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Apartments Under $1,200 in Indianapolis, IN

121 - 150 of 432 Results
1
$774 - 975
50 - Saxony Court Apartments
29 S Audubon Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
2
$935
170 - Markwood Associates
920 E Markwood Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$825 - 850
1910 1912 Lexington Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Storage
7
$1,185 - 1,200
Stadium Lofts
1510 Stadium Way Indianapolis, IN
1 BR | Apr. 10, 2026
Contact
Cat Friendly
Fitness Center
Dishwasher
1
$899 - 999
Welcome To Dawson Village – Welcome Home!
2469 S Dawson St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
12
$1,095
706 N Bosart Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
17
$825
912 N Bancroft St
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
16
$1,099
8356 Paso Del Norte Ct
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
4
$1,200
6117 Bettcher Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
18
$1,100
1210 S Sheffield Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
7
$725
5730 E Washington St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
6
$1,180
4461 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
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
$1,000
3709 Kinnear Ave
3709-3711 Kinnear Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$740
251 - 253 S Dearborn
251-253 S Dearborn St Indianapolis, IN
1 BR | Available Now
Dog Friendly
Cat Friendly
Disability Access
1
$1,150
506 508 Emerson Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$971
Historic Irvington Flats
222 S Downey Ave Indianapolis, IN
Studio | Mar. 17, 2026
Contact
Cat Friendly
Storage
Disability Access
6
$925
622 Melvenia St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
21
$650 - 1,200
Stone Lake
Deal
2913 E Hanna Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$1,070
4008 N Arlington Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
6
$795
1315 Shepard St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
West Indianapolis
30
$800
2345 Perkins Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
5
$1,000
4008 E 12 Th St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
15
$775
3936 E 10th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
4
$900
2412 N Lesley Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
17
$975
1022 N Rural St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
12
$1,200
3291 Hovey St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
8
$1,025
1128 S Somerset Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
6
$795
2037 N Luett Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
16
$850
*move In Special!* 3748 Hillside Ave Indpls, In 46218
3748 Hillside Ave Indianapolis, IN
1 BR | Ask for Availability
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House
Dishwasher
121 - 150 of 432 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 432 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 669 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 5,299 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 6,023 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. Herron Morton
  3. Downtown Indianapolis
  4. Upper Canal
  5. Mapelton

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

Welcome to the February 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 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 $1,120, with the majority falling between $730 and $1,590. Out of the 7,896 one-bedroom apartments currently on the market in Indianapolis, 4,816 are priced below $1,200, accounting for 61% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Greenwood, IN
Lebanon, IN
Speedway, IN
Brownsburg, IN
Plainfield, IN
Noblesville, IN
Beech Grove, IN
Lawrence, IN
434
8
7
7
5
4
4
4
4
In February 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 507 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 February M/M % Change
Indianapolis, IN 434 +0.97%
Greenwood, IN 8 +1.06%
Lebanon, IN 8 +1.02%
Speedway, IN 8 +0.93%
Brownsburg, IN 6 +1.06%
Plainfield, IN 5 +0.83%
Noblesville, IN 5 +1.04%
Beech Grove, IN 4 +1.0%
Lawrence, IN 4 +0.75%
Danville, IN 4 +0.9%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 12,671
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 104
Pet friendly 932
Utilities included 102
Furnished 59
Studio 104
1 Bedroom 499
2 Bedroom 476
Square footage 381 - 1,387

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Herron morton, Downtown indianapolis, Upper canal, Mapelton
Old Northside 12
Herron Morton 7
Downtown Indianapolis 6
Upper Canal 6
Mapelton 6
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