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Apartments Under $1,200 in Indianapolis, IN

91 - 120 of 374 Results
7
$950
1231 Shepard St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
West Indianapolis
7
$975
1613 Lawton Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
21
$1,099
6800 Brendan Way W Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
1
$700
Coming Soon: 1 Bedroom / 1 Bathroom Duplex Located At 1250 N Colorado Ave. In Indianapolis, In.
1250 N Colorado Ave Indianapolis, IN
1 BR | Jun. 30, 2026
Contact
Dog Friendly
Cat Friendly
House
Disability Access
1
$899
Birchwood Place Apartments
1040 Fairfield Ave Indianapolis, IN
1 BR | Oct. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
1
$799
Evergreen On The Monon, Llc
3575 Evergreen Ave Indianapolis, IN
1 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
1
$950
6028 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$1,199 - 2,027
Penn Street Tower Apartments
115 N Pennsylvania St Indianapolis, IN
1 BR | Jul. 2, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
2
$899 - 1,169
7936 Timber Ridge Dr
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
Pool
1
$1,025
28-30 N Lasalle St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$775
1241-43 S Lee
Indianapolis, IN
2 BR | Ask for Availability
Contact
Storage
Disability Access
West Indianapolis
1
$800
35 - 37 S Sherman Dr
35 37 St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$700
Pilgrim
1015 W 31St St Indianapolis, IN
1 BR | Available Now
Contact
Storage
36
$929
The Courts Apartment Homes
4425 Linwood Ct Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$950
6111 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
5
$1,150
Welcome Home To Bellagio South Living: Where Comfort Meets Convenience
2240 Ransdell St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$899 - 999
Welcome To Dawson Village – Welcome Home!
2469 S Dawson St Indianapolis, IN
2 BR | Jun. 29, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
0
$895
Irvington Living III
4926 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$895
Churchman 1022-24
1022-24 Churchman Ave Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Storage
15
$819 - 1,019
The Stratford Apartments
3201 Watergate Rd Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
16
$1,200
75 S Shortridge Rd
Indianapolis, IN
2 BR | Jul. 1, 2026
Contact
House
0
$850
The Sterling
8020 Madison Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
14
$724 - 854
5730 E Washington St
Indianapolis, IN
1 - 2 BR | Jul. 3, 2026
Contact
Dog Friendly
Cat Friendly
18
$950
313 E Eastern Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
6
$950
1702 Winfield Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
7
$825
2403 N Oxford St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
18
$899
2701 W 17Th St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
7
$799
6136 Nimitz Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
6
$995
1524 N Chester Ave
Indianapolis, IN
3 BR | Ask for Availability
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House
91 - 120 of 374 Results
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Frequently Asked Questions

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

There are 374 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 653 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 5,732 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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