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Apartments Under $1,200 in Indianapolis, IN

1 - 30 of 375 Results
35
3D Tour
$934 - 1,129
Lawrence Landing
Deal
4.4
6875 Faris Avenue Indianapolis, IN
1 - 2 BR | Jul. 10, 2026
Contact
Virtual Tour
Luxury
Air Conditioning
Surface Parking
In Unit Laundry
100
$1,119 - 1,873
Edge 35
Deal
4.0
1224 Prospect St Indianapolis, IN
Studio | Aug. 7, 2026
Contact
Virtual Tour
Air Conditioning
In Unit Laundry
Fitness Center
Storage
17
$880 - 1,200
Woodbrook
4.2
5302 Woodbrook Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
20
$866
Forty-Six Flats
2511 E 46th St Indianapolis, IN
1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Luxury
Income Restricted
Surface Parking
44
$1,153 - 2,929
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
63
$979 - 1,009
PER
ROOM
The Avenue
930 W 10th St Indianapolis, IN
2 - 4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Luxury
18
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
21
3D Tour
$355 - 390
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
$325
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
20
3D Tour
$370
PER
ROOM
Inviting urban haven with vintage charm and modern touches
Deal
1043 N Holmes Ave Indianapolis, IN
1 BR | Available Now
Contact
Heat Included
House
In Unit Laundry
21
3D Tour
$315 - 380
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
26
$925 - 1,150
Marten Court Apartments
3.4
7852 Marten Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
11
$775
Evison St
Indianapolis, IN
1 BR | Ask for Availability
Contact
8
$750
N Keystone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
9
$685
S Keystone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
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
$949
Charming 1 Bed 1 Bath Apartments In Historic Irvington Neighborhood
5901 E Washington St Apt 38 Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
1
$825 - 935
Llanhurst Apartments
3541 N Meridian St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
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
$1,176
Broad Ripple Flats
6026 N College Ave Indianapolis, IN
2 BR | Jan. 15, 2027
Contact
Dog Friendly
Cat Friendly
Disability Access
5
$875
Lincolnshire Apartments
6221 N College Ave Indianapolis, IN
Studio | Sep. 7, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
54
$985 - 1,175
Strawbridge Green
4649 Strawbridge St Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
8
$750 - 925
3726 N MERIDIAN STREET 3726 N MERIDIAN STREET
Indianapolis, IN
1 - 2 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
10
$1,099 - 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
75
$1,149 - 1,299
Riverchase Apartments
2730 River Chase Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
6
$799
15 S Webster Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
5
$700 - 810
Butler Place
5230 E Washington St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
63
$999 - 1,541
CityView on Meridian
Deal
3.4
3801 N. Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Fitness Center
47
$903 - 1,631
Bavarian Village Apartments
Deal
3001 Bavarian West Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Fitness Center
Dishwasher
1 - 30 of 375 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 375 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 662 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 5,740 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 6,339 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. Herron Morton
  3. Mapelton
  4. Downtown Indianapolis
  5. Upper Canal

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

Welcome to the June 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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 22 45 67 90 <$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 $1,060, with the majority falling between $710 and $1,570. Out of the 8,938 one-bedroom apartments currently on the market in Indianapolis, 5,086 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
Lebanon, IN
Greenwood, IN
Speedway, IN
Noblesville, IN
Brownsburg, IN
Plainfield, IN
Lawrence, IN
Carmel, IN
408
7
6
6
5
5
4
3
3
In June 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 416 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 June M/M % Change
Indianapolis, IN 409 +1.05%
Lebanon, IN 8 +1.08%
Greenwood, IN 7 +1.02%
Speedway, IN 6 +1.2%
Noblesville, IN 5 +0.89%
Brownsburg, IN 5 +1.0%
Plainfield, IN 5 +1.19%
Lawrence, IN 4 +1.12%
Carmel, IN 3 +1.0%
Westfield, IN 3 +1.0%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 12,926
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 87
Pet friendly 882
Utilities included 63
Furnished 40
Studio 98
1 Bedroom 539
2 Bedroom 476
Square footage 363 - 1,216

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Herron morton, Mapelton, Downtown indianapolis, Upper canal
Old Northside 9
Herron Morton 6
Mapelton 6
Downtown Indianapolis 5
Upper Canal 5
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