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Apartments Under $1,200 in Indianapolis, IN

121 - 150 of 371 Results
1
$825
3709-3711 Brookside Pkwy S Dr
3709 Brookside Pkwy S Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$950
5907 Staughton Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$625
Ewing 910-12
910-12 Ewing St Indianapolis, IN
1 BR | Ask for Availability
Contact
Storage
Disability Access
1
$1,100
1301 N Olney St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
10
$895
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
$899
Westside 2 Bedroom Duplex Located Near Harding And 21st Street
2248 N Harding St Indianapolis, IN
2 BR | Available Now
Contact
House
5
$895
Monon Walk
6115 Winthrop Ave Indianapolis, IN
Studio | Available Now
Contact
3
$929 - 1,189
5220 Luzzane Ln
Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
6
$950
Meridian Walk Apartments
2063 Meridian Street Indianapolis, IN
1 BR | Ask for Availability
Contact
Herron Morton
19
$1,195
5831 W 25th St Unit 1
Indianapolis, IN
2 BR | Available Now
Contact
Air Conditioning
10
$1,025
1306 Woodlawn Ave Unit 1D
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
4
$1,000
3544 N College Ave Unit 3
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
Mapelton
21
$1,095
1269 Farley Dr Unit 1269
Indianapolis, IN
2 BR | Available Now
Contact
Cat Friendly
16
$750
913 Keystone Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
House
Woodruff Place
9
$1,047 - 1,145
920 North Alabama
Indianapolis, IN
1 BR | Available Now
Contact
Old Northside
1
$650
Fountain View Senior Apartments
1044 Shelby St Indianapolis, IN
1 BR | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
13
$800
Perkins Apartments
2345 Perkins Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$900
1348-50 Burdsal Pkwy
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$950
6049 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
10
$850
Irvington Living Ii: Renovated Comfort In A Vibrant Neighborhood
4801 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$799 - 989
50 - Saxony Court Apartments
29 S Audubon Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$825 - 850
1910 1912 Lexington Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Storage
2
$745 - 949
170 - Markwood Associates
920 E Markwood Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
6
$775 - 995
One Somerset
3765 S State Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$771
N Gladstone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
14
$1,164 - 1,190
Stadium Lofts
1510 Stadium Way Indianapolis, IN
1 BR | Jun. 10, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
9
$788
E New York St
Indianapolis, IN
1 BR | Ask for Availability
Contact
24
$674 - 750
3609 Balsam Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
41
$1,122 - 1,195
111 E 16th St
Indianapolis, IN
1 BR | May. 20, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Herron Morton
28
$889 - 969
Greentree Apartments
2524 Tamarack Ln Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
121 - 150 of 371 Results
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  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 371 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 682 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 5,514 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 6,099 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 $730 and $1,580. Out of the 8,622 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
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 423 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 11
Old Northside 8
Downtown Indianapolis 7
Upper Canal 7
Mapelton 6
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