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Apartments Under $1,200 in Indianapolis, IN

331 - 360 of 435 Results
1
$999
Spacious Two Bedroom Single Family Near 10th And Belmont Ave
2813 W 10th St Indianapolis, IN
2 BR | Available Now
Contact
House
1
$950
Available Now! Charming 3-bed, 1-bath Historic Duplex In Indianapolis!
554 N Parker Ave Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,200
1355 N Tuxedo St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
2
$1,180
4437 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$1,200
2749 S Dawson Street - $1,200/mo.
2749 Dawson St Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,200
3 Bedroom Arlington Woods Home!
3626 N Hartman Dr Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
0
$849
Spacious 1 Bed 1 Bath In The Heart Of Speedway!
5921 W 25th St Indianapolis, IN
1 BR | Available Now
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0
$1,095
1135 S Richland Street - $1095/mo.
1135 S Richland St Indianapolis, IN
3 BR | Available Now
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0
$925
Live In Style At Bellagio East Living I: Convenient And Vibrant Community In Indianapolis
7051 E 11th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$1,025
College Court Condos (bh&s College Court, Llc)
5347 N College Ave Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
0
$1,180
4538 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$700 - 1,000
Perfectly Located Apartments
602 W Hanna Ave Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
18
$1,135 - 1,240
The Argyle On Mass Ave Apartments
615 N. East Street Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
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
12
$777 - 975
Pangea Courts
4417 Linwood Ct Indianapolis, IN
2 BR | Available Now
Contact
Heat Included
Dog Friendly
Cat Friendly
Income Restricted
Section 8
6
$780
8015 Cole Wood Blvd
Deal
Indianapolis, IN
3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
12
3D Tour
$449 - 819
Lakeside Point At Nora
Deal
9000 N College Avenue Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Pool
1
$1,150
4225-27 Crittenden Avenue
4225 Crittenden Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Dishwasher
1
$995
Price Reduction: Now Showing This 2br, 1ba Home Located At 1017 Laurel St., Indianapolis, In
1017 Laurel St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$990
Devonshire Apartments In Downtown Indianapolis
412 N Alabama St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
0
$900 - 1,200
Villa Del Sol Apartments
3636 Mission Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$799
East Ridge Apartments
2308 N Ritter Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
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
$1,108
Monon Walk
6115 Winthrop Ave Indianapolis, IN
1 BR | Feb. 24, 2026
Contact
12
$625 - 985
Berkley Commons Apartments
8201 Madison Ave Indianapois, IN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
38
$679 - 840
Arlington Green (Indy Town)
Deal
1.4
6046 E 21st Street, Suite 1b Management Office Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
25
$873 - 1,423
Waterstone Place Apartments
2755 Merlin Lake Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered 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
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
331 - 360 of 435 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 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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