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Apartments Under $1,200 in Indianapolis, IN

151 - 180 of 371 Results
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
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Dog Friendly
Cat Friendly
1
$950
6118 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
6
$999
Mansion Row - Where Historic Charm Meets Modern Convenience!
2602 Mansion Dr Indianapolis, IN
1 BR | Jul. 10, 2026
Contact
Dog Friendly
Cat Friendly
1
$959
60 - Addison Apartments
7155 E 21st St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Storage
0
$850 - 950
The Sterling
Deal
8020 Madison Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$799
Birchwood Place Apartments
1040 Fairfield Ave Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
1
$1,100
28-30 N Lasalle St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$1,180
715 - 717 Southfield Ct.
715 717 Southfield Ct Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Dishwasher
10
$950
Irvington Living Ii: Renovated Comfort In A Vibrant Neighborhood
4815 E Washington St Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
9
$1,025
338 Villa Ave
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
5
$1,125
3101 S Lyons Ave
Indianapolis, IN
4 BR | Available Now
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House
4
$895
225 Trowbridge St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
11
$649
25 S Emerson Ave Unit B
Indianapolis, IN
1 BR | Available Now
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22
$1,199
2343 Adams St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
7
$875
257 S Temple Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$925
801 Warren Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
7
$1,200
1354 Oliver Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
6
$950
2906 N Lasalle St
Indianapolis, IN
4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
75
$1,150
Remington On Rockville Living
7420 Rockleigh Ave Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$700
2844 2846 Dr Andrew J Brown Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
1
$1,150
1817 1819 Union St
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
20
$1,110
Loch Haven
7938 Island Club Dr Indianapolis, IN
1 BR | Available Now
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0
$975
Experience Luxury Living At Bellagio Living Ii: Modern Apartments In Lawrence, Indiana
8956 Brigadier Dr Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,000
235 N Oakland Ave
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
1
$650
Fountain View Senior Apartments
1044 Shelby St Indianapolis, IN
1 BR | Jun. 1, 2026
Contact
Dog Friendly
Cat Friendly
1
$900
1348-50 Burdsal Pkwy
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
151 - 180 of 371 Results
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  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, 4,722 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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