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Apartments Under $1,200 in Indianapolis, IN

1 - 30 of 399 Results
101
$1,155 - 1,906
Edge 35
Deal
4.0
1224 Prospect St Indianapolis, IN
Studio | Jan. 15, 2027
Contact
Virtual Tour
Air Conditioning
In Unit Laundry
Fitness Center
Storage
25
$1,079
Indianapolis - Lawrence
Deal
9515 Pendleton Pike Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
25
$1,139
Indianapolis - West
Deal
8045 Rockville Rd Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
63
$924 - 1,174
PER
ROOM
The Avenue
940 W 10th St Indianapolis, IN
2 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
44
$962 - 2,228
Artistry Indy
Deal
5.0
451 Emarket St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
40
$1,005 - 1,185
Woodbrook
Deal
4.2
5302 Woodbrook Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
35
3D Tour
$934 - 1,129
Lawrence Landing
Deal
4.4
6875 Faris Avenue Indianapolis, IN
1 - 2 BR | Available Now
Contact
Virtual Tour
Luxury
Air Conditioning
Surface Parking
In Unit Laundry
22
3D Tour
$315
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
21
3D Tour
$300
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
20
3D Tour
$310 - 315
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
21
3D Tour
$300
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
12
$549 - 899
Covington Square Apartments
115 S. High School Rd. Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony/Deck/Patio
Dishwasher
21
$895
S Farnsworth St
Indianapolis, IN
1 BR | Ask for Availability
Contact
26
$925 - 1,150
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
8
$788
N Keystone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
11
$660
Maywood Rd
Indianapolis, IN
1 BR | Ask for Availability
Contact
2
$540 - 799
Capital Place Apartments
4100 Continental Ct Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Storage
7
$1,107 - 1,724
Aspen Pointe Apartments
5838 W Mooresville Rd Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
6
$1,099 - 2,080
333 Penn Apartments
333 N Pennsylvania St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Downtown Indianapolis
5
$963 - 1,651
Garden Pointe Apartments
5005 Lily Ln Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
1
$699 - 849
5911 W 25th St
Indianapolis, IN
Studio - 1 BR | Nov. 13, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$900 - 1,050
6933 Buckridge West Dr
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
8
$819 - 1,149
Harrison Point Apartments
9093 E Bourbon St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
26
$1,124
6800 Brendan Way W Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
17
$899
Charming 1 Bed 1 Bath Apartments In Historic Irvington Neighborhood
5901 E Washington St Apt 37 Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
1
$700 - 850
Pilgrim
1015 W 31St St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Storage
Dishwasher
1
$1,199 - 2,310
Penn Street Tower Apartments
115 N Pennsylvania St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
1
$1,099
Tucked Away 2 Bedroom
2648 E Bradbury Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,190
Beautifully Renovated Home
1825 E Legrande Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,145
Guion Creek Apartments
4208 - 5988 W. 59th Street and Guion Road Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1 - 30 of 399 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 399 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 466 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 3,178 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 3,566 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 $38,000.

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

  1. Woodruff Place
  2. Mapelton
  3. Herron Morton
  4. Old Northside
  5. Upper Canal

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

Welcome to the November 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2026 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 17 35 52 70 <$700 $740 $820 $900 $980 $1,060 $1,140 $1,220 $1,300 $1,380 $1,460 $1,540 >$1,620
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,000, with the majority falling between $700 and $1,630. Out of the 6,105 one-bedroom apartments currently on the market in Indianapolis, 2,691 are priced below $1,200, accounting for 44% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Greenwood, IN
Speedway, IN
Beech Grove, IN
Lebanon, IN
Brownsburg, IN
Danville, IN
Noblesville, IN
Greenfield, IN
377
10
6
5
5
4
4
3
3
In November 2026, 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 439 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 November M/M % Change
Indianapolis, IN 377 +0.99%
Greenwood, IN 11 +0.74%
Speedway, IN 6 +1.06%
Beech Grove, IN 5 +0.92%
Lebanon, IN 5 +0.96%
Brownsburg, IN 5 +1.0%
Danville, IN 4 +1.04%
Noblesville, IN 4 +1.1%
Greenfield, IN 4 +0.36%
Carmel, IN 3 +1.0%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 7,771
Top amenities Dishwasher, On Site Laundry, Refrigerator, Range / Oven, High Speed Internet
Deals 90
Pet friendly 631
Utilities included 48
Furnished 31
Studio 108
1 Bedroom 426
2 Bedroom 355
Square footage 198 - 1,252

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Woodruff place, Mapelton, Herron morton, Old northside, Upper canal
Woodruff Place 8
Mapelton 8
Herron Morton 7
Old Northside 7
Upper Canal 6
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