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How to Decide on a Lease Length in Indianapolis

If you have started the search for a Indianapolis apartment, you have many decisions to make. Where do you wish to reside? How much space do you need? What are the basic amenities you need? And of course, what length of lease are you looking for?

Thankfully, it’s fairly simple to decide lease length in Indianapolis by thinking about the advantages and disadvantages of both short and long leases. Keep reading to learn about these different lease choices and how to determine which is best for you.

Indianapolis model living room

Is a Short Lease Best for Me?

Not sure you want to commit to a longer lease duration? A shorter agreement might be better for you. These leases have a duration of fewer than six months. Short-term rentals of 30 days are typically referred to as month-to-month contracts, since they expire and need to be extended each month.

Short-term lease options offer Indianapolis renters the most flexibility because you aren’t tied down for very long. You probably need a short lease like this when in the middle of a significant life change like beginning a new job in another state. One more circumstance you could require a short-term lease is when you already sold your house but the new one isn’t ready yet.

An important disadvantage to monthly or short-term arrangements is that they typically cost more. Additionally, leases of six months or less are more difficult to find, so you might end up in a location that isn’t ideal just to enjoy the lease terms you desire.

Leases between one to six months work best for Residents who know their living situation is temporary and have already started the process for securing a more permanent residence.

Indianapolis model kitchen

Should I Choose a Longer Lease?

A large percentage of apartment hunters trying to decide on lease length in Indianapolis go with long-term contracts. Long leases typically last between six months and a couple years and have many advantages.

Your rates are likely to be more budget friendly. Long leases are also frequently available, so you can expect to locate a location you like when you’re open to signing long-term leases.

The main disadvantage to longer terms is the inflexibility. You agreed to pay for a certain number of months. If your job or personal life changes abruptly, and you have to move out, you will probably need to pay a hefty charge.

Indianapolis patio view

How Do I Decide on the Best Lease Length for Me in Indianapolis?

The right lease term for you fits your current housing needs as well as your long-term expectations. You should answer these questions to identify your needs and whether a short lease or long lease is right for you:

  • How many months do I plan to live in my apartment?

  • What is the maximum rent I can pay for a shorter lease?

  • Is there any reason I might have to move suddenly and cut the lease short?

  • If I need to break a long-term agreement, can I afford the fees?

  • Does a temporary rental make sense, or am I looking for a place to settle down?

  • How hard will it be for me to find a temporary lease in Indianapolis?

  • Would I take something that isn’t my first choice in order to have the flexibility of a short lease?

Get the Best Lease Length for You in Indianapolis

Whether you are looking for a temporary rental while undergoing a major life event or a place to settle down and call home , Riverview Apartments has ideal lease options for you. Request a consultation with a friendly member of our team by dialing (317) 751-4053 or by clicking the “schedule a tour” button.
Riverview Apartments
460 N. White River Parkway West Drive
IndianapolisIndiana 46222
Phone: (317) 751-4053
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  • Friday  9:00 - 5:00
  • Saturday  10:00 - 5:00
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Apartments Close to Indianapolis, IN
J.C. Hart is an equal housing opportunity provider.
Riverview Apartments
Riverview Apartments is an apartment community located at 460 North White River Parkway in downtown Indianapolis. Riverview Apartments is owned by Riverview Partners, LLC which is a joint venture between Goodwill of Central and Southern Indiana and Strategic Capital Partners, LLC. The community is managed by the J.C. Hart Company. This partnership is dedicated to providing one-a-kind workforce housing in downtown Indianapolis.
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