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How to Decide on a Lease Length in Indianapolis

When you’re looking for a Indianapolis apartment, you have numerous questions to ponder. In what area do you wish to live? How much square footage would you like? What are the basic amenities you need? And of course, what lease duration do you want?

Fortunately, it’s fairly simple to decide lease length in Indianapolis by considering the advantages and disadvantages of short and lengthier leases. Here is what you should know about these two types of leases and how to figure out which is right for you.

Indianapolis model living room

Does a Short-Term Lease Make Sense?

Are you hesitant to agree to a long lease? A shorter agreement will probably work for you. These options are for six months or less. Leasing agreements of one month are typically referred to as month-to-month leases, meaning they run out and must be extended every month.

Short-term lease options offer Indianapolis Residents the most flexibility because you aren’t tied down for more than a few months. You might want a short lease when faced with an important moment in your life like starting a job in another state. One more circumstance you could benefit from a short-term lease is when you already sold your previous home but can’t move into your new one yet.

An important disadvantage to shorter contracts is that they typically cost more. Additionally, short-term leases are less prevalent, so you might end up in a place that isn’t the best option just to enjoy the lease terms you desire.

Short leases are smart for Residents who know their living situation is temporary and have already started the process for securing long-term accommodations.

Indianapolis model kitchen

Should I Choose a Longer Lease?

Most apartment seekers trying to decide on lease length in Indianapolis go with a long lease. These options typically last between six months and a couple years and have many advantages.

Your monthly payments are usually more affordable. Long leases are also more commonplace, so you’re more likely to find a place you prefer when you’re willing to sign longer leases.

The primary downside to a long lease is the inflexibility. You are in agreement for a specified amount of time. If your job or personal life changes abruptly, and you have to move out, you can expect to be faced with a hefty charge.

Indianapolis patio view

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

The smartest lease option for you fits your current housing needs as well as your long-term expectations. Ask yourself the following questions to determine your needs and whether a short lease or long lease makes sense for you:

  • How many months do I expect to reside in my apartment?

  • How much can I afford for a few months?

  • Is there any reason I could need to move suddenly and break my lease?

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

  • Do I need a rental for a couple of months, or am I looking for a place to settle down?

  • 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 benefits of a shorter lease agreement?


Get the Best Lease Length for You in Indianapolis

Whether you need somewhere to stay while making an exciting change in your life or a spot you can live for a long time , Penrose on Mass Apartments has smart lease choices for you. Request a consultation with one of our leasing specialists by calling 317-661-4399 or by using the “schedule a tour” link.
Penrose on Mass Apartments
530 Massachusetts Ave.
IndianapolisIndiana 46204
Phone: 317-661-4399
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  • Tuesday  9:00 - 6:00
  • Wednesday  9:00 - 6:00
  • Thursday  9:00 - 6:00
  • Friday  9:00 - 6:00
  • Saturday  10:00 - 5:00
  • Sunday  CLOSED
Apartments Close to Indianapolis, IN
J.C. Hart is an equal housing opportunity provider.
Penrose on Mass Apartments
Penrose on Mass Apartments is a luxury apartment community located at Massachusetts Ave. and New Jersey Ave. in Indianapolis. Owned and operated by the J.C. Hart Company, we're dedicated to making a place our Residents can call home. We offer several different floor plans and amenities to fit any lifestyle, and our Residents love living near Mass Avenue.
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