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Apartments Under $1,200 in Indianapolis, IN

391 - 402 of 402 Results
$989 - 1,130
Woodbridge Castleton
9414 San Miguel Drive Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Townhome
Air Conditioning
2
$649
925 N Oakland Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$625
2 Bedroom 1 Bath
1628 N Colorado Ave Indianapolis, IN
2 BR | Ask for Availability
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1
$900
122 E. 22Nd Street
Indianapolis, IN
1 BR | Ask for Availability
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Herron Morton
1
$1,095
Now Available!! Charming Two Bedroom One Bathroom Duplex!!!
3133 W Michigan St W Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$1,099
601 N Oxford St
Indianapolis, IN
3 BR | Ask for Availability
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1
$650
4721 E 34Th St
Indianapolis, IN
1 BR | Ask for Availability
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1
$795
Charming 2-bedroom Home In Historic Indianapolis Neighborhood
1221 N Rural St Indianapolis, IN
2 BR | Available Now
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House
$600
1 Bed House For Rent
2926 E 18Th St Indianapolis, IN
1 BR | Ask for Availability
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$750
2226 N Kenyon St
Indianapolis, IN
2 BR | Ask for Availability
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$596 - 861
Fishermans Village
2975 Coast Drive Indianapolis, IN
1 - 2 BR | Ask for Availability
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Dog Friendly
Cat Friendly
$1,200
11449 High Grass Dr
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Dishwasher
391 - 402 of 402 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 402 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 5,334 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 6,416 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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