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Apartments Under $1,200 in Indianapolis, IN

271 - 300 of 373 Results
1
$800
Spacious 1 Bedroom Duplex
3461 Dequincy St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$715
5819 E Washington Unit 7
Indianapolis, IN
Studio | May. 31, 2026
Contact
1
$1,050
Spacious 2 Bedroom 1 Bath Home\
330 S Rural St Indianapolis, IN
2 BR | Jun. 12, 2026
Contact
Dog Friendly
Cat Friendly
House
0
$850
Warren Park 2 Bedroom Apartment
9134 E 10th St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
0
$850
Warren Park 2 Bedroom Apartment
9124 E 10th St Unit 3 Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
0
$725
Warren Park 1 Bedroom Apartment
9124 E 10th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
0
$750
Magnolias Living Studio Apartments
3330 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
1
$1,050
2 Bedroom Indianapolis House!
1911 Wilcox St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$875
Two Bedroom Home Located Near 16th And Brookside Parkway
1623 N Rural St Indianapolis, IN
2 BR | Available Now
Contact
House
1
$1,025
Bondmore Apartments
5960 E 42nd St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
3
$995
2633 S Randolph St Unit B
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
1
$1,180
4430 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$1,099
Newly Remodeled Westside 3 Bedroom Triplex Near Lafayette Rd And Tibbs Avenue
2365 N Goodlet Ave Indianapolis, IN
3 BR | Available Now
Contact
House
1
$775
2025-2027 Southeastern Ave
2025 Southeastern Ave Indianapolis, IN
1 BR | Available Now
Contact
1
$1,195
445-447 N Sherman
Indianapolis, IN
3 BR | Available Now
Contact
1
$1,100
A Newly Remodeled Single-family Home Offers 2 Bedrooms And 1 Bathroom!
3720 N Denny St Indianapolis, IN
2 BR | May. 21, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$1,000
1468 W 32nd St
Indianapolis, IN
2 BR | Available Now
Contact
0
$855
Live In Style Without Breaking The Bank At Magnolias Living Apartments Washer & Dryer In-unit
3330 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
19
$ Ask - 1,689
Country Lake Townhomes
2910 A White Knight Blvd Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Balcony/Deck/Patio
15
$811 - 1,115
Lake Camelot Apartments
6475 Excalibur Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
30
$1,150 - 1,158
Vue Luxury Apartments
718 E Georgia Street Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
61
$1,049 - 1,514
9 on Canal Apartments
335 West 9Th Street Indianapolis, IN
1 BR | Ask for Availability
Contact
Luxury
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
Dishwasher
11
$899 - 1,199
Brockton Apartments
5778 Brockton Drive Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
25
$873 - 1,423
Waterstone Place Apartments
2755 Merlin Lake Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
24
$745 - 1,185
Circle City Apartments
4.4
1321 N. Meridian St. Indianapolis, In 46202 Indianapolis, IN
Studio - 1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Townhome
Fitness Center
Dishwasher
7
$549 - 859
Estates At Crystal Bay
7136 East Crystal Bay Drive Indianapolis, IN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Townhome
Surface Parking
Balcony/Deck/Patio
12
$625 - 985
Berkley Commons Apartments
8201 Madison Ave Indianapois, IN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
38
$679 - 840
Arlington Green (Indy Town)
Deal
1.4
6046 E 21st Street, Suite 1b Management Office Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
44
$774 - 1,155
Retreat Northwest
1130 Racquet Club N Dr Indianapolis, IN
1 - 3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Fitness Center
Storage
29
$ Ask - 950
Duke Manor
311 S Lasalle St Santa Barbara, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
271 - 300 of 373 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 373 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 682 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 6,063 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. Herron Morton
  2. Old Northside
  3. Downtown Indianapolis
  4. Upper Canal
  5. Mapelton

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

Welcome to the May 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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 $1,100, with the majority falling between $730 and $1,580. Out of the 8,622 one-bedroom apartments currently on the market in Indianapolis, 4,722 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
Lebanon, IN
Speedway, IN
Greenwood, IN
Plainfield, IN
Brownsburg, IN
Noblesville, IN
Lawrence, IN
Danville, IN
429
8
7
7
6
5
4
4
3
In May 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 423 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 May M/M % Change
Indianapolis, IN 429 +1.03%
Lebanon, IN 8 +0.89%
Speedway, IN 8 +1.04%
Greenwood, IN 7 +1.09%
Plainfield, IN 6 +1.03%
Brownsburg, IN 5 +1.0%
Noblesville, IN 5 +0.92%
Lawrence, IN 4 +1.07%
Danville, IN 4 +1.09%
Carmel, IN 3 +0.95%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 12,752
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 106
Pet friendly 875
Utilities included 92
Furnished 55
Studio 109
1 Bedroom 530
2 Bedroom 470
Square footage 369 - 1,335

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Herron morton, Old northside, Downtown indianapolis, Upper canal, Mapelton
Herron Morton 11
Old Northside 8
Downtown Indianapolis 7
Upper Canal 6
Mapelton 6
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