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Apartments Under $1,200 in Indianapolis, IN

1 - 30 of 398 Results
20
$866 - 1,073
Forty-Six Flats
2511 E 46th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Surface Parking
17
$890 - 1,185
Woodbrook
4.2
5302 Woodbrook Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
100
$1,093 - 1,811
Edge 35
Deal
4.0
1224 Prospect St Indianapolis, IN
Studio | Available Now
Contact
Virtual Tour
Air Conditioning
In Unit Laundry
Fitness Center
Storage
25
$1,079
Indianapolis - Lawrence
9515 Pendleton Pike Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
63
$979
PER
ROOM
The Avenue
940 W 10th St Indianapolis, IN
4 BR | Aug. 19, 2026
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
35
3D Tour
$934 - 1,129
Lawrence Landing
4.4
6875 Faris Avenue Indianapolis, IN
1 - 2 BR | Available Now
Contact
Virtual Tour
Luxury
Air Conditioning
Surface Parking
In Unit Laundry
18
3D Tour
$345
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
20
3D Tour
$310 - 435
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
$295 - 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
21
3D Tour
$300 - 360
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
22
3D Tour
$375 - 470
PER
ROOM
Charming Indianapolis home close to Fort Harrison State Park and trails
Deal
8027 N Richardt Ave 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
26
$925 - 1,060
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
9
$737
S Keystone Ave
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
10
$1,150 - 1,199
Park Place Apartments
1349 Saddlebrook Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
26
$1,050 - 1,099
6800 Brendan Way W Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
1
$1,199
Spacious 3 Bedroom Home On Indy's West Side!
1342 Lee St Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
1
$830 - 1,100
6933 Buckridge West Dr
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
1
$849
5911 W 25th St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
8
$819 - 1,149
Harrison Point Apartments
9093 E Bourbon St Indianapolis, IN
Studio - 2 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
1
$1,050
2301-2303 Fairfax Rd
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,075
3244-3246 Mooresville Rd
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$850 - 1,150
English Village Apartments
545 English Village Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
5
$950
Woodruff Place
940 Woodruff Place Middle Dr Indianapolis, IN
1 BR | Sep. 14, 2026
Contact
Dog Friendly
Cat Friendly
Woodruff Place
47
$771 - 1,604
Bavarian Village Apartments
Deal
3001 Bavarian West Dr Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Fitness Center
Dishwasher
29
$799 - 999
Windmill
10251-10705 Us Hwy Indianapolis, IN
Studio - 1 BR | Aug. 14, 2026
Contact
Air Conditioning
Surface Parking
46
$848 - 1,379
Waterstone Place Apartments
2755 Merlin Lake Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
25
$458 - 916
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Income Restricted
Fitness Center
Dishwasher
8
$755 - 875
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
1 - 2 BR | Sep. 18, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1 - 30 of 398 Results
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  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 398 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 571 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 5,185 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 6,202 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. Mapelton
  3. West Indianapolis
  4. Herron Morton
  5. Downtown Indianapolis

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

Welcome to the August 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,000, with the majority falling between $700 and $1,530. Out of the 8,573 one-bedroom apartments currently on the market in Indianapolis, 4,745 are priced below $1,200, accounting for 55% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Greenwood, IN
Brownsburg, IN
Lebanon, IN
Speedway, IN
Danville, IN
Noblesville, IN
Plainfield, IN
Westfield, IN
373
7
5
4
4
3
3
3
3
In August 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 441 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 August M/M % Change
Indianapolis, IN 373 +1.04%
Greenwood, IN 7 +0.93%
Brownsburg, IN 5 +1.0%
Lebanon, IN 5 +1.24%
Speedway, IN 5 +1.0%
Danville, IN 4 +0.84%
Noblesville, IN 4 +1.19%
Plainfield, IN 3 +1.2%
Westfield, IN 3 +0.94%
Beech Grove, IN 3 +0.88%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,129
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 124
Pet friendly 885
Utilities included 65
Furnished 32
Studio 136
1 Bedroom 576
2 Bedroom 490
Square footage 344 - 1,225

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, West indianapolis, Herron morton, Downtown indianapolis
Old Northside 9
Mapelton 8
West Indianapolis 8
Herron Morton 7
Downtown Indianapolis 4
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