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Apartments Under $1,200 in Indianapolis, IN

301 - 330 of 373 Results
30
$978 - 1,037
Arborwood At Mann Road Apartments
6702 Trunk Way Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Fitness Center
Dishwasher
10
$698 - 738
Turtle Creek Apartments
5.0
8253 Harcourt Road Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
25
$549 - 1,049
Indy Flats
2.0
1304 N. Delaware Street Indianapolis, IN
Studio - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Income Restricted
Section 8
Fitness Center
14
$850 - 950
Irvington Living II
4801 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Dishwasher
11
$749 - 1,030
Sherbrook
8026 Mcfarland Court Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Balcony/Deck/Patio
20
$967 - 1,410
The Lodge Apartments
4816 Alsuda Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
10
$659 - 899
Rosewood Commons
4.0
5549 Rosewood Commons Dr. Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
14
$850
The Reserves at Warren Park
9120 E. 10Th Street Indianapolis, IN
2 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
9
$650
Speedway Fisher Apartments
5125 W 10th St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
21
$1,115 - 1,200
Aspen Lakes
7202 Winslet Boulevard Indianapolis, IN
1 BR | Available Now
Contact
Cat Friendly
Luxury
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
9
$561 - 995
Braeburn Village Apartments
3.4
2170 Braeburn East Drive Indianapolis, IN
1 - 4 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Storage
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
10
$885 - 1,183
Astoria Park Apartments
3640 Beluga Lane Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Balcony/Deck/Patio
Fitness Center
17
$649 - 976
M Club
1.0
7007 Courthouse Dr Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Balcony/Deck/Patio
19
$926 - 1,079
The Aura
3035 W 39th St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
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
13
$1,150 - 1,250
3416 Montgomery Drive
Indianapolis, IN
3 BR | Available Now
Contact
Air Conditioning
Dishwasher
9
$ Ask - 1,230
Madison Lofts
1430 & 1420 Madison Ave. Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
13
$919 - 974
Shore Acres Apartments
1105 Westfield Court Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
5
$700
3018 Southwest Drive
Indianapolis, IN
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
House
Air Conditioning
$1,200
2 Bed 1 Bath Home
962 W 35th St Indianpolis, IN
2 BR | Ask for Availability
Contact
House
10
$975
1150 East Martin Street
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
30
$850 - 1,150
Brookwood Apartments
5301 S Turtle Creek Drive Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
29
$1,169 - 1,238
Creekside Square Phase I
5836 Hunnewell Dr Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
13
$949 - 1,009
Annhurst
4958 Dawn Drive Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
11
$625 - 735
Fox Club
Deal
4401 South Keystone Avenue Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
8
$619 - 839
Cambridge Commons
2.8
4959 Oakhurst Drive Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
17
$870 - 1,000
Pangea Hills
5500 Pleasant Hill Circle Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Balcony/Deck/Patio
301 - 330 of 373 Results
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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 $740 and $1,570. Out of the 8,529 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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