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Apartments Under $1,200 in Indianapolis, IN

31 - 60 of 383 Results
16
$975 - 1,200
Aspen Pointe Apartments
5838 W Mooresville Rd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
152
$497 - 1,199
1010 Central
1010 Central Ave Indianapolis, IN
1 - 2 BR | Mar. 30, 2026
Contact
Fitness Center
Old Northside
29
3D Tour
$1,198 - 2,037
Harrison Place Apartments
5812 Beatle Dr. Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Balcony/Deck/Patio
Fitness Center
5
$945 - 965
Woodruff Place
940 Woodruff Place Middle Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Woodruff Place
19
$790 - 1,245
Historic Audubon Court
5703 E Washington Indianapolis, IN
Studio - 2 BR | Apr. 14, 2026
Contact
Dog Friendly
Cat Friendly
8
$780
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
2 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
8
$760 - 784
The Bauer Apartments
3720 N Meridian St Indianapolis, IN
1 BR | May. 5, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
11
$774 - 804
Biltmore Apartments
3540 N Meridian St Indianapolis, IN
1 BR | Apr. 15, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
29
$999
Windmill
10251-10705 Us Hwy Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
37
$1,067 - 1,414
Waterstone Place Apartments
Deal
2755 Merlin Lake Drive Indianapolis, IN
2 BR | Available Now
Contact
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
43
$1,014 - 1,051
Line Lofts
1145 E Washington St Indianapolis, IN
2 BR | Mar. 30, 2026
Contact
In Unit Laundry
Fitness Center
Dishwasher
24
$909 - 1,529
ReNew at the Crossing
1130 Racquet Club North Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Dishwasher
33
$1,099
Gathyr Apartments
Deal
1117 E Market St Indianapolis, IN
Studio | Apr. 8, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Surface Parking
25
$458 - 1,178
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio - 2 BR | Available Now
Income Restricted
Fitness Center
Dishwasher
36
$929 - 1,149
Fishermans Village
2.8
2975 Coast Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Fitness Center
Dishwasher
32
$899 - 1,364
The Meridian
2100 Westlane Rd Indianapolis, IN
Studio - 2 BR | Mar. 30, 2026
Contact
Fitness Center
Pool
49
$1,141
Lawrence Senior
8301 E 46th St Indianapolis, IN
1 BR | Mar. 30, 2026
Contact
Surface Parking
Fitness Center
Dishwasher
26
3D Tour
$1,076 - 2,152
Avery Point Apartments
8525 Laurel Valley Dr. Indianapolis, IN
1 - 2 BR | Available Now
Contact
Luxury
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
18
$1,199
Nora Commons On The Monon Senior Apartments
1.6
8905 Evergreen Ave Indianapolis, IN
1 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
Balcony/Deck/Patio
9
$774 - 824
Nola Court Apartments
N Indianola Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
11
$849 - 999
Sawmill Apartments
Deal
3708 Lickridge Lane Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Air Conditioning
34
$1,091 - 1,400
800 Capitol
800 N Capitol Ave Indianapolis, IN
1 BR | Mar. 30, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
5
$700
Butler Place
5230 E Washington St Indianapolis, IN
Studio | Jul. 15, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
22
$955 - 1,112
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
66
$1,050 - 1,568
CityView on Meridian
Deal
3.4
3801 N. Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Fitness Center
5
$950
Lincolnshire Apartments
6221 N College Ave Indianapolis, IN
1 BR | Jul. 7, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
5
$1,176
Broad Ripple Flats
6026 N College Ave Indianapolis, IN
2 BR | Jan. 15, 2027
Contact
Dog Friendly
Cat Friendly
Disability Access
54
$915 - 1,150
Strawbridge Green
4649 Strawbridge St Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
8
$750
3726 N MERIDIAN STREET 3726 N MERIDIAN STREET
Indianapolis, IN
1 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
13
$1,150
Park Place Apartments
1349 Saddlebrook Ct Indianapolis, IN
1 BR | Apr. 7, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
31 - 60 of 383 Results
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Frequently Asked Questions

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

There are 383 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 662 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 5,096 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 5,582 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. Mapelton
  3. Upper Canal
  4. Herron Morton
  5. Downtown Indianapolis

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

Welcome to the March 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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 20 40 60 80 <$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 $1,150, with the majority falling between $730 and $1,580. Out of the 7,999 one-bedroom apartments currently on the market in Indianapolis, 4,448 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
Speedway, IN
Greenwood, IN
Lebanon, IN
Plainfield, IN
Brownsburg, IN
Lawrence, IN
Danville, IN
Noblesville, IN
443
7
7
6
5
5
4
4
4
In March 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 471 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 March M/M % Change
Indianapolis, IN 443 +0.98%
Speedway, IN 8 +0.96%
Greenwood, IN 8 +1.02%
Lebanon, IN 7 +1.11%
Plainfield, IN 6 +0.75%
Brownsburg, IN 5 +1.06%
Lawrence, IN 5 +0.92%
Danville, IN 4 +0.82%
Noblesville, IN 4 +1.04%
Beech Grove, IN 4 +1.12%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,334
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 127
Pet friendly 982
Utilities included 96
Furnished 62
Studio 119
1 Bedroom 556
2 Bedroom 458
Square footage 387 - 1,293

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, Upper canal, Herron morton, Downtown indianapolis
Old Northside 10
Mapelton 6
Upper Canal 5
Herron Morton 5
Downtown Indianapolis 4
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