club Apartments have cozy studio units that rent for around $700 a month.

Community amenities include a bark park, WiFi lounge, a pool and sundeck, on-site maintenance and laundry facilities, and a picnic area.

6. Stanford Court - Speedway

One of the more affordable suburban apartment communities, Stanford Court, has one-bedroom units that rent for as low as $591 a month.

Residents enjoy a pool, laundry facilities, clubhouse, and high-speed internet access.

7. The Straford - Indianapolis

Back in the city, The Straford has studio apartments that start at $700 a month. And that includes major utilities.

Other perks a swimming pool and clubhouse, courtyard and volleyball court, on-site laundry facilities, and public transportation access.

Bonus: The Legend at Speedway - Speedway

Finally, The Legend at Speedway has one-bedroom units available for around $700 a month.

Community amenities include things like a swimming pool and clubhouse, on-site laundry facilities and maintenance, a fitness center and playground, extra storage space, and high-speed internet access.

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