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Apartments Under $1,200 in Indianapolis, IN

121 - 150 of 383 Results
23
$809 - 1,110
South & Madison
1834 Madison Village Dr Indianapolis, IN
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
15
$1,100
138 S Hawthorne Ln
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
36
$800
3130 E Bradbury Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
1
$850
2910 Winthrop Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,100
1301 N Olney St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
0
$1,189 - 1,789
5220 Luzzane Ln
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
7
$925
2403 N Oxford St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
6
$950
1736 Draper St
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
12
$799
1005 Sanders St
Indianapolis, IN
1 BR | Available Now
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Air Conditioning
0
$905
Experience Luxury Living At Bellagio Living Ii: Modern Apartments In Lawrence, Indiana
8946 Brigadier Dr Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
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
$907 - 1,172
549 N Senate Ave
Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Upper Canal
2
$1,159
School 85
338 S Arlington Ave Indianapolis, IN
1 BR | Available Now
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Cat Friendly
Surface Parking
Storage
6
$649 - 774
Volrath
118 Palmer St Indianapolis, IN
Studio - 1 BR | Available Now
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Dishwasher
20
$1,110 - 1,145
Loch Haven
7938 Island Club Dr Indianapolis, IN
1 BR | Available Now
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1
$1,000
235 N Oakland Ave
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
21
$1,199
2341 Adams St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
5
$795
754 N Somerset Ave
Indianapolis, IN
2 BR | Ask for Availability
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House
6
$895
3999 N Irwin Ave
Indianapolis, IN
2 BR | Ask for Availability
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House
12
$1,000
3141 N Park Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Mapelton
1
$1,000
Just Reduced: Now Showing This 3br, 1 Ba Duplex Located At 3141 N. Park, Indianapolis, In
3141 N Park Ave Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Mapelton
12
$769 - 965
Serenity Park Apartments
9060 E 39th Pl Indianapolis, IN
1 - 2 BR | Apr. 16, 2026
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Dog Friendly
Cat Friendly
1
$939
The Near Northside
1733 N Meridian St Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
Herron Morton
28
$1,200
2310 E 12Th St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
11
$800
1230 N Kealing Ave Unit Bedroom
Indianapolis, IN
1 BR | Mar. 31, 2026
Contact
Air Conditioning
Storage
Dishwasher
20
$767
Munter Ln
Indianapolis, IN
1 BR | Ask for Availability
Contact
1
$950
6118 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
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Dog Friendly
Cat Friendly
1
$850
3510 N. Pennsylvania
Indianapolis, IN
2 BR | Available Now
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Storage
Mapelton
1
$945
60 - Addison Apartments
7155 E 21st St Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
121 - 150 of 383 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 383 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 662 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 5,096 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 5,582 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. Mapelton
  3. Upper Canal
  4. Herron Morton
  5. Downtown Indianapolis

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

Welcome to the March 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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 20 40 60 80 <$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 $1,150, with the majority falling between $730 and $1,580. Out of the 7,999 one-bedroom apartments currently on the market in Indianapolis, 4,448 are priced below $1,200, accounting for 56% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Speedway, IN
Greenwood, IN
Lebanon, IN
Plainfield, IN
Brownsburg, IN
Lawrence, IN
Danville, IN
Noblesville, IN
443
7
7
6
5
5
4
4
4
In March 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 471 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 March M/M % Change
Indianapolis, IN 443 +0.98%
Speedway, IN 8 +0.96%
Greenwood, IN 8 +1.02%
Lebanon, IN 7 +1.11%
Plainfield, IN 6 +0.75%
Brownsburg, IN 5 +1.06%
Lawrence, IN 5 +0.92%
Danville, IN 4 +0.82%
Noblesville, IN 4 +1.04%
Beech Grove, IN 4 +1.12%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,334
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 127
Pet friendly 982
Utilities included 96
Furnished 62
Studio 119
1 Bedroom 556
2 Bedroom 458
Square footage 387 - 1,293

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, Upper canal, Herron morton, Downtown indianapolis
Old Northside 10
Mapelton 6
Upper Canal 5
Herron Morton 5
Downtown Indianapolis 4
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