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Apartments Under $1,200 in Indianapolis, IN

1 - 30 of 443 Results
35
3D Tour
$934 - 1,109
Lawrence Landing
4.4
6875 Faris Avenue Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
27
$1,079
Indianapolis - West
8045 Rockville Rd Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
100
$1,107 - 1,913
Edge 35
Deal
4.0
1224 Prospect St Indianapolis, IN
Studio | Dec. 24, 2025
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
In Unit Laundry
37
$1,049
Indianapolis - Lawrence
9515 Pendleton Pike Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Short-term
Air Conditioning
Covered Parking
32
$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
8
$1,081
Forty-Six Flats
2511 E 46th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Surface Parking
63
$949 - 1,029
PER
ROOM
The Avenue
930 W 10th St Indianapolis, IN
2 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
17
$1,089 - 1,154
Woodbrook
Deal
4.2
5302 Woodbrook Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
30
$1,144 - 1,925
Bayview Club Apartments
Deal
7545 Bayview Club Drive Indianapolis, IN
1 BR | Dec. 26, 2025
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Storage
44
$1,126 - 2,095
Artistry Indy
Deal
5.0
451 Emarket St Indianapolis, IN
Studio | Dec. 18, 2025
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Balcony/Deck/Patio
21
3D Tour
$320 - 370
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
19
3D Tour
$395 - 405
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
18
3D Tour
$375
PER
ROOM
Vibrant Indianapolis haven with retro charm and contemporary updates
Deal
6115 Redcoach Ln Indianapolis, IN
1 BR | Jan. 2, 2026
Contact
Heat Included
House
In Unit Laundry
22
3D Tour
$295 - 300
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
20
3D Tour
$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
$400
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
26
3D Tour
$1,050 - 1,748
Avery Point Apartments
8525 Laurel Valley Dr. Indianapolis, IN
1 BR | Available Now
Contact
Luxury
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
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
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
17
$1,050 - 1,195
6800 Brendan Way W Dr
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$849
5911 W 25th St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$1,150
2 Bedroom 1 Bath House
1091 Windermire St Indianapolis, IN
2 BR | Jan. 14, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$900 - 1,075
6933 Buckridge West Dr
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
1
$1,199
Residence On Penn
2801 S Pennsylvania St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,045
Guion Creek Apartments
4208 - 5988 W. 59th Street and Guion Road Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$929 - 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
1
$1,095
Emerton Place Townhomes
5010 5056 Emerton Pl Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$819 - 959
Harrison Point Apartments
9093 E Bourbon St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
51
$1,199 - 2,179
Pinnex
Deal
5.0
931 Fletcher Avenue Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
32
$1,072
The Meridian
2100 Westlane Rd Indianapolis, IN
Studio | Dec. 23, 2025
Contact
Fitness Center
Pool
1 - 30 of 443 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 443 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 619 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 5,483 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 6,060 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. Downtown Indianapolis
  4. Upper Canal
  5. Herron Morton

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

Welcome to the December 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 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 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 $1,100, with the majority falling between $730 and $1,640. Out of the 7,896 one-bedroom apartments currently on the market in Indianapolis, 4,822 are priced below $1,200, accounting for 61% 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
Brownsburg, IN
Noblesville, IN
Beech Grove, IN
Westfield, IN
Danville, IN
405
9
7
5
5
4
3
3
3
In December 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 519 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 December M/M % Change
Indianapolis, IN 406 +0.96%
Greenwood, IN 9 +1.1%
Lebanon, IN 8 +0.88%
Speedway, IN 6 +0.75%
Brownsburg, IN 6 +0.94%
Noblesville, IN 4 +1.0%
Beech Grove, IN 4 +0.84%
Westfield, IN 4 +1.0%
Danville, IN 3 +1.05%
Plainfield, IN 3 +0.75%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,276
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 138
Pet friendly 1,021
Utilities included 77
Furnished 38
Studio 113
1 Bedroom 581
2 Bedroom 493
Square footage 296 - 1,239

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, Downtown indianapolis, Upper canal, Herron morton
Old Northside 13
Mapelton 8
Downtown Indianapolis 6
Upper Canal 6
Herron Morton 5
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