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Apartments Under $1,200 in Indianapolis, IN

361 - 390 of 398 Results
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
19
$ Ask - 1,689
Country Lake Townhomes
2910 A White Knight Blvd Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Townhome
Air Conditioning
Balcony/Deck/Patio
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
$ 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
$1,150 - 1,250
3416 Montgomery Drive
Indianapolis, IN
3 BR | Available Now
Contact
Air Conditioning
Dishwasher
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
5
$700
3018 Southwest Drive
Indianapolis, IN
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
House
Air Conditioning
$750
Parkside Apartments
2900 S Pennsylvania St Indianapolis, IN
1 BR | Available Now
Contact
1
$1,050
2045 Parker
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$900
8 N Butler Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
4
$725
1 Bedroom Shelby Unit
1952 S Shelby St Indianapolis, IN
1 BR | Ask for Availability
Contact
Air Conditioning
31
$1,100
5750 E Washington St
Indianapolis, IN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
7
$750
Michigan Duplex
4206-4208 E Michigan St Indianapolis, IN
2 BR | Ask for Availability
Contact
Dishwasher
31
$700
Newly Renovated By Neighborhood Revival
1942 Houston St Indianapolis, IN
1 BR | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
1
$1,050
Move In Special!! Updated 2 Bedroom 1 Bathroom On The Southwest Side
2435 S Roena St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Disability Access
10
3D Tour
$825 - 1,100
Brookhaven Apartments
3900 N Shadeland Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
20
$599
1702 W Michigan Street
1702 W Michigan St Indianapolis, IN
Studio | Ask for Availability
Contact
16
$695
Fountain Square Duplex 2 Bed 1 Bath
1044 Dawson St Indianapolis, IN
2 BR | Ask for Availability
Contact
Air Conditioning
2
$850
Magnolia Living - 3330-3340 N. Meridian St.
3330-3340 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$992 - 1,175
Downtown Living
430 Massachusetts Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Income Restricted
Section 8
Storage
Disability Access
Dishwasher
17
$749
140 E 19Th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
Dishwasher
Herron Morton
1
$899
East Side 3 Bedroom Half Double
314 N Linwood Ave Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
$795
Live In Style At Bellagio East Living Ii: Convenient And Vibrant Community In Indianapolis
3001 N Webster Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
$890 - 938
The Woods Of Eagle Creek
4949 Bobwhite Lane Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
Balcony/Deck/Patio
2
$649
925 N Oakland Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
$989 - 1,130
Woodbridge Castleton
9414 San Miguel Drive Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
1
$1,099
601 N Oxford St
Indianapolis, IN
3 BR | Ask for Availability
Contact
1
$625
2 Bedroom 1 Bath
1628 N Colorado Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
361 - 390 of 398 Results
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  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 398 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 585 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 5,330 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 6,410 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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