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 you haven’t moved in a bit, you are likely wondering how much money you’ll need. You know you have to pay the first month of rent, but what extra expenses should you prepare for? Check out the sorts of fees you’ll probably find and get a good idea of how much it costs to move into an apartment in Indianapolis.

What Other Apartment Fees To Expect In Indianapolis?

Swimming pool with deck seating at apartment community

In addition to rent, you will doubtlessly encounter various other fees before moving in. Don’t be alarmed. When you see the terrfiic amenities like the outdoor pool, fitness center, and clubhouse, it will all be worth it. Nevertheless, it’s wise to plan ahead of time and make certain you have enough in the bank.

Security deposit: This expected charge is designed to make certain you adhere to the terms of your lease agreement and might be used to cover damages in excess of regular wear and tear. Note that security deposits will differ greatly. Luckily, security deposits in Indianapolis are often refundable, subject to a property inspection at the termination of your lease.

Application fee: This is a non-repayable administrative fee to go toward background checks and costs associated with starting a new lease. Although it’s generally not a substantial expense, you still need to budget for it and realize that this fee could vary greatly.

Pet Costs: If you plan to bring a four-legged friend, you’ll probably need to pay a one-time pet fee, a monthly charge, or both. This covers the property if they have to replace damaged objects like flooring or doors.

Reach out to the apartment community to find out what you’ll need to pay for your pet and application. The security deposit will often not be decided until you submit an application.

Remember Moving Expenses And Utility Bills

Kitchen and living room of open-concept apartment

If this is your first move, you probably won’t have to worry about transporting a lot of furniture and other possessions. If that’s your situation, renting a van or truck will be pretty cheap. A local move with a small truck might only set you back $20-30 per day. But as expected, the longer the truck, the more you will pay. If you’re getting help with labor, anticipate a bill of $25 to $50 per hour or more, based on how many movers you request. Out-of-town moves utilizing moving companies can cost thousands.

Utility expenses will vary widely, depending on your usage and the provider. Family or friends in the Indianapolis region might be willing to detail how much their utilities cost to help you budget. Make sure you ask if any utilities are included in the rent. Your internet or cable supplier may charge a fee to transfer service to your new place. Reach out to them to get the price as you’re calculating how much it costs to move into an apartment in Indianapolis.

Come Home To Penrose on Mass Apartments Today!

If you’ve confirmed your budget, and you’re eager to discover a splendid place to live in Indianapolis, arrange a tour at Penrose on Mass Apartments. You’ll enjoy the high-end amenities, roomy options, and the overall sense of community. Contact 317-661-4399 today to learn more. Our leasing agents are pleased to answer all of your questions about deposits and fees.