Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Indianapolis area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $1,200 in Indianapolis, IN

181 - 210 of 383 Results
10
$950
Irvington Living Ii: Renovated Comfort In A Vibrant Neighborhood
4815 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
17
$1,200
3624 N Illinois St Unit 3624
Indianapolis, IN
2 BR | Jun. 8, 2026
Contact
Storage
8
$819 - 1,149
Harrison Point Apartments
9093 E Bourbon St Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
1
$1,000
Historic Irvington Flats
222 S Downey Ave Indianapolis, IN
Studio | Apr. 8, 2026
Contact
Cat Friendly
Storage
Disability Access
12
$1,085
26 E 14th St
Indianapolis, IN
1 BR | Jun. 15, 2026
Contact
Dog Friendly
Cat Friendly
Old Northside
10
$1,095
708 E 11th St Unit 10
Indianapolis, IN
2 BR | Ask for Availability
Contact
Old Northside
7
$895
2348 Saint Paul
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$645
Coming Soon: 1 Bedroom/1 Bathroom Located At 805 Jefferson Ave.
805 Jefferson Ave Indianapolis, IN
1 BR | Apr. 10, 2026
Contact
Dog Friendly
Cat Friendly
House
Woodruff Place
1
$950
5907 Staughton Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$1,050
The Old Northside
1450 N College Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
19
$800
328 N Euclid Ave Unit Apt
Indianapolis, IN
1 BR | Apr. 7, 2026
Contact
Air Conditioning
Storage
Dishwasher
9
$1,050
338 Villa Ave
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
20
$1,100
227 S Dearborn St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
17
$800
3541 N Meridian St Apt 308
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Dishwasher
14
$899
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
Contact
House
10
$750
Gent Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
9
$784
N Moreland Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
15
$725
1755 W Morris St Unit C
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
West Indianapolis
17
$1,100
Welcome To This Charming Home For Rent!
8040 Goldenrod Ct Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
17
$575
*coming Soon* 5345 E. Washington St. Unit 32 Indpls, In 46219
5345 E Washington St Apt 32 Indianapolis, IN
Studio | Ask for Availability
Contact
House
4
$1,050
2415 N Oxford St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
19
$925
3541 N Meridian St Apt 104
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
17
$975
*move In Special!* 1022 N Rural St. Indpls, In 46201
1022 N Rural St Indianapolis, IN
2 BR | Ask for Availability
Contact
House
0
$975
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
$700
Pilgrim
1015 W 31St St Indianapolis, IN
Studio | Available Now
Contact
Storage
1
$950
6028 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
36
$839 - 909
The Courts Apartment Homes
4425 Linwood Ct Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$950
6111 Laurel Hall Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
13
$850
2415 N College Ave Unit 2
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
181 - 210 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
Browse Indianapolis Apartments
Indianapolis Apartments by Neighborhood
Indianapolis Apartments by Bedrooms
Indianapolis Apartments by Affordability
Indianapolis Apartments with Amenities
Indianapolis Apartments by Type
Colleges Near Indianapolis
Indianapolis Apartments by Zip Code