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

February 07, 2024

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When you’re leasing an apartment in Indianapolis for the first time, or if it’s been some time since you relocated, you may be thinking about what the cost will be. You know you have to pay the first month of rent, but what additional charges should you keep in mind? Explore the kinds of fees you’ll likely 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 encounter some other fees before your relocation. Don’t be alarmed. It will all be worthwhile when you get to use the amazing amenities like the outdoor pool, fitness center, and nicely furnished clubhouse. Regardless, it’s wise to plan ahead of time and make sure you have enough in the bank.

Security deposit: This common is designed to make certain you follow the stipulations of your rental contract and could be used to pay for damage beyond regular usage. Keep in mind that security deposits will vary per community. Luckily, security deposits in Indianapolis are often repayable, pending an inspection of the unit at the conclusion of your rental agreement.

Application fee: This is a non-repayable administrative fee to go toward background checks and processing fees to initiate a new rental agreement. Even though it won’t break the bank, you still need to account for it and realize that it may vary significantly.

Pet Costs: If you plan to have a four-legged companion, you’ll probably need to pay an initial pet fee, a month-to-month cost, or both. This compensates the community if they must repair or replace damaged elements like flooring or doors.

Touch base with the apartment community to determine exactly how much you’ll need for the application fee and expenses for pets. The security deposit may not be decided until you submit an application.

Don’t Forget About Moving Costs And Utilities

Kitchen and living room of open-concept apartment

If you’re moving for the first time, you might not have to be concerned about transporting a bunch of furnishings and other possessions. If that’s the case, renting a truck or van will be pretty cheap. A local trip with a small truck in the 10-12 foot range could only cost $20-30 daily. Of course, the larger the vehicle, the more you will pay. If you’re getting help with labor, expect to be charged $25 to $50 per hour or more, based on how many movers you request. Out-of-town moves utilizing moving firms can set you back thousands of dollars.

Utility costs can vary greatly, based on your usage and the provider. Family or friends in the Indianapolis region might be pleased to detail how much their utility bills are to assist you in budgeting. Be sure to ask if any utilities are included in your rent payment. Your internet or cable provider might charge a fee to switch service to your new place. Call them to determine the price when you’re assessing how much it costs to move into an apartment in Indianapolis.

Come Home To The Waverley Apartments Today!

If your budget is set, and you’re excited to discover a splendid community in Indianapolis, arrange a tour at The Waverley Apartments. You’ll love the high-end amenities, roomy units, and the undeniable sense of community. Contact 317-800-7017 today to learn more. Our leasing representatives are pleased to answer all of your questions about deposits and fees.