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

February 07, 2024

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If 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 thinking about how much it will cost. You realize you will need to pay the first month of rent, but what extra costs should you consider? Check out the kinds of fees you’ll likely come across 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 be asked to pay various additional fees prior to your relocation. Don’t be alarmed. It will all be worth the cost when you see the incredible amenities like the outdoor pool, fitness center, and WiFi-equipped clubhouse. Even so, it’s wise to plan in advance and ensure you have enough money to cover the charges.

Security deposit: This common charge is required to ensure you follow the stipulations of your leasing agreement and might be used to pay for any damages beyond normal wear and tear. Keep in mind that security deposits may differ per community. Luckily, security deposits in Indianapolis are frequently repayable, pending an inspection of the apartment at the end of your lease.

Application fee: This is a non-repayable administrative fee to cover background screening and processing charges to start a new lease. While it won’t break the bank, you still need to account for it and realize that it may vary greatly.

Pet Fee: If you’re bringing a four-legged friend, you’ll most likely need to pay a pet fee, a month-to-month cost, or both. This compensates the community if they need to repair or replace damaged items like carpeting or doors.

Contact the apartment community to find out the exact amount you’ll need for the application and costs associated with pets. The security deposit might not be decided until you apply.

Don’t Forget About Moving Costs And Utility Bills

Kitchen and living room of open-concept apartment

If you’re moving out for the first time, you probably won’t have to be concerned about transporting a lot of furnishings and other items. If that’s the case, renting a truck or van won’t cost too much. A local move with a reasonably sized truck may only set you back $20-30 per day. Naturally, the longer the truck, the more you’ll pay. If you’re hiring labor, expect to pay $25 to $50 hourly or more, contingent on how many movers you request. Cross-country moves using moving firms can set you back thousands.

Utility costs will vary widely, contingent on the area and your usage. Friends or family in the Indianapolis area might be pleased to share how much their utility bills are to help you budget. Ensure you ask if anything is included in your rent. Your cable or internet providers may charge a set-up fee to switch service to your new apartment. Reach out to them to get the price when you’re calculating how much it costs to move into an apartment in Indianapolis.

Come Home To StoneBridge Luxury Apartment Homes Today!

If you’ve checked out your finances, and you’re ready to locate a great community in Indianapolis, arrange a tour at StoneBridge Luxury Apartment Homes. You’ll appreciate the upscale amenities, spacious options, and the undeniable sense of community. Dial 317-743-2959 today to get more info. Our leasing specialists are pleased to answer any questions regarding security deposits and fees.