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Apartments Under $1,200 in Indianapolis, IN

181 - 210 of 371 Results
13
$800
Perkins Apartments
2345 Perkins Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$950
6049 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
1
$1,000
3709 Kinnear Ave
3709-3711 Kinnear Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
10
$850
Irvington Living Ii: Renovated Comfort In A Vibrant Neighborhood
4801 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$799 - 989
50 - Saxony Court Apartments
29 S Audubon Rd Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
1
$825 - 850
1910 1912 Lexington Ave
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Storage
2
$745 - 949
170 - Markwood Associates
920 E Markwood Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
4
$925
N Illinois St
Indianapolis, IN
1 BR | Ask for Availability
Contact
4
$1,000
3544 N College Ave Unit 3
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
Mapelton
15
$771
N Gladstone Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
10
$1,025
1306 Woodlawn Ave Unit 1D
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
19
$1,195
5831 W 25th St Unit 1
Indianapolis, IN
2 BR | Available Now
Contact
Air Conditioning
1
$971 - 1,179
Historic Irvington Flats
222 S Downey Ave Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Cat Friendly
Storage
Disability Access
14
$1,164 - 1,190
Stadium Lofts
1510 Stadium Way Indianapolis, IN
1 BR | Jun. 10, 2026
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
9
$1,150
3279 Lupine Drive
Indianapolis, IN
2 BR | Available Now
Contact
House
Air Conditioning
Storage
4
$1,100
9162 E 17th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
20
$1,200
2907 Corvallis Cres
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Dishwasher
4
$1,199
1417 Fletcher Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
14
$750
6120 Nimitz Dr
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$1,100
1213 Taylor Dr E
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
17
$550
5345 E Washington St. Unit 30 *$99 Deposit For Qualified Applicants!*
5345 E Washington St Apt 30 Indianapolis, IN
Studio | Ask for Availability
Contact
House
23
$809 - 1,100
South & Madison
1834 Madison Village Dr Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
32
$767 - 1,150
26 E 14th St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Old Northside
13
$875
440 N Lasalle St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
Contact
House
6
$850
2919 N Denny St
Indianapolis, IN
2 BR | Ask for Availability
Contact
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
8
$925
1353 N Olney St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
24
$990 - 1,200
Circle City Apartments
1321 N Meridian St Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fireplace
Old Northside
21
$1,199
2341 Adams St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
181 - 210 of 371 Results
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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 5,513 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 6,098 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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