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Apartments Under $1,200 in Indianapolis, IN

91 - 120 of 366 Results
7
$850
830 N Emerson Ave
Indianapolis, IN
1 BR | Available Now
Contact
House
1
$825
3709-3711 Brookside Pkwy S Dr
3709 Brookside Pkwy S Dr Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
1
$950
5907 Staughton Dr
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
1
$999 - 1,199
Lawrence Glen Apartments
8633 E 46th St Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
19
$897 - 1,172
549 N Senate Ave
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
Upper Canal
6
$649 - 875
Volrath
118 Palmer St Indianapolis, IN
Studio - 1 BR | Available Now
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Dishwasher
2
$1,159
School 85
338 S Arlington Ave Indianapolis, IN
1 BR | Available Now
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Cat Friendly
Surface Parking
Storage
9
$1,050
338 Villa Ave
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
6
$950
Meridian Walk Apartments
2063 Meridian Street Indianapolis, IN
1 BR | Ask for Availability
Contact
Herron Morton
17
$550
5345 E. Washington St. Unit 32 *$99 Deposit For Qualified Applicants!*
5345 E Washington St Apt 32 Indianapolis, IN
Studio | Ask for Availability
Contact
House
14
$800
925 N Gladstone Ave
Indianapolis, IN
2 BR | Ask for Availability
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House
9
$1,150
3279 Lupine Drive
Indianapolis, IN
2 BR | Available Now
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House
Air Conditioning
Storage
1
$1,000
3709 Kinnear Ave
3709-3711 Kinnear Ave Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$971 - 1,179
Historic Irvington Flats
222 S Downey Ave Indianapolis, IN
Studio - 1 BR | Available Now
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Cat Friendly
Storage
Disability Access
28
$889 - 969
Greentree Apartments
2524 Tamarack Ln Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$950
6118 Dickson Rd
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
6
$999
Mansion Row - Where Historic Charm Meets Modern Convenience!
2602 Mansion Dr Indianapolis, IN
1 BR | Jul. 10, 2026
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Dog Friendly
Cat Friendly
1
$959
60 - Addison Apartments
7155 E 21st St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
9
$775 - 825
East Ridge Apartments - Remodeled 1-2 Bedroom Unit W/ Balcony
2302 N Ritter Ave Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,050
2 Bed 1 Bath Apartment Home Located In Speedway! Wayne Township
6011 W 25Th St Indianapolis, IN
2 BR | Available Now
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House
Storage
1
$699 - 999
Oxmoor Indy
3640 N Meridian St Indianapolis, IN
1 - 3 BR | Available Now
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Storage
1
$899
Westside 2 Bedroom Duplex Located Near Harding And 21st Street
2248 N Harding St Indianapolis, IN
2 BR | Available Now
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House
20
$910 - 1,069
549 Senate Ave
Indianapolis, IN
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Upper Canal
5
$895
Monon Walk
6115 Winthrop Ave Indianapolis, IN
Studio | Available Now
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1
$900 - 1,100
6933 Buckridge West Dr
Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
3
$919 - 1,803
5220 Luzzane Ln
Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
21
$1,150
1269 Farley Dr Unit 1269
Indianapolis, IN
2 BR | May. 15, 2026
Contact
Cat Friendly
16
$750
913 Keystone Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
House
Woodruff Place
1
$900
1348-50 Burdsal Pkwy
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
91 - 120 of 366 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 366 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 6,167 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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