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Apartments Under $1,200 in Indianapolis, IN

91 - 120 of 382 Results
1
$1,095
916-918 Fairfield
916-918 Fairfield Ave Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Mapelton
1
$850
Westside 2 Bedroom Duplex Located Near Harding And 21st Street ( 1/2 Half Off 2nd Month Rent )
2248 N Harding St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
House
13
$1,199
359 S Ritter Ave Unit C
Indianapolis, IN
2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Dishwasher
13
$749
2372 Beckwith Dr Unit Studio
Indianapolis, IN
Studio | Available Now
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Martindale
6
$995
4419 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
44
$692 - 753
3609 Balsam Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
26
$750 - 795
5230 E Washington St
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
24
$1,095
111 E 16th St
Indianapolis, IN
1 BR | Nov. 14, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
10
$899 - 1,099
One Somerset
3765 S State Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$950
Irvington Living Ii: Renovated Comfort In A Vibrant Neighborhood
4815 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$895
Just Reduced 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
9
$780
N Linwood Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
11
$850
1635 Lawton Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$799 - 935
Llanhurst Apartments
3541 N Meridian St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$990 - 1,050
The Old Northside
1450 N College Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
In Unit Laundry
Storage
6
$900
William Penn Commons
1925 Westview Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
West Indianapolis
14
$869
2372 Beckwith Dr Unit 1br
Indianapolis, IN
1 BR | Available Now
Contact
Balcony/Deck/Patio
Martindale
26
$1,050 - 1,124
6800 Brendan Way W Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
1
$749
Evergreen On The Monon, Llc
3575 Evergreen Ave Indianapolis, IN
1 BR | Nov. 2, 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
16
$950
159 S Elder Ave
Indianapolis, IN
2 BR | Available Now
Contact
House
0
$900 - 1,100
The Sterling
8020 Madison Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
18
$1,200
1028 S Sheffield Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
20
$1,150
539 W 29th St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
8
$1,095
4723 Munter Ln
Indianapolis, IN
3 BR | Ask for Availability
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House
5
$1,025
*coming Soon* 6134 E. Nelson Pl. Indpls, In 46219
6134 Nelson Pl Indianapolis, IN
2 BR | Ask for Availability
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House
12
$1,195
608 N Oakland Ave
Indianapolis, IN
3 BR | Ask for Availability
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House
Dishwasher
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$1,000
*coming Soon* 2102 N Leland Ave. Indpls, In 46218
2102 N Leland Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
91 - 120 of 382 Results
  1. Home
  2. Indianapolis
  3. Apartments Under $1,200
Frequently Asked Questions

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

There are 382 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 486 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 3,421 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 3,924 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 $38,000.

Which neighborhoods have the most apartments under $1,200 for rent in Indianapolis, IN?

  1. Old Northside
  2. West Indianapolis
  3. Martindale
  4. Herron Morton
  5. Mapelton

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

Welcome to the September 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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 12 25 37 50 <$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 $680 and $1,590. Out of the 6,253 one-bedroom apartments currently on the market in Indianapolis, 2,885 are priced below $1,200, accounting for 46% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Greenwood, IN
Speedway, IN
Lebanon, IN
Brownsburg, IN
Danville, IN
Beech Grove, IN
Noblesville, IN
Westfield, IN
371
7
5
5
4
4
4
3
3
In September 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 434 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 September M/M % Change
Indianapolis, IN 371 +1.01%
Greenwood, IN 8 +0.93%
Speedway, IN 6 +0.79%
Lebanon, IN 5 +0.97%
Brownsburg, IN 5 +1.03%
Danville, IN 4 +0.82%
Beech Grove, IN 4 +0.61%
Noblesville, IN 4 +1.05%
Westfield, IN 3 +1.0%
Carmel, IN 3 +1.0%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 9,154
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 78
Pet friendly 710
Utilities included 61
Furnished 30
Studio 128
1 Bedroom 467
2 Bedroom 422
Square footage 345 - 1,215

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, West indianapolis, Martindale, Herron morton, Mapelton
Old Northside 10
West Indianapolis 9
Martindale 8
Herron Morton 7
Mapelton 7
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