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Apartments Under $1,200 in Indianapolis, IN

151 - 180 of 432 Results
5
$1,045
6134 E. Nelson Pl. Indpls, In 46219
6134 Nelson Pl Indianapolis, IN
2 BR | Ask for Availability
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House
9
$1,050
338 Villa Ave
Indianapolis, IN
4 BR | Ask for Availability
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House
7
$825
5709 Shimer Ave
Indianapolis, IN
2 BR | Ask for Availability
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House
6
$795
2866 N Dearborn St
Indianapolis, IN
3 BR | Ask for Availability
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House
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
18
$1,095
Wonderfully Located 2 Bed / 1 Bath Indianapolis Apartment
215 W Troy Ave Indianapolis, IN
2 BR | Ask for Availability
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Air Conditioning
25
$1,150
2428 Brookside Parkway North Dr
Indianapolis, IN
2 BR | Available Now
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House
15
$1,200
3611 N Linwood Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
7
$1,075
1731 Priscilla Ave
Indianapolis, IN
3 BR | Ask for Availability
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House
37
$695 - 725
3609 Balsam Ave
Indianapolis, IN
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
18
$700
5230 E Washington St
Indianapolis, IN
1 BR | Mar. 16, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
7
$995
111 E 16th St
Indianapolis, IN
1 BR | Apr. 15, 2026
Contact
Dog Friendly
Cat Friendly
Herron Morton
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
17
$975
1022 N Rural St
Indianapolis, IN
2 BR | Ask for Availability
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House
12
$1,200
3291 Hovey St
Indianapolis, IN
2 BR | Available Now
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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
6
$1,180
4462 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
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6
$1,180
4504 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
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24
$800
Eastside 2 Bedroom 1 Bath
2240 Barnor Dr Indianapolis, IN
2 BR | Ask for Availability
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House
16
$925
28 N LaSalle
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
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House
20
$1,100
Bean Creek 2 Bedroom 2 Bath
1705 E Gimber St Indianapolis, IN
3 BR | Ask for Availability
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House
Air Conditioning
Dishwasher
17
$575
5345 E Washington St. Unit 17 Indpls, In 46219
5345 E Washington St Apt 17 Indianapolis, IN
Studio | Ask for Availability
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House
11
$750
1434 N Denny St
Indianapolis, IN
1 BR | Ask for Availability
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House
17
$975
2153 Wallace Ave
Indianapolis, IN
2 BR | Ask for Availability
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House
Balcony/Deck/Patio
Dishwasher
14
$945
1644 Dr Andrew J Brown A *move In Special: 1/2 Off 1st Month's Rent*
1644 Dr Andrew J Brown Ave Indianapolis, IN
1 BR | Ask for Availability
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House
8
$1,199
3334 Laurel St
Indianapolis, IN
3 BR | Ask for Availability
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House
12
$1,095
706 N Bosart Ave
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
6
$950
2906 N Lasalle St
Indianapolis, IN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
151 - 180 of 432 Results
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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 6,024 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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