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Apartments Under $1,200 in Indianapolis, IN

301 - 330 of 435 Results
0
$1,180
4514 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
0
$1,180
4545 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
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
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
3
$975
3836 Central Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
0
$750
5819 E Washington Unit 14
Indianapolis, IN
1 BR | Available Now
Contact
1
$1,150
2833 E Vermont - $1,150/mo.
2833 E Vermont St Indianapolis, IN
2 BR | Feb. 19, 2026
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1
$1,200
Welcome Home To 642 Congress Ave
642 Congress Ave Indianapolis, IN
2 BR | Available Now
Contact
House
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
Contact
0
$920
Ivy W W/d | 1 Bedroom, 1 Bathroom
4945 Brock St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$900
6108 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
0
$1,095
Welcome Home To Bellagio South Living: Where Comfort Meets Convenience
2246 Ransdell St Indianapolis, IN
2 BR | Ask for Availability
Contact
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
Contact
Dog Friendly
Cat Friendly
Fitness Center
0
$1,180
4453 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$1,150
4721 E 16th St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$750
098
2861 S Roena St Indianapolis, IN
1 BR | Available Now
Contact
0
$1,095
Welcome Home To Bellagio South Living: Where Comfort Meets Convenience
2240 Ransdell St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$990
Devonshire Apartments Downtown Indianapolis
412 N Alabama St Unit 110 Indianapolis, IN
1 BR | Apr. 24, 2026
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
1
$799
Warren Park 1-2 Bedroom Apartments
9136 E 10th St Indianapolis, IN
2 BR | Ask for Availability
Contact
Air Conditioning
0
$825
9128 E 10Th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$1,200
1509-11 North Chester Avenue
1509 N Chester Ave Indianapolis, IN
2 BR | Available Now
Contact
1
$1,200
2624 E 17th St
Indianapolis, IN
2 BR | Available Now
Contact
House
0
$990
Ivy Remodel | 1 Bedroom, 1 Bathroom
5078 Audrey Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
3
$975 - 1,200
8917 Duxbury RD
Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
1
$1,095
Warren Twp - East Side 3 Bedroom Home
5902 E 32nd St Indianapolis, IN
3 BR | Ask for Availability
Contact
House
1
$1,050
Downtown Living
430 Massachusetts Ave Indianapolis, IN
1 BR | Feb. 27, 2026
Contact
Dishwasher
Downtown Indianapolis
1
$846
Downtown Living
430 Massachusetts Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
Downtown Indianapolis
1
$1,025
Westside Spacious Three Bedroom Two Story Duplex Near 25th And Capital
2243 N Kenwood Ave Indianapolis, IN
3 BR | Available Now
Contact
House
1
$1,195
3942-44 Cornelius Avenue
3942 Cornelius Ave Indianapolis, IN
3 BR | Available Now
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Balcony/Deck/Patio
1
$1,100
1505 N Tuxedo St
Indianapolis, IN
2 BR | Available Now
Contact
301 - 330 of 435 Results
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Frequently Asked Questions

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

There are 435 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 5,365 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 6,134 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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