Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Indianapolis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $1,200 in Indianapolis, IN

271 - 300 of 382 Results
1
$1,146
Oak Lake At Crooked Creek
3855 Oak Lake Cir Indianapolis, IN
1 BR | Available Now
Contact
1
$995 - 1,200
3454 N Pennsylvania St
Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
Mapelton
1
$1,125
Beautiful Culdesac Community********** Beech Grove Neighborhood*********rent $1,125/mo
6010 Castleford Dr Indianapolis, IN
1 BR | Oct. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$995
Butler-tarkington 2 Bed 1 Bath With Central Air
119 W 39th St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$995
Welcome Home To Bellagio South Living: Where Comfort Meets Convenience
2246 Ransdell St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,200
2814 E Michigan St
Indianapolis, IN
2 BR | Available Now
Contact
0
$1,000
Ivy Remodel | 1 Bedroom, 1 Bathroom
4945 Brock St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$855
Live In Style Without Breaking The Bank At Magnolias Living Apartments Washer & Dryer In-unit
3340 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
1
$1,000
Charming 2-story Half-double With 2 Car Garage & Large Yard!
1814 Calvin St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$775
Spacious One Bedroom Duplex Near E. Michigan And Emerson
4310 E Michigan St Indianapolis, IN
1 BR | Available Now
Contact
House
1
$1,050
Charming Home In A Prime Indianapolis Location
4006 Millersville Dr Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$715
5819 E Washington Street Unit 8
5819 E Washington Unit 8 Indianapolis, IN
Studio | Available Now
Contact
Dishwasher
1
$1,025
Bondmore Apartments
5960 E 42nd St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$1,095
Welcome Home To Bellagio South Living: Where Comfort Meets Convenience
2242 Ransdell St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$1,175
2 Bedroom 1 Bathroom | Lilac
4964 Brock St Indianapolis, IN
2 BR | Nov. 7, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,200
810 N Dearborn St
Indianapolis, IN
3 BR | Available Now
Contact
1
$999
35 N Bradley
Indianapolis, IN
2 BR | Available Now
Contact
House
0
$995
4446 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$900
West Side Efficiency Apartment
2013 Miller St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
1
$975
Westside Two Bedroom Home Located Near 16th And Concord
1415 N Concord St Indianapolis, IN
2 BR | Available Now
Contact
House
1
$700
4724 & 4726 E 34th St
Indianapolis, IN
1 BR | Available Now
Contact
1
$1,000
1468 W 32nd St
Indianapolis, IN
2 BR | Available Now
Contact
2
$1,100
918 E Pleasant Run Parkway North Dr
Indianapolis, IN
2 BR | Available Now
Contact
Air Conditioning
1
$950
3950 Bluff RD
Indianapolis, IN
1 BR | Ask for Availability
Contact
0
$995
4545 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$805 - 820
Campbell Apartments Near Downtown Available Now!
Campbell Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$900
Cozy & Updated 1 Bedroom | 1 Bathroom Efficiency Apartment
2015 Miller St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
1
$975
1122-1124 S Sheffield
1122 S Sheffield Ave Indianapolis, IN
2 BR | Available Now
Contact
West Indianapolis
1
$800 - 1,150
Perkins Apartments
2345 Perkins Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$870 - 1,995
Pine Glen
4259 Burkhart Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
271 - 300 of 382 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 382 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 486 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 3,421 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 3,924 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. West Indianapolis
  3. Martindale
  4. Herron Morton
  5. Mapelton

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

Welcome to the September 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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 12 25 37 50 <$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 $680 and $1,590. Out of the 6,253 one-bedroom apartments currently on the market in Indianapolis, 2,885 are priced below $1,200, accounting for 46% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Greenwood, IN
Speedway, IN
Lebanon, IN
Brownsburg, IN
Danville, IN
Beech Grove, IN
Noblesville, IN
Westfield, IN
371
7
5
5
4
4
4
3
3
In September 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 434 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 September M/M % Change
Indianapolis, IN 371 +1.01%
Greenwood, IN 8 +0.93%
Speedway, IN 6 +0.79%
Lebanon, IN 5 +0.97%
Brownsburg, IN 5 +1.03%
Danville, IN 4 +0.82%
Beech Grove, IN 4 +0.61%
Noblesville, IN 4 +1.05%
Westfield, IN 3 +1.0%
Carmel, IN 3 +1.0%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 9,154
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 78
Pet friendly 710
Utilities included 61
Furnished 30
Studio 128
1 Bedroom 467
2 Bedroom 422
Square footage 345 - 1,215

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, West indianapolis, Martindale, Herron morton, Mapelton
Old Northside 10
West Indianapolis 9
Martindale 8
Herron Morton 7
Mapelton 7
Browse Indianapolis Apartments
Indianapolis Apartments by Neighborhood
Indianapolis Apartments by Bedrooms
Indianapolis Apartments by Affordability
Indianapolis Apartments with Amenities
Indianapolis Apartments by Type
Colleges Near Indianapolis
Indianapolis Apartments by Zip Code