Apartments for Rent in Indianapolis

Indianapolis, the capital of Indiana, is 372 square miles and home to nearly a million permanent residents. With many communities throughout the city, each with its own unique atmosphere and vibe, Indianapolis has a home for everyone.  Apartment living in Indianapolis can be very luxurious. Many apartment complexes have modern amenities including pools, exercise facilities, private balconies and social lounges all reserved for the exclusive use of tenants and their guests.  Some Indianapolis apartments even have water frontage and docks for kayaking and other water activities.

Working professionals and millennials seeking big city living will find downtown Indianapolis rentals convenient and affordable. They can walk to work, the theater and enjoy cultural tours that showcase local artists at the many museums and theaters throughout Indianapolis.  Prospective tenants moving to the area are encouraged to spend time getting to know the city.  Volunteering is a great way to support your new community as well as to make new friends.  Home to many universities and colleges as well as professional sports teams and acclaimed cultural events, Indianapolis is a dynamic city and a flourishing rental market.  From historic homes to urban lofts, those renting Indianapolis apartments are in for a wonderful experience and an exciting new chapter in their lives. 

The cost of living in Indianapolis is below the national average and considerably less expensive than other major cities in the United States.  Housing is especially affordable in Indianapolis and prospective tenants are encouraged to seek out cheap apartments in Indianapolis.  Tenants who budget wisely and do their research are sure to find many rentals in Indianapolis that meet their wish list for modern finishes and plenty of exciting features and amenities.

Those considering Indianapolis rentals are encouraged to keep the following renting tips in mind when searching for apartments for rent in Indianapolis.

Monthly Rental Budget

Apartment complexes look for renters who are able to budget 30 percent of their after-tax net income for rent. It is in your best interest to focus your rental efforts on apartments you can afford.  Set a budget and stick to it!  Remember to include the additional costs of utilities, parking, cable and internet into your budget as they need to be paid each month along with your rent and can get expensive, especially if not accounted for.  

Features and Amenities

Decide which apartment features and amenities are truly important to you and which are those that you could potentially live without.  Use the many filters on ApartmentLove.com to focus your Indianapolis apartment search on listings that have the amenities you desire most.  For instance, pet owners are advised to speak with landlords about their pet policies prior to submitting a formal offer to lease.  If you own a car, make sure to look for apartments for rent in Indianapolis that have dedicated parking spaces.

North Indianapolis Apartments

North Indianapolis is becoming increasingly attractive for millennials and young professionals seeking affordable apartments in close proximity to work.  The elegant Victorian mansions of the area, considered mostly frame homes, were divided into apartments in the mid-20th century and later renovated into more modern spaces today.

South Indianapolis Apartments

The Fountain Square area, where homes are large, has seen many families move in. Many artists use downtown lofts created from factories and warehouses on the eastern and southern edges of downtown Indianapolis making this an attractive rental market.  If considering a move to the South Indianapolis area, prospective tenants are encouraged to visit the area and spend some time getting familiar with life in the community before signing a lease for an apartment for rent in South Indianapolis.