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Apartments Under $1,200 in Indianapolis, IN

31 - 60 of 375 Results
27
3D Tour
$815 - 1,593
Scarborough Lake Apartments
Deal
6430 Maidstone Rd Indianapolis, IN
1 - 2 BR | Jul. 5, 2026
Contact
Virtual Tour
Air Conditioning
Fitness Center
Pool
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 | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
84
$895 - 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
$687 - 930
Piccadilly
28 E 16th St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
15
$886 - 959
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
54
$985 - 1,175
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 - 925
3726 N MERIDIAN STREET 3726 N MERIDIAN STREET
Indianapolis, IN
1 - 2 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
10
$1,099 - 1,199
Park Place Apartments
1349 Saddlebrook Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
5
$1,075 - 1,245
Penn Arts Apartments
111 E 16th St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
6
$1,199 - 2,267
333 Penn Apartments
333 N Pennsylvania St Indianapolis, IN
1 BR | Sep. 10, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Downtown Indianapolis
5
$850 - 1,175
Garden Pointe Apartments
5005 Lily Ln Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
75
$1,149 - 1,299
Riverchase Apartments
2730 River Chase Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
18
$999 - 1,233
Veridian Castleton
Deal
7503 Ivywood Cir Indianapolis, IN
1 - 2 BR | Available Now
Contact
Luxury
Air Conditioning
Covered Parking
Fitness Center
Dishwasher
29
$603 - 720
Morton School Senior
2101 N College Ave Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Fitness Center
Kingpark
20
$888 - 1,146
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
47
$903 - 1,631
Bavarian Village Apartments
Deal
3001 Bavarian West Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Fitness Center
Dishwasher
29
$799
Windmill
10251-10705 Us Hwy Indianapolis, IN
Studio | Jul. 6, 2026
Contact
Air Conditioning
Surface Parking
5
$724 - 897
5730 E Washington
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
6
3D Tour
$1,195
Emhardt Apartments
512 E Minnesota St Indianapolis, IN
2 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
12
$1,109
3540 N Pennsylvania St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
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
19
$736 - 1,145
Historic Audubon Court
5703 E Washington Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$784
The Bauer Apartments
3720 N Meridian St Indianapolis, IN
1 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
8
$755
Shortridge Apartments
3601 N Meridian St Indianapolis, IN
1 BR | Sep. 18, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
11
$774 - 804
Biltmore Apartments
3540 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
9
$907 - 1,100
Heritage Place At Parkview Apartment Homes
9201 E. 46Th Street Indianapolis, IN
1 - 2 BR | Available Now
Contact
Air Conditioning
Fitness Center
Dishwasher
37
$849 - 1,370
Waterstone Place Apartments
Deal
2755 Merlin Lake Drive Indianapolis, IN
1 - 2 BR | Available Now
Contact
Air Conditioning
Covered Parking
Balcony/Deck/Patio
Dishwasher
Pool
9
$774
Nola Court Apartments
N Indianola Ave Indianapolis, IN
1 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
31 - 60 of 375 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 375 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 5,740 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 6,339 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. Herron Morton
  3. Mapelton
  4. Downtown Indianapolis
  5. Upper Canal

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

Welcome to the June 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the June 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 $1,060, with the majority falling between $710 and $1,570. Out of the 8,938 one-bedroom apartments currently on the market in Indianapolis, 5,086 are priced below $1,200, accounting for 57% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Lebanon, IN
Greenwood, IN
Speedway, IN
Noblesville, IN
Brownsburg, IN
Plainfield, IN
Lawrence, IN
Carmel, IN
408
7
6
6
5
5
4
3
3
In June 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 416 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 June M/M % Change
Indianapolis, IN 409 +1.05%
Lebanon, IN 8 +1.08%
Greenwood, IN 7 +1.02%
Speedway, IN 6 +1.2%
Noblesville, IN 5 +0.89%
Brownsburg, IN 5 +1.0%
Plainfield, IN 5 +1.19%
Lawrence, IN 4 +1.12%
Carmel, IN 3 +1.0%
Westfield, IN 3 +1.0%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 12,926
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 87
Pet friendly 882
Utilities included 63
Furnished 40
Studio 98
1 Bedroom 539
2 Bedroom 476
Square footage 363 - 1,216

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Herron morton, Mapelton, Downtown indianapolis, Upper canal
Old Northside 9
Herron Morton 6
Mapelton 6
Downtown Indianapolis 5
Upper Canal 5
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