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Apartments Under $1,200 in Indianapolis, IN

1 - 30 of 387 Results
63
Edge 35 Apartment for rent in Indianapolis, IN
$1,045 - 2,063
Edge 35
Deal
4.0
1224 Prospect St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
22
Woodbrook Apartments Apartment for rent in Indianapolis, IN
$1,010 - 1,180
Woodbrook Apartments
Deal
4.2
5302 Woodbrook Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Fitness Center
30
Bayview Club Apartments Apartment for rent in Indianapolis, IN
$1,173 - 2,073
Bayview Club Apartments
Deal
7545 Bayview Club Drive Indianapolis, IN
1 BR | Available Now
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
60
The Avenue Apartment for rent in Indianapolis, IN
$989 - 1,049
PER
ROOM
The Avenue
930 W 10th St Indianapolis, IN
2 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
46
Artistry Indy Apartment for rent in Indianapolis, IN
$1,170 - 2,542
Artistry Indy
Deal
5.0
451 Emarket St Indianapolis, IN
Studio | Apr. 11, 2025
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
8
Forty-Six Flats Apartment for rent in Indianapolis, IN
$805 - 998
Forty-Six Flats
2511 E 46th St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Air Conditioning
27
Indianapolis - West Apartment for rent in Indianapolis, IN
$1,199
Indianapolis - West
8045 Rockville Rd Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
35
3D Tour
Lawrence Landing Apartment for rent in Indianapolis, IN
$949 - 1,149
Lawrence Landing
4.4
6875 Faris Avenue Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
32
Proctor Place Apartment for rent in Indianapolis, IN
$1,175 - 1,200
Proctor Place
240 N Warman Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Dishwasher
14
3D Tour
Tranquil Perry Township Home on a Quiet Cul-de-Sac Apartment for rent in Indianapolis, IN
$350 - 425
PER
ROOM
Tranquil Perry Township Home on a Quiet Cul-de-Sac
Deal
8109 Johnstown Ct Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
14
3D Tour
Goldenrod Drive Charmer with Large Backyard Oasis Apartment for rent in Indianapolis, IN
$400 - 410
PER
ROOM
Goldenrod Drive Charmer with Large Backyard Oasis
Deal
1252 Goldenrod Dr Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
11
3D Tour
Chic Indianapolis sanctuary with soaring ceilings and modern flair Apartment for rent in Indianapolis, IN
$395 - 575
PER
ROOM
Chic Indianapolis sanctuary with soaring ceilings and modern flair
Deal
8149 Trevellian Way Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
23
3D Tour
Charming Indianapolis Bungalow Near Garfield Park Apartment for rent in Indianapolis, IN
$425 - 430
PER
ROOM
Charming Indianapolis Bungalow Near Garfield Park
Deal
701 W Hanna Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
11
Vineyards Apartments Apartment for rent in Indianapolis, IN
$735 - 2,478
Vineyards Apartments
10101 E Montery RD Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
53
Fields Apartments Apartment for rent in Indianapolis, IN
$910 - 2,341
Fields Apartments
3215 N Alton Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
59
Hills Apartments Apartment for rent in Indianapolis, IN
$901 - 2,182
Hills Apartments
5500 Pleasant Hill Circle Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
39
Indianapolis - Castleton Apartment for rent in Indianapolis, IN
$1,139
Indianapolis - Castleton
7940 N Shadeland Ave Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
44
Cedars Apartments Apartment for rent in Indianapolis, IN
$727 - 2,272
Cedars Apartments
3417 N Rybolt Ave Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
12
3D Tour
$325 - 455
PER
ROOM
Eastwind Court Haven with Modern Updates & Space to Grow
Deal
3321 Eastwind Ct Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
13
3D Tour
$390 - 530
PER
ROOM
Indianapolis Classic with Vintage Charm and Modern Touches
Deal
1043 N Holmes Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
12
3D Tour
$411 - 550
PER
ROOM
Chic Indianapolis home with stylish upgrades and a serene backyard
Deal
5329 Hedgerow Dr Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
47
$857 - 2,048
Vistas Apartments
1366 N Arlington Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Storage
40
$777 - 1,742
Courts Apartments
4417 Linwood Ct Indianapolis, IN
2 BR | Apr. 8, 2025
Contact
Heat Included
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
8
3D Tour
$425 - 510
PER
ROOM
Zen-inspired Indianapolis home with lush landscaping and peaceful vibes
Deal
3712 Oil Creek Dr Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
37
$787 - 1,765
Meadows Apartments
5505 Scarlet Drive Indianapolis, IN
Studio - 1 BR | May. 1, 2025
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Storage
10
3D Tour
$435 - 475
PER
ROOM
Stylish Cruft Street Bungalow Near Fountain Square
Deal
1635 Cruft St Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
12
3D Tour
$425
PER
ROOM
Spacious Indianapolis Home Near Local Parks
Deal
281 N Warman Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
62
$696 - 2,011
Prairies Apartments
4555 N Arlington Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Covered Parking
Balcony/Deck/Patio
12
3D Tour
$285 - 380
PER
ROOM
Historic Charm Meets Modern Comfort
Deal
1531 N Downey Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
11
3D Tour
$375
PER
ROOM
Vibrant Indianapolis haven with retro charm and contemporary updates
Deal
6115 Redcoach Ln Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
1 - 30 of 387 Results
  1. Home
  2. Indianapolis
  3. Apartments Under $1,200
Frequently Asked Questions

How many apartments under $1,200 are available in Indianapolis, IN on Rentable.co?

There are 387 apartments under $1,200 in Indianapolis currently available for rent on Rentable.co.

How many studio apartments under $1,200 are available in Indianapolis?

Rentable.co has 975 studio apartments under $1,200 available for rent in Indianapolis.

How many one-bedroom apartments under $1,200 are available in Indianapolis?

Rentable.co has 5,245 one-bedroom apartments under $1,200 available for rent in Indianapolis.

How many two-bedroom apartments under $1,200 are available in Indianapolis?

Rentable.co has 5,610 two-bedroom apartments under $1,200 available for rent in Indianapolis.

Can I afford a apartment under $1,200 in Indianapolis, IN?

To comfortably afford a apartment under $1,200 in Indianapolis based on average rent prices, a household would need an annual income of $37,000.

Which neighborhoods have the most apartments under $1,200 for rent in Indianapolis, IN?

  1. Old Northside
  2. Downtown Indianapolis
  3. Upper Canal
  4. Herron Morton
  5. Mapelton

Apartments Under $1,200 in Indianapolis, IN: April Rental Information

Welcome to the April 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2025 key findings and figures for the Indianapolis rental landscape.

Our experts analyze the inventory trends for apartments under $1,200 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Indianapolis and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $1,200 in Indianapolis.

Prospective renters will find detailed information on the current rental market, allowing them to make informed decisions when searching for their next apartment in Indianapolis.
0 25 50 75 100 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 $1,620 $1,700 $1,780
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,150, with the majority falling between $730 and $1,840. Out of the 8,460 one-bedroom apartments currently on the market in Indianapolis, 4,828 are priced below $1,200, accounting for 57% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $1,200: Indianapolis vs. Surrounding Areas

Indianapolis, IN
Greenwood, IN
Lebanon, IN
Speedway, IN
Greenfield, IN
Brownsburg, IN
Beech Grove, IN
Carmel, IN
Plainfield, IN
497
11
8
8
4
4
4
4
3
In April 2025, there are a number of affordable apartments available in Indianapolis, IN and its surrounding cities. Those looking for a rental under $1,200 will find a variety of options in this metro area. Indianapolis itself offers a significant portion of the inventory, with 521 apartments available within this budget range. Additionally, there are apartments available under $1,200 in nearby Westfield, Speedway, Whiteland, Cumberland, Avon, Danville, Plainfield, McCordsville, Meridian Hills, Brownsburg, Fishers, Carmel, Noblesville, Greenfield, Lawrence, Greenwood, Lebanon, Bargersville, Camby, Cicero, North Salem, Whitestown, Zionsville, Fortville, Ingalls, Hendricks, Beech Grove, Pittsboro, and New Palestine. This provides prospective renters with convenient options to consider in their apartment search.

Apartments Under $1,200 Now vs. Last Month: Indianapolis and Surrounding Areas

City Apartments Under $1,200 in April M/M % Change
Indianapolis, IN 497 +0.97%
Greenwood, IN 12 +0.99%
Lebanon, IN 9 +0.89%
Speedway, IN 8 +1.24%
Greenfield, IN 5 +0.87%
Brownsburg, IN 5 +1.07%
Beech Grove, IN 4 +1.0%
Carmel, IN 4 +0.96%
Plainfield, IN 3 +1.05%
Noblesville, IN 3 +0.75%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 12,638
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 152
Pet friendly 1,029
Utilities included 105
Furnished 36
Studio 158
1 Bedroom 644
2 Bedroom 433
Square footage 160 - 1,200

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Downtown indianapolis, Upper canal, Herron morton, Mapelton
Old Northside 12
Downtown Indianapolis 6
Upper Canal 6
Herron Morton 5
Mapelton 5
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