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How Much Does It Cost To Move Into An Apartment In Indianapolis?

February 07, 2024
Exterior view of apartment building

If you’re renting an apartment in Indianapolis for the initial time, or if it’s been some time since you moved, you could be thinking about what the cost will be. You realize you have to pay rent, but what additional charges should you prepare for? Check out the sorts of fees you are likely to encounter and get a better idea of how much it costs to move into an apartment in Indianapolis.

What Fees Will You Pay The Apartment Community In Indianapolis?

Swimming pool with deck seating at apartment community 

Besides rent, you will likely face a couple of other fees before your relocation. Don’t worry. It will all be worth it when you see the fantastic amenities like the swimming pool, gym, and WiFi-enabled clubhouse. Nevertheless, it’s a good idea to plan ahead and make certain you have enough money saved.
  • Security deposit: This expected is intended to make sure you follow the terms of your rental contract and may be used to cover any damages outside of usual wear. Keep in mind that security deposits will differ per property. Fortunately, security deposits in Indianapolis are often repayable, pending an evaluation of the property at the termination of your lease.
  • Application fee: This is a non-reimbursable administrative fee to be used for background screening and processing fees to begin a new rental agreement. While it won’t break the bank, you still ought to be aware of it and understand that it can vary widely.
  • Pet Fee: If you plan to have a furry companion, you’ll most likely have to pay a pet fee, a month-to-month cost, or both. This compensates the community if they must repair or replace damaged objects like doors or carpeting.

Contact the apartment community to know exactly how much you’ll need for the application and charges for pets. The security deposit may not be set until your application is submitted.

Consider Your Moving Costs And Utility Bills

Kitchen and living room of open-concept apartment 

If you’re relocating for the first time, you might not have to worry about loading an abundance of furnishings and other possessions. If so, renting a van or truck won’t cost too much. A local rental with a smaller truck under 20 feet might only set you back $20-30 per day. Naturally, the longer the truck, the more you’ll pay. If you’re getting help with labor, expect to pay $25 to $50 per hour or more, based on the number of movers. Long-distance moves utilizing moving firms can cost thousands.

Utility expenses will vary dramatically, based on your usage and the provider. People you know in the Indianapolis region may be happy to share how much their utility expenses are to assist you in budgeting. Ensure you find out if any utilities are included in your rent payment. Your internet or cable provider could charge a set-up fee to switch service to your new home. Contact them to get the price when you’re assessing how much it costs to move into an apartment in Indianapolis.

Plan Your Move To Block 20 Today!

If you’ve confirmed your budget, and you’re excited to discover a great apartment in Indianapolis, schedule a tour at Block 20. You’ll enjoy the luxury amenities, spacious floor plans, and the unmistakable sense of community. Contact 463-777-2762 today to learn more. Our leasing specialists are pleased to answer any questions regarding security deposits and fees.