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Apartments Under $1,200 in Indianapolis, IN

271 - 300 of 431 Results
1
$1,200
1355 N Tuxedo St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,200
861 N Drexel Ave
Indianapolis, IN
3 BR | Available Now
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1
$1,000
2239 E 34th St
Indianapolis, IN
1 BR | Available Now
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0
$995
Discover Your Perfect Home At Bellagio North Living I In Indianapolis
1240 W 73rd St Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$975
Two Bedroom Home Located On The Westside Near 30th And Mlk Street
1129 W 27th St Indianapolis, IN
2 BR | Available Now
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House
1
$1,150
4721 E 16th St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$750
098
2861 S Roena St Indianapolis, IN
1 BR | Available Now
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0
$1,095
Welcome Home To Bellagio South Living: Where Comfort Meets Convenience
2240 Ransdell St Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
0
$990
Devonshire Apartments Downtown Indianapolis
412 N Alabama St Unit 110 Indianapolis, IN
1 BR | Apr. 24, 2026
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Dog Friendly
Cat Friendly
Downtown Indianapolis
1
$1,200
2917 Boulevard Pl
Indianapolis, IN
3 BR | Feb. 20, 2026
Contact
1
$1,000
1468 W 32nd St
Indianapolis, IN
2 BR | Available Now
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1
$1,195
$625 Off First Month's Rent! 2-bed, 1-bath Single-family Home + Partially Finished Garage!
4414 Kingsley Dr Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$900
6108 Dickson Rd
Indianapolis, IN
2 BR | Available Now
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0
$1,095
Welcome Home To Bellagio South Living: Where Comfort Meets Convenience
2246 Ransdell St Indianapolis, IN
2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
Dishwasher
0
$1,195
Experience Luxury Living At Bellagio Living I: Modern Apartments In Lawrence, Indiana
9031 S Eldorado Dr Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
1
$950
6050 E Washington St
Indianapolis, IN
1 BR | Available Now
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0
$750
5819 E Washington Unit 11
Indianapolis, IN
Studio | Available Now
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0
$995
1133 S Richland Street - $995/mo.
1133 S Richland St Indianapolis, IN
2 BR | Available Now
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1
$1,000
6154 Commodore Dr
Indianapolis, IN
2 BR | Available Now
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0
$765
Lily | Studio
5148 Audrey Ave Indianapolis, IN
Studio | Mar. 9, 2026
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Dog Friendly
Cat Friendly
Dishwasher
0
$750
5819 E Washington Unit 14
Indianapolis, IN
1 BR | Available Now
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1
$1,150
2833 E Vermont - $1,150/mo.
2833 E Vermont St Indianapolis, IN
2 BR | Feb. 19, 2026
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,200
Welcome Home To 642 Congress Ave
642 Congress Ave Indianapolis, IN
2 BR | Available Now
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House
0
$920
Ivy W W/d | 1 Bedroom, 1 Bathroom
4945 Brock St Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$1,150
4225-27 Crittenden Avenue
4225 Crittenden Ave Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$995
Price Reduction: Now Showing This 2br, 1ba Home Located At 1017 Laurel St., Indianapolis, In
1017 Laurel St Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$990
Devonshire Apartments In Downtown Indianapolis
412 N Alabama St Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Downtown Indianapolis
0
$900 - 1,200
Villa Del Sol Apartments
3636 Mission Dr Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
2
$1,180
4437 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
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1
$1,150
2 Bedroom Indianapolis House!
1911 Wilcox St Indianapolis, IN
2 BR | Available Now
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271 - 300 of 431 Results
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Frequently Asked Questions

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

There are 431 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 669 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 5,363 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 6,132 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. Old Northside
  2. Herron Morton
  3. Downtown Indianapolis
  4. Upper Canal
  5. Mapelton

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

Welcome to the February 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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 $1,120, with the majority falling between $730 and $1,590. Out of the 7,896 one-bedroom apartments currently on the market in Indianapolis, 4,816 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
Plainfield, IN
Noblesville, IN
Beech Grove, IN
Lawrence, IN
434
8
7
7
5
4
4
4
4
In February 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 507 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 February M/M % Change
Indianapolis, IN 434 +0.97%
Greenwood, IN 8 +1.06%
Lebanon, IN 8 +1.02%
Speedway, IN 8 +0.93%
Brownsburg, IN 6 +1.06%
Plainfield, IN 5 +0.83%
Noblesville, IN 5 +1.04%
Beech Grove, IN 4 +1.0%
Lawrence, IN 4 +0.75%
Danville, IN 4 +0.9%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 12,671
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 104
Pet friendly 932
Utilities included 102
Furnished 59
Studio 104
1 Bedroom 499
2 Bedroom 476
Square footage 381 - 1,387

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Herron morton, Downtown indianapolis, Upper canal, Mapelton
Old Northside 12
Herron Morton 7
Downtown Indianapolis 6
Upper Canal 6
Mapelton 6
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