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Apartments Under $1,200 in Indianapolis, IN

271 - 300 of 398 Results
1
$800
Perkins Apartments
2345 Perkins Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$1,150
Remington On Rockville Living
7309 Rockleigh Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,200
225 E 62nd St
Unit 225 Indianapolis, IN
1 BR | Available Now
Contact
0
$870 - 2,017
Pine Glen
4259 Burkhart Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
1
$1,100
1509 - 1511 N Chester Avenue
Indianapolis, IN
2 BR | Available Now
Contact
1
$1,100
1020 N Ewing
Indianapolis, IN
2 BR | Available Now
Contact
House
1
$1,199
1117 - 1119 N Dearborn St
Indianapolis, IN
3 BR | Available Now
Contact
0
$799 - 1,427
Garfield Park Village
360 Sandra Ln Indianapolis, IN
1 - 2 BR | Available Now
Contact
0
$995
4429 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$995
4445 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
2
$1,180
4437 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$850
1 Bedroom, 1 Bathroom Duplex Apartment
4804 E 34th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$995
Ivy Remodel | 1 Bedroom, 1 Bathroom
5078 Audrey Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,175
South Fountain Square 2 Bed 1.5 Bath
2217 Terrace Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$800
Spacious One Bedroom Duplex Near E. Michigan And Emerson
4312 E Michigan St Indianapolis, IN
1 BR | Available Now
Contact
House
0
$995
4503 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
0
$995
4546 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
3
$825 - 1,200
8917 Duxbury RD
Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
Air Conditioning
Dishwasher
0
$900
New Listing! 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
0
$900
Cozy & Updated 1 Bedroom | 1 Bathroom Efficiency Apartment
2013 Miller St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
1
$899
Studio Duplex Located On The Westside Near 10th St And White River Pkway Dr
765 N Belleview Pl Insianapolis, IN
1 BR | Available Now
Contact
House
0
$715
5819 E Washington Unit 7
Indianapolis, IN
Studio | Available Now
Contact
1
$1,089 - 1,146
Oak Lake At Crooked Creek
3855 Oak Lake Cir Indianapolis, IN
1 BR | Available Now
Contact
1
$1,200
2814 E Michigan St
Indianapolis, IN
2 BR | Available Now
Contact
0
$750
Magnolias Living Studio Apartments
3330 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
1
$950
6015 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$800
Coming Soon: 1 Bedroom / 1 Bath Located At 419 S Arlington Ave. In Indianapolis.
419 S Arlington Ave Indianapolis, IN
1 BR | Available Now
Contact
House
1
$800
Spacious One Bedroom Duplex Near E. Michigan And Emerson
4310 E Michigan St Indianapolis, IN
1 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
1
$799
1515-1517 E Michigan St
Indianapolis, IN
1 BR | Available Now
Contact
Woodruff Place
271 - 300 of 398 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 398 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 573 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 5,225 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 6,314 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. West Indianapolis
  4. Herron Morton
  5. Downtown Indianapolis

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

Welcome to the August 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 17 35 52 70 <$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 $1,010, with the majority falling between $720 and $1,520. Out of the 8,533 one-bedroom apartments currently on the market in Indianapolis, 4,745 are priced below $1,200, accounting for 56% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Greenwood, IN
Brownsburg, IN
Lebanon, IN
Speedway, IN
Danville, IN
Noblesville, IN
Plainfield, IN
Westfield, IN
373
7
5
4
4
3
3
3
3
In August 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 441 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 August M/M % Change
Indianapolis, IN 373 +1.04%
Greenwood, IN 7 +0.93%
Brownsburg, IN 5 +1.0%
Lebanon, IN 5 +1.24%
Speedway, IN 5 +1.0%
Danville, IN 4 +0.84%
Noblesville, IN 4 +1.19%
Plainfield, IN 3 +1.2%
Westfield, IN 3 +0.94%
Beech Grove, IN 3 +0.88%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,129
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 124
Pet friendly 885
Utilities included 65
Furnished 32
Studio 136
1 Bedroom 576
2 Bedroom 490
Square footage 344 - 1,225

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, West indianapolis, Herron morton, Downtown indianapolis
Old Northside 9
Mapelton 8
West Indianapolis 8
Herron Morton 6
Downtown Indianapolis 4
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