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Apartments Under $1,200 in Indianapolis, IN

31 - 60 of 367 Results
5
$1,000
The Reese Apartments
5750 E Washington St Indianapolis, IN
1 BR | Jun. 10, 2026
Contact
Dog Friendly
Cat Friendly
15
$794 - 804
Penn Plaza
3671 N Pennsylvania St Indianapolis, IN
2 BR | May. 31, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
13
$999 - 1,795
5220 Luzzane Ln
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
10
$1,065 - 1,200
Monon Lofts
1122 E 16th St Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
Kingpark
5
$875
Lincolnshire Apartments
6221 N College Ave Indianapolis, IN
Studio - 1 BR | Available Now
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
15
$849 - 905
Lakes At Crossbridge
2.8
7925 Crossbridge Dr Downtown Indianapolis, IN
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Income Restricted
Air Conditioning
Fitness Center
30
$1,195 - 4,284
Overlook at Valley Ridge Apartments
6810 Valley Ridge Dr Indianapolis, IN
1 BR | Jun. 2, 2026
Contact
Luxury
Covered Parking
Balcony/Deck/Patio
Fitness Center
Pool
48
$1,119 - 1,865
Sundance Apartments
7213 Sundance Dr Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Covered Parking
Surface Parking
Fitness Center
Pool
9
$1,030
Monon Station Apartments
4554 Winthrop Ave Indianapolis, IN
2 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
8
$770 - 885
37 - 57 E 38TH STREET, BARRINGTON APARTMENTS
Indianapolis, IN
1 - 2 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
5
$1,120 - 1,150
Aspen Pointe Apartments
5838 W Mooresville Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
18
$1,108 - 1,233
Veridian Castleton
Deal
7503 Ivywood Cir Indianapolis, IN
2 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Fitness Center
Dishwasher
5
$1,122 - 1,235
Penn Arts Apartments
111 E 16th St Indianapolis, IN
1 BR | May. 20, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
5
$875 - 1,175
Garden Pointe Apartments
5005 Lily Ln Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
11
$849 - 999
Sawmill Apartments
3708 Lickridge Lane Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Air Conditioning
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
13
$1,090
Forte Apartments
1140 Shelby St Indianapolis, IN
Studio | Jul. 3, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
5
$716 - 977
Piccadilly
28 E 16th St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
8
$949
172 - Shamrock Apartments
2430 E Kelly St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Section 8
Air Conditioning
Storage
8
$770
Stanton Apartments
3536 N Meridian St Indianapolis, IN
1 BR | May. 22, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
39
$925 - 1,125
Trails At Lakeside
3836 Arbor Green Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Disability Access
Pool
5
$953
Woodruff Place
940 Woodruff Place Middle Dr Indianapolis, IN
1 BR | Jun. 10, 2026
Contact
Dog Friendly
Cat Friendly
Woodruff Place
47
$770 - 1,598
Bavarian Village Apartments
Deal
3001 Bavarian West Dr Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Fitness Center
Dishwasher
37
$1,150
Live In Style At Meridian Living I
3310 N Meridian St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$725 - 885
Maple Court Apartments - Where City Convenience Meets Neighborhood Charm!
3524 N Pennsylvania St Indianapolis, IN
Studio - 2 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
29
$999
Windmill
10251-10705 Us Hwy Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
29
3D Tour
$1,165 - 2,097
Harrison Place Apartments
5812 Beatle Dr. Indianapolis, IN
1 BR | Aug. 13, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Balcony/Deck/Patio
Fitness Center
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
10
$1,150
Park Place Apartments
1349 Saddlebrook Ct Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
31 - 60 of 367 Results
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Frequently Asked Questions

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

There are 367 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 680 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 5,499 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 6,168 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. Herron Morton
  2. Old Northside
  3. Downtown Indianapolis
  4. Upper Canal
  5. Mapelton

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

Welcome to the May 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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 $1,100, with the majority falling between $740 and $1,570. Out of the 8,529 one-bedroom apartments currently on the market in Indianapolis, 4,722 are priced below $1,200, accounting for 55% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $1,200: Indianapolis vs. Surrounding Areas

Indianapolis, IN
Lebanon, IN
Speedway, IN
Greenwood, IN
Plainfield, IN
Brownsburg, IN
Noblesville, IN
Lawrence, IN
Danville, IN
429
8
7
7
6
5
4
4
3
In May 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 427 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 May M/M % Change
Indianapolis, IN 429 +1.03%
Lebanon, IN 8 +0.89%
Speedway, IN 8 +1.04%
Greenwood, IN 7 +1.09%
Plainfield, IN 6 +1.03%
Brownsburg, IN 5 +1.0%
Noblesville, IN 5 +0.92%
Lawrence, IN 4 +1.07%
Danville, IN 4 +1.09%
Carmel, IN 3 +0.95%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 12,752
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 106
Pet friendly 875
Utilities included 92
Furnished 55
Studio 109
1 Bedroom 530
2 Bedroom 470
Square footage 369 - 1,335

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Herron morton, Old northside, Downtown indianapolis, Upper canal, Mapelton
Herron Morton 10
Old Northside 10
Downtown Indianapolis 7
Upper Canal 6
Mapelton 6
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