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

February 07, 2024

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When you’re moving into an apartment in Indianapolis for the first time, or if it’s been a bit since you changed residences, you could be pondering how much it will cost. You know you will need to pay rent, but what additional expenses should you keep in mind? Review the sorts of fees you’ll likely find and get a good 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

In addition to rent, you will doubtlessly be asked to pay a couple of additional fees prior to your move. Don’t be alarmed. It will all be worth it when you see the fantastic amenities like the exercise room, pool, and WiFi-enabled clubhouse. Even so, it’s wise to plan ahead of time and make certain you have enough money in the bank.

Security deposit: This expected fee is designed to make certain you abide by the conditions of your rental contract and could be used to cover damage outside of usual wear and tear. Note that security deposits can vary per property. Luckily, security deposits in Indianapolis are often refundable, subject to an evaluation of the apartment at the termination of your rental term.

Application fee: This is a non-repayable administrative fee to go toward background screening and processing fees to begin a new rental contract. Even though it won’t break the bank, you still need to be aware of it and understand that this fee could vary greatly.

Pet Fee: If you plan to have a four-legged friend, you’ll probably need to pay a pet fee, a recurring cost, or both. This reimburses the community if they need to switch out damaged objects like carpeting or doors.

Touch base with the apartment community to determine the exact amount you’ll need for the application and expenses for pets. The security deposit might not be determined until you apply.

Don’t Forget About Moving Expenses And Utilities

Kitchen and living room of open-concept apartment

If you’re moving for the first time, you might not have to fret about hauling a bunch of furnishings and other belongings. If that’s the case, renting a truck won’t break your bank. A local trip with a small truck in the 10-12 foot range might only set you back $20-30 per day. Naturally, the bigger the vehicle, the more it will cost. If you’re hiring labor only, expect to be billed $25 to $50 an hour or more, depending on the number of movers. Out-of-town moves utilizing moving firms can cost thousands of dollars.

Utility bills can vary widely, depending on providers and your usage. People you know in the Indianapolis region may be willing to share how much their utilities cost to assist you in budgeting. Be sure to inquire if anything is included in the rent. Your cable or internet provider may charge a set-up fee to move service to your new apartment. Call them to get the price when you’re calculating how much it costs to move into an apartment in Indianapolis.

Plan Your Move To Riverview Apartments Today!

If you’ve confirmed your budget, and you’re ready to find a wonderful community in Indianapolis, request a tour at Riverview Apartments. You’ll enjoy the luxury amenities, sizeable units, and the overall sense of community. Contact 317-751-4053 today for more information. Our leasing specialists are pleased to answer any questions in regards to deposits and fees.