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 431 Results
7
$825
5709 Shimer Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
6
$795
2866 N Dearborn St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
6
$1,180
4461 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
Contact
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
Contact
Air Conditioning
25
$1,150
2428 Brookside Parkway North Dr
Indianapolis, IN
2 BR | Available Now
Contact
House
6
$925
622 Melvenia St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
21
$650 - 1,200
Stone Lake
Deal
2913 E Hanna Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
7
$1,070
4008 N Arlington Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
6
$795
1315 Shepard St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
30
$800
2345 Perkins Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
15
$775
3936 E 10th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
4
$900
2412 N Lesley Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
8
$1,025
1128 S Somerset Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
6
$795
2037 N Luett Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
12
$1,029 - 1,189
Georgetown Woods Senior Apartments
5360 Georgetown Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Senior Community
Income Restricted
Section 8
Balcony/Deck/Patio
17
$575
"coming Soon" 5345 E Washington St. Unit 21 Indpls, In 46219
5345 E Washington St Apt 21 Indianapolis, IN
Studio | Ask for Availability
Contact
House
8
$850
3019 Boulevard Pl
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
17
$575
*coming Soon* 5345 E Washington St. Unit 18 Indpls, In 46219
5345 E Washington St Apt 18 Indianapolis, IN
Studio | Ask for Availability
Contact
House
11
$1,150
555 S Harris Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
9
$1,095
319 S Gray St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
8
$950
1643 N Livingston Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
5
$895
3047 Foltz St
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
10
$995
1518 Kennington St
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
36
$1,025
5703 E Washington St
Indianapolis, IN
2 BR | Mar. 16, 2026
Contact
Dog Friendly
Cat Friendly
13
$899
1005 Sanders St
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
4
$649
5332 E Washington St
Indianapolis, IN
1 BR | Available Now
Contact
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
1
$1,000
3709 Kinnear Ave
3709-3711 Kinnear Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
181 - 210 of 431 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 431 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
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