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Apartments Under $1,200 in Indianapolis, IN

151 - 180 of 383 Results
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
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
21
$1,150
120 N Sheffield Ave
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
28
$1,200
2310 E 12Th St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
11
$800
1230 N Kealing Ave Unit Bedroom
Indianapolis, IN
1 BR | Mar. 31, 2026
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Air Conditioning
Storage
Dishwasher
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
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6
$950
2906 N Lasalle St
Indianapolis, IN
4 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$950
6118 Dickson Rd
Indianapolis, IN
2 BR | Available Now
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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
1
$1,100
Newly Remodeled 3 Bedroom Home
753 N Arnolda Ave Indianapolis, IN
3 BR | Available Now
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House
Storage
1
$1,200
Welcome To This Charming 2-bedroom, 1-bathroom Single-family Home Located In The Heart Of Indianapolis
3469 Graceland Ave Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
1
$950
6051 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
1
$925
College Corner At The Park Apartments
1704 N College Ave Indianapolis, IN
1 BR | Jun. 1, 2026
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
14
$750
4522 E Washington St Unit Bedroom
Indianapolis, IN
1 BR | Apr. 11, 2026
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Air Conditioning
Storage
Dishwasher
8
$1,100
1712 E Maryland St
Indianapolis, IN
Studio | Apr. 22, 2026
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House
Air Conditioning
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
8
$850
3019 Boulevard Pl
Indianapolis, IN
3 BR | Ask for Availability
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House
22
$1,199
2343 Adams St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
7
$895
257 S Temple Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
9
$1,195
1905 Delaware St
Indianapolis, IN
3 BR | Available Now
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House
1
$899 - 950
Welcome To Dawson Village – Welcome Home!
2469 S Dawson St Indianapolis, IN
2 BR | Mar. 31, 2026
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
75
$1,150
Bellagio West Living I
7309 Rockleigh Ave Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$1,050
2 Bed 1 Bath Apartment Home Located In Speedway! Wayne Township
6011 W 25Th St Indianapolis, IN
2 BR | Available Now
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House
Storage
1
$699 - 999
Oxmoor Indy
3640 N Meridian St Indianapolis, IN
1 - 3 BR | Available Now
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Storage
6
$1,025
550 Fletcher Ave
Indianapolis, IN
1 BR | Available Now
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Fletcher Place
20
$1,010 - 1,069
549 Senate Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Upper Canal
4
$775
941 W 26th St Unit 1
Indianapolis, IN
1 BR | Available Now
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Air Conditioning
Dishwasher
1
$895 - 1,100
6933 Buckridge West Dr
Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Section 8
Fitness Center
Storage
151 - 180 of 383 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 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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