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Apartments Under $1,200 in Indianapolis, IN

61 - 90 of 367 Results
5
$693 - 762
5730 E Washington
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
6
3D Tour
$995 - 1,195
Emhardt Apartments
512 E Minnesota St Indianapolis, IN
1 - 2 BR | May. 15, 2026
Contact
Furnished
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
12
$1,109
3540 N Pennsylvania St
Indianapolis, IN
2 BR | May. 15, 2026
Contact
Dog Friendly
Cat Friendly
House
Air Conditioning
Storage
43
$1,014 - 1,051
Line Lofts
1145 E Washington St Indianapolis, IN
2 BR | Available Now
Contact
In Unit Laundry
Fitness Center
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
34
$1,091 - 1,400
800 Capitol
800 N Capitol Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
In Unit Laundry
Fitness Center
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
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
25
$458 - 899
The Enclave At Meridian Apartments
3.2
3777 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Income Restricted
Fitness Center
Dishwasher
9
$927
Reserve At White River
3.8
2774 Pixel Road Indianapolis, IN
1 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
Luxury
Air Conditioning
22
$996 - 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
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
32
$799 - 899
The Meridian
2100 Westlane Rd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Fitness Center
Pool
49
$1,130
Lawrence Senior
8301 E 46th St Indianapolis, IN
1 BR | Available Now
Contact
Surface Parking
Fitness Center
Dishwasher
54
$875 - 1,170
Strawbridge Green
4649 Strawbridge St Indianapolis, IN
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Balcony/Deck/Patio
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
29
$720
Morton School Senior
2101 N College Ave Indianapolis, IN
Studio | Available Now
Contact
Fitness Center
Kingpark
20
$750 - 1,108
Eagledale Senior
2930 Lafayette Rd Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Surface Parking
In Unit Laundry
Fitness Center
Dishwasher
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
11
$569 - 1,105
East Village at Avondale Meadows Apartments
3810 Cooper Square Court Indianapolis, IN
2 BR | Available Now
Contact
Luxury
Income Restricted
Section 8
Air Conditioning
In Unit Laundry
5
$674 - 802
Balsam Avenue Apartments - The Courts
3605-3609 Balsam Indianapolis, IN
Studio - 1 BR | May. 25, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
16
$975 - 1,150
Preston Pointe Senior Apartments
3.2
5910 E 12Th St Indianapolis, IN
1 - 2 BR | Available Now
Dog Friendly
Cat Friendly
Senior Community
Luxury
Income Restricted
26
3D Tour
$1,096 - 1,975
Avery Point Apartments
8525 Laurel Valley Dr. Indianapolis, IN
1 BR | May. 19, 2026
Contact
Luxury
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
10
$1,065 - 1,200
Monon Lofts
1122 E 16th St Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
Kingpark
61 - 90 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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