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Apartments Under $1,200 in Indianapolis, IN

301 - 330 of 382 Results
0
$995
4503 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
$995
4446 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$995 - 1,200
3454 N Pennsylvania St
Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
Mapelton
2
$995
4437 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
0
$995
4521 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
0
$995
4453 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
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
2
$900
3030 E 10th St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$995
4422 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
2
$1,100
72 Schiller 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
1
$1,025
Bondmore Apartments
5960 E 42nd St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
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
0
$995
4545 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
0
$995
4438 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
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
14
$850
The Reserves at Warren Park
9120 E. 10Th Street Indianapolis, IN
2 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
10
$659 - 899
Rosewood Commons
4.0
5549 Rosewood Commons Dr. Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
17
$867 - 1,155
Riley Towers Apartments
4.0
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
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
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
301 - 330 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
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