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Apartments Under $1,200 in Indianapolis, IN

121 - 150 of 382 Results
12
$1,195
608 N Oakland Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Dishwasher
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
Contact
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
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House
Dishwasher
6
$960
412 S Gerrard Dr
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
8
$965 - 1,140
Monon Walk
6115 Winthrop Ave Indianapolis, IN
Studio - 1 BR | Oct. 9, 2026
Contact
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
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Dog Friendly
House
3
$858 - 1,574
5220 Luzzane Ln
Indianapolis, IN
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
1
$1,095
916-918 Fairfield
916-918 Fairfield Ave Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Mapelton
13
$1,199
359 S Ritter Ave Unit C
Indianapolis, IN
2 BR | Available Now
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Cat Friendly
Air Conditioning
Dishwasher
13
$749
2372 Beckwith Dr Unit Studio
Indianapolis, IN
Studio | Available Now
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Martindale
1
$999 - 1,099
Lawrence Glen Apartments
8633 E 46th St Indianapolis, IN
1 - 2 BR | Oct. 1, 2026
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Dog Friendly
Cat Friendly
Storage
Disability Access
19
$835 - 999
549 N Senate Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
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
7
$599 - 775
Volrath
118 Palmer St Indianapolis, IN
1 - 2 BR | Available Now
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Dishwasher
17
$875
3058 Brookside Pkwy N Dr Unit 3058
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
9
$1,079
2372 Beckwith Dr Unit 2br
Indianapolis, IN
2 BR | Available Now
Contact
Balcony/Deck/Patio
Martindale
0
$995
Experience Luxury Living At Bellagio Living Ii: Modern Apartments In Lawrence, Indiana
8951 Brigadier Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,199 - 2,501
Penn Street Tower Apartments
115 N Pennsylvania St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Dishwasher
2
$899 - 1,864
7936 Timber Ridge Dr
Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
Pool
1
$1,150
901 N Bradley Ave
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$825
Mills 969-971
969-971 E Mills Ave Indianapolis, IN
1 BR | Available Now
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Storage
36
$969
The Courts Apartment Homes
4425 Linwood Ct Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$950
6111 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
32
$979 - 1,199
Greentree Apartments
2524 Tamarack Ln Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$959
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
1
$950
** $250 Move-in Concession ** Close To Downtown Indy And The Monon Trail, Affordable And 2 Bedroom Available Now!
3214 Hovey St Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
8
$1,199
Ashton Park Apartments
2957 E 47th St Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$700
5260-5262 Fletcher Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
1
$850
3536-3538 N Parker Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
1
$950
6118 Dickson Rd
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
121 - 150 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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