Oftentimes, buying or selling a home is all about timing. It feels as if the stars need to align so that everything fits into the perfect picture. Selling a home before moving into a new one can create a tricky transition period, especially if you’re waiting on new construction or finalizing a home purchase. If you don’t have family to help you through this transitional period, many homeowners might find temporary housing is the best fit for a few weeks or even months.
If you’re in this situation, here are some short-term rental options in Marion and Hamilton County, Indiana, along with insights on how they can help save money during your transition.
Cost Savings of a Short-Term Rental vs. Staying in Your Current Home
While moving into a short-term rental may seem like an added expense, it can actually save you money compared to staying in your previous home or delaying a move. Here’s how:
- Avoiding Double Mortgage Payments – If you’ve already sold your home, moving into a short-term rental prevents you from paying two mortgages at once.
- Lower Utility Costs – Short-term rentals (especially apartments and extended-stay hotels) often include utilities in the price, reducing monthly expenses. And, generally, the square footage of these options is smaller than your home, so even if you are paying the utilities, you will find that this expense will be less.
- No Maintenance or Upkeep Costs – Staying in a rental means you don’t have to worry about repairs, lawn care, or home maintenance while waiting for your new home to be ready. This makes sense because you will have enough to manage with addressing issues related to the new address.
- Flexible Lease Options – Many short-term rentals offer month-to-month leases, so you’re not locked into a long-term financial commitment.
Extended-Stay Hotels
For those who need flexibility and convenience, extended-stay hotels offer fully furnished rooms, kitchenettes, and included utilities. Some options in Indianapolis and Hamilton County include:
- TownePlace Suites by Marriott (Carmel & Keystone) – Offers full kitchens and long-term stay discounts.
- Staybridge Suites (Downtown Indy & Fishers) – Includes free breakfast and pet-friendly rooms.
- Home2 Suites by Hilton (Noblesville & Castleton) – A good option for families needing extra space.
Many extended-stay hotels offer weekly or monthly rates, which can be more cost-effective than a traditional hotel.
Short-Term Apartment Leases
If you need more space than a hotel but don’t want a full house, renting an apartment with a short-term lease can be a great compromise. Some options in Indianapolis, Carmel, and Fishers include:
- Corporate Housing Solutions (Indianapolis & Carmel) – Fully furnished short-term apartments.
- AVIA Lofts (Carmel) – Offers flexible leasing options with modern amenities.
- Lakeside Apartments (Noblesville) – Pet-friendly with month-to-month leasing.
Since apartments often include utilities and maintenance, they can be cheaper than staying in a home while you wait for new construction. One thing to consider is access to amenities like schools. If you have children in school, you might want to select something convenient to either catch the bus or is easy for you to drop off if navigating work. Public schools might also be a good resource if you have questions about this.
Airbnb & Vacation Rentals
For a home-like feel without a long-term lease, Indianapolis Airbnb rentals are a great option. Whether you need a fully furnished house or a private apartment, you’ll find plenty of listings in Marion and Hamilton County.
- Downtown Indianapolis Lofts – Perfect for professionals or couples.
- Carmel & Fishers Townhomes – Offer more space for families.
- Westfield & Noblesville Homes – Quiet, suburban settings near parks and schools.
Tip: Many Airbnb hosts offer discounts for extended stays, making this a budget-friendly choice.
Corporate Housing & Furnished Rentals
If you prefer a move-in-ready home, corporate housing providers offer fully furnished, all-inclusive rentals.
- Blu Corporate Housing (Indianapolis & Carmel) – High-end furnished rental options.
- Synergy Suites (Fishers & Noblesville) – Includes flexible lease terms and utilities.
These options provide the comfort of home without the added costs of furnishing a temporary space.
Renting a Home Month-to-Month
Some private landlords offer month-to-month home rentals, which can be cheaper than a long-term lease. Check:
- Facebook Marketplace & Craigslist – Private home rentals with short leases.
- Local Property Management Companies – Some offer temporary leasing options.
- Zillow & Apartments.com – Use search filters for “short-term” rentals.
Final Thoughts
If you find yourself in-between homes, short-term rentals can reduce financial strain while you wait for your new home to be ready. Whether you choose an extended-stay hotel, short-term apartment lease, or an Indianapolis Airbnb, the Yosha Snyder Group wants you to know that you have options and can help guide you through this temporary phase. With careful planning, the willingness for a bit of an adventure, and the tenacity to make an adjustment in your current arrangements will all help you save money and minimize stress.