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Apartments Under $1,200 in Indianapolis, IN

301 - 330 of 399 Results
0
$725
5819 E Washington Unit 14
Indianapolis, IN
Studio | Available Now
Contact
1
$828 - 915
Emma O Johnson Senior Apartments
819 Edgemont Ave Indianapolis, IN
Studio - 1 BR | Available Now
Contact
1
$975 - 1,200
Bridgeman
1012 Prospect St Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$799
1515-1517 E Michigan St
Indianapolis, IN
1 BR | Available Now
Contact
Woodruff Place
1
$699
1354-1356 N Olney St
1354 N Olney St Indianapolis, IN
1 BR | Available Now
Contact
0
$1,025
College Court Condos (bh&s College Court, Llc)
5347 N College Ave Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
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
1
$1,200
810 N Dearborn St
Indianapolis, IN
3 BR | Available Now
Contact
1
$1,099
35 N Bradley
Indianapolis, IN
2 BR | Available Now
Contact
House
0
$995
Updated All-brick 2/1 With Garage - Close To Everything!
301 S Gray St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,050
Remodeled 2-bed, 1 Bath In Irvington
5131 E Burgess Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$900
6108 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$1,095
Price Reduction: 2 Bedroom/1 Bathroom Condo Located At 3101 E 10th St. Unit 301
3101 E 10th St Unit Indianapolis Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$995
4830-4831 E Washington St
Indianapolis, IN
2 BR | Available Now
Contact
1
$940 - 990
Devonshire Apartments In Downtown Indianapolis
412 N Alabama St Indianapolis, IN
1 BR | Sep. 4, 2026
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
0
$900 - 1,125
Villa Del Sol Apartments
3636 Mission Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$995
Christian Park 2 Bedroom 1 Bath
341 S Randolph St Indianapolis, IN
2 BR | Available Now
Contact
House
1
$625
Studio Apartment On S Brookville Rd & S Arlington Ave
565 S Webster Ave Indianapolis, IN
Studio | Available Now
Contact
House
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
$1,200
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
$970
1702 W Wyoming St
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
1
$1,150
1822 S Chester Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
1
$900
Perfectly Located Apartments
602 W Hanna Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$950
Two Bedroom Duplex Located On Eastside By 38th St And Emerson Ave
3472 N Dearborn St Indianapolis, IN
2 BR | Available Now
Contact
House
0
$1,050
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
0
$995
4429 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
3
$650
318 Parkway Ave Unit C Indpls, In 46225
318 Parkway Ave #c Indianapolis, IN
1 BR | Ask for Availability
Contact
House
301 - 330 of 399 Results
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Frequently Asked Questions

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

There are 399 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 5,229 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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