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 382 Results
32
$1,095
959 Lexington Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Dishwasher
Fletcher Place
7
$895
39 N Tacoma Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
4
$950
1350 Kappes St
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
1
$950
2422 Coyner Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1
$1,000
3709 Kinnear Ave
3709-3711 Kinnear Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
18
$735
721 N Denny St
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
5
$1,100
1702 N Ritter Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
18
$595
5345 E Washington St. Unit 12, Indpls, In 46219
5345 E Washington St Apt 12 Indianapolis, IN
Studio | Ask for Availability
Contact
House
11
$675
Dunbar Court Apartments
1022 Dr Martin Luther King Jr St Indianapolis, IN
Studio | Ask for Availability
Contact
Air Conditioning
In Unit Laundry
Dishwasher
Upper Canal
22
$1,050
2343 Adams St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
18
$1,200
1028 S Sheffield Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
West Indianapolis
20
$1,150
539 W 29th St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
8
$1,095
4723 Munter Ln
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
5
$1,025
*coming Soon* 6134 E. Nelson Pl. Indpls, In 46219
6134 Nelson Pl Indianapolis, IN
2 BR | Ask for Availability
Contact
House
15
$800
Now Available For Rent!!
108 S Heflin St Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
12
$1,195
608 N Oakland Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Dishwasher
7
$925
534 N Alton Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
10
$1,000
*coming Soon* 2102 N Leland Ave. Indpls, In 46218
2102 N Leland Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
6
$960
412 S Gerrard Dr
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
8
$750
Parkside Apartments
2900 S Pennsylvania St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
14
$869
2372 Beckwith Dr Unit 1br
Indianapolis, IN
1 BR | Available Now
Contact
Martindale
7
$965 - 1,140
Monon Walk
6115 Winthrop Ave Indianapolis, IN
Studio - 1 BR | Oct. 9, 2026
Contact
1
$1,095
916-918 Fairfield
916-918 Fairfield Ave Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Mapelton
1
$850
Westside 2 Bedroom Duplex Located Near Harding And 21st Street ( 1/2 Half Off 2nd Month Rent )
2248 N Harding St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
House
13
$749
2372 Beckwith Dr Unit Studio
Indianapolis, IN
Studio | Available Now
Contact
Martindale
3
$929 - 1,189
5220 Luzzane Ln
Indianapolis, IN
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
Surface Parking
Balcony/Deck/Patio
13
$1,199
359 S Ritter Ave Unit C
Indianapolis, IN
2 BR | Available Now
Contact
Cat Friendly
Air Conditioning
Dishwasher
5
$1,100
"coming Soon" 6132 E Nelson Pl. Indpls, In 46219
6132 Nelson Pl Indianapolis, IN
2 BR | Ask for Availability
Contact
House
17
$1,025
2862 Highland Pl
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
5
$895
1230 Taylor Dr W
Indianapolis, IN
2 BR | Ask for Availability
Contact
181 - 210 of 382 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 382 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 486 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 3,421 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 3,924 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. West Indianapolis
  3. Martindale
  4. Herron Morton
  5. Mapelton

Apartments Under $1,200 in Indianapolis, IN: September Rental Information

Welcome to the September 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 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 12 25 37 50 <$700 $720 $760 $800 $840 $880 $920 $960 $1,000 $1,040 $1,080 $1,120 $1,160 $1,200 $1,240 $1,280 $1,320 $1,360 $1,400 $1,440 $1,480
This month, the typical cost to rent a one-bedroom apartment in Indianapolis stands at $1,000, with the majority falling between $680 and $1,590. Out of the 6,253 one-bedroom apartments currently on the market in Indianapolis, 2,885 are priced below $1,200, accounting for 46% of the total available one-bedroom units in Indianapolis.

Available Apartments Under $1,200: Indianapolis vs. Surrounding Areas

Indianapolis, IN
Greenwood, IN
Speedway, IN
Lebanon, IN
Brownsburg, IN
Danville, IN
Beech Grove, IN
Noblesville, IN
Westfield, IN
371
7
5
5
4
4
4
3
3
In September 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 434 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 September M/M % Change
Indianapolis, IN 371 +1.01%
Greenwood, IN 8 +0.93%
Speedway, IN 6 +0.79%
Lebanon, IN 5 +0.97%
Brownsburg, IN 5 +1.03%
Danville, IN 4 +0.82%
Beech Grove, IN 4 +0.61%
Noblesville, IN 4 +1.05%
Westfield, IN 3 +1.0%
Carmel, IN 3 +1.0%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 9,154
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 78
Pet friendly 710
Utilities included 61
Furnished 30
Studio 128
1 Bedroom 467
2 Bedroom 422
Square footage 345 - 1,215

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, West indianapolis, Martindale, Herron morton, Mapelton
Old Northside 10
West Indianapolis 9
Martindale 8
Herron Morton 7
Mapelton 7
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