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Apartments Under $1,200 in Indianapolis, IN

31 - 60 of 437 Results
8
$775 - 935
172 - Shamrock Apartments
2430 E Kelly St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
11
$915
217 - Stanton
3536 N Meridian St Indianapolis, IN
2 BR | Jan. 23, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
18
$895 - 1,095
Trails At Lakeside
3836 Arbor Green Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Disability Access
Pool
5
$1,176
Broad Ripple Flats
6026 N College Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
4
$875
Lincolnshire Broad Ripple
6221 N College Ave Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
63
$1,175 - 1,199
Lake Clearwater Apartments
Deal
3.8
3914 Lake Clearwater Pl Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
Air Conditioning
20
$485 - 999
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
29
$928
Morton School Senior
2101 N College Ave Indianapolis, IN
1 BR | Available Now
Contact
Fitness Center
Kingpark
29
$699 - 999
Windmill
10251-10705 Us Hwy Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
9
$774 - 1,094
Nola Court Apartments
N Indianola Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
51
$1,149 - 2,127
Pinnex
Deal
5.0
931 Fletcher Avenue Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
11
$869 - 999
Sawmill Apartments
Deal
3708 Lickridge Lane Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
49
$1,141
Lawrence Senior
8301 E 46th St Indianapolis, IN
1 BR | Available Now
Contact
Surface Parking
Fitness Center
Dishwasher
32
$1,072
The Meridian
2100 Westlane Rd Indianapolis, IN
Studio | Jan. 4, 2026
Contact
Fitness Center
Pool
26
$875 - 1,200
El Dorado Apartments
Deal
3621 Lawnview Ln Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
6
3D Tour
$1,095
Emhardt Apartments
512 E Minnesota St Indianapolis, IN
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
9
$907
Heritage Place At Parkview Apartment Homes
9201 E. 46Th Street Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Fitness Center
Dishwasher
41
$1,185
The Fort Apartments
Deal
9230 Memorial Park Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
66
$1,142 - 1,343
CityView on Meridian
Deal
3.4
3801 N. Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
36
$799 - 1,159
Fishermans Village
Deal
2.8
2975 Coast Drive Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
Dishwasher
19
$815 - 975
Historic Audubon Court
5703 E Washington Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$750 - 760
The Bauer Apartments
3720 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
22
$970 - 1,144
Lynhurst Park Apartments
2.6
3215 Joey Way Indianapolis, IN
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
Income Restricted
Air Conditioning
37
$880 - 1,414
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
9
$835 - 1,005
Monon Station Apartments
4554 Winthrop Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
16
$1,110 - 1,200
Aspen Pointe Apartments
5838 W Mooresville Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
14
$1,150
Park Place Apartments
1349 Saddlebrook Ct Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
30
$1,007 - 3,154
Overlook at Valley Ridge Apartments
6810 Valley Ridge Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Balcony/Deck/Patio
75
$1,129 - 1,199
Riverchase Apartments
Deal
2730 River Chase Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
24
$1,085 - 3,702
Summerwood on Towne Line Apartments
Deal
2520 Summer Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Fitness Center
31 - 60 of 437 Results
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  3. Apartments Under $1,200
Frequently Asked Questions

How many apartments under $1,200 are available in Indianapolis, IN on Rentable.co?

There are 437 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 643 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 5,137 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 5,612 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. Herron Morton
  4. Downtown Indianapolis
  5. Upper Canal

Apartments Under $1,200 in Indianapolis, IN: December Rental Information

Welcome to the December 2025 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2025 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 $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 7,754 one-bedroom apartments currently on the market in Indianapolis, 4,631 are priced below $1,200, accounting for 60% 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
Noblesville, IN
Beech Grove, IN
Westfield, IN
Danville, IN
405
9
7
5
5
4
3
3
3
In December 2025, 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 512 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 December M/M % Change
Indianapolis, IN 406 +0.96%
Greenwood, IN 9 +1.1%
Lebanon, IN 8 +0.88%
Speedway, IN 6 +0.75%
Brownsburg, IN 6 +0.94%
Noblesville, IN 4 +1.0%
Beech Grove, IN 4 +0.84%
Westfield, IN 4 +1.0%
Danville, IN 3 +1.05%
Plainfield, IN 3 +0.75%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,276
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 138
Pet friendly 1,021
Utilities included 77
Furnished 38
Studio 113
1 Bedroom 581
2 Bedroom 493
Square footage 296 - 1,239

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, Herron morton, Downtown indianapolis, Upper canal
Old Northside 13
Mapelton 8
Herron Morton 7
Downtown Indianapolis 5
Upper Canal 5
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