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Apartments Under $1,200 in Indianapolis, IN

91 - 120 of 397 Results
33
3D Tour
$1,079 - 2,154
Avery Point Apartments
8525 Laurel Valley Dr. Indianapolis, IN
1 BR | Available Now
Contact
Luxury
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
Fitness Center
43
$1,029 - 1,609
ReNew at the Crossing
1130 Racquet Club North Dr Indianapolis, IN
1 - 2 BR | Aug. 20, 2026
Contact
Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
17
$649 - 976
M Club
1.0
7007 Courthouse Dr Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Balcony/Deck/Patio
19
$926 - 1,079
The Aura
3035 W 39th St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
13
$919 - 974
Shore Acres Apartments
1105 Westfield Court Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Air Conditioning
Covered Parking
1
$950
Coming Soon: 2 Bedroom/1 Bathroom Duplex Located At 2346 Coyner Ave. In Indianapolis, In
2346 Coyner Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$675
Fountain View Senior Apartments
1044 Shelby St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$875 - 1,025
One Somerset
3765 S State Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
8
$850
1353 N Olney St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
11
$875
1635 Lawton Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
21
$1,199
2341 Adams St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
9
$925
Victoria Rd
Indianapolis, IN
1 BR | Ask for Availability
Contact
11
$1,195
127 S Arlington Ave
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
6
$1,095
128 S Emerson Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
6
$995
4504 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
Contact
House
13
$964 - 1,159
River Ridge Apartments
5.0
4825 Cameron Ridge Drive Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Virtual Tour
Luxury
In Unit Laundry
44
$774 - 1,155
Retreat Northwest
1130 Racquet Club N Dr Indianapolis, IN
1 - 3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Fitness Center
Storage
1
$950
6028 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
2
$899 - 1,481
7936 Timber Ridge Dr
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
Pool
1
$950
901 N Bradley Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$700
Pilgrim
1015 W 31St St Indianapolis, IN
1 BR | Available Now
Contact
Storage
36
$969
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
15
$725 - 736
5730 E Washington St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
21
$1,195
7015 Wadsworth Way
Indianapolis, IN
3 BR | Available Now
Contact
House
18
$1,200
2312 E 12 Th St Unit 2312
Indianapolis, IN
2 BR | Sep. 15, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$799
Evergreen On The Monon, Llc
3575 Evergreen Ave Indianapolis, IN
1 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
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
$950
28-30 N Lasalle St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
91 - 120 of 397 Results
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  2. Indianapolis
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Frequently Asked Questions

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

There are 397 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 571 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 5,184 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 6,202 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. Mapelton
  3. West Indianapolis
  4. Herron Morton
  5. Downtown Indianapolis

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

Welcome to the August 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 17 35 52 70 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,000, with the majority falling between $700 and $1,530. Out of the 8,573 one-bedroom apartments currently on the market in Indianapolis, 4,745 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
Greenwood, IN
Brownsburg, IN
Lebanon, IN
Speedway, IN
Danville, IN
Noblesville, IN
Plainfield, IN
Westfield, IN
373
7
5
4
4
3
3
3
3
In August 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 441 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 August M/M % Change
Indianapolis, IN 373 +1.04%
Greenwood, IN 7 +0.93%
Brownsburg, IN 5 +1.0%
Lebanon, IN 5 +1.24%
Speedway, IN 5 +1.0%
Danville, IN 4 +0.84%
Noblesville, IN 4 +1.19%
Plainfield, IN 3 +1.2%
Westfield, IN 3 +0.94%
Beech Grove, IN 3 +0.88%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,129
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 124
Pet friendly 885
Utilities included 65
Furnished 32
Studio 136
1 Bedroom 576
2 Bedroom 490
Square footage 344 - 1,225

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, West indianapolis, Herron morton, Downtown indianapolis
Old Northside 9
Mapelton 8
West Indianapolis 8
Herron Morton 7
Downtown Indianapolis 4
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