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How to Decide on a Lease Length in Indianapolis

If you’re searching for a Indianapolis apartment, you have numerous questions to ponder. Where would you like to live? How much square footage do you need? What features are you looking for? And most importantly, what lease duration do you want?

Thankfully, it’s not difficult to decide lease length in Indianapolis by considering the pros and cons of short-term and long-term leases. Here is what you should know about these leasing options and how to decide which makes the most sense for you.

Indianapolis model living room

Does a Short-Term Lease Make Sense?

Having trouble committing to lengthier leases? A short lease might be better for you. These options are for six months or less. Short leases of one month are typically referred to as month-to-month leases, meaning they run out and have to be extended by a certain time each month.

Short-term lease options offer Indianapolis renters a temporary solution as you aren’t under contract for more than a few months. You could be interested in a short-term rental when in the middle of a significant life change like starting a job in another state. An additional situation you could require a short-term lease is when you have sold your residence but can’t move into your new one yet.

An important disadvantage to short leases is that they are likely to have a higher monthly rate. In addition, leases of six months or less are less prevalent, so you might end up in an apartment that isn’t the best option just to find the lease duration you require.

Short leases make sense for people who seek a temporary residence and have already started the process for securing a home or longer-lasting solution.

Indianapolis model kitchen

Do I Need a Long Lease?

Many people who are trying to decide on lease length in Indianapolis choose long-term contracts. These arrangements are usually between six months and a couple years and have a range of benefits.

Your rates are likely to be more budget friendly. Longer lease terms are also frequently available, so you have a greater chance of finding a place you like when you’re willing to sign long-term leases.

The main disadvantage to a long lease is the firm commitment. You signed the lease for a certain number of months. If your plans change, and you need to break your lease, you can expect to pay a hefty charge.

Indianapolis patio view

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

The best lease length for you fits your current housing needs as well as your housing demands in the future. Consider the ensuing questions to identify your needs and whether a temporary or more permanent lease makes sense for you:

  • How long do I expect to reside in my apartment?

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

  • Can I think of any reason why I may need to leave on little notice and cut the lease short?

  • If I need to break a long-term agreement, can I pay the extra costs?

  • Does a temporary rental make sense, or am I better off with a more permanent solution?

  • What are the chances I will find a month-to-month or short-term lease in Indianapolis?

  • Am I willing to live somewhere I don’t love just for the convenience of a short-term deal?

Find the Right Lease Length for You in Indianapolis

Whether you are looking for somewhere to stay while undergoing a major life event or a place to settle down and call home , The Waverley Apartments has the right lease for you. Arrange a meeting with one of our leasing specialists by dialing 317-800-7017 or by clicking the “schedule a tour” button.
The Waverley Apartments
140 Pope St. , Suite 1
IndianapolisIndiana 46202
Phone: 317-800-7017
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  • Tuesday  9:00 - 6:00
  • Wednesday  9:00 - 6:00
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  • Friday  9:00 - 6:00
  • Saturday  10:00 - 5:00
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Apartments Close to Indianapolis, IN
J.C. Hart is an equal housing opportunity provider.
The Waverley Apartments
The Waverley Apartments is a luxury apartment community located at S East St. and E Georgia St. in Indianapolis. by the J.C. Hart Company, The Waverley is committed to helping our Residents feel at home. We offer various floor plans and amenities to fit any lifestyle, and our Residents love living near downtown Indianapolis.
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