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Apartments Under $1,200 in Indianapolis, IN

211 - 240 of 371 Results
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
12
$1,000
3141 N Park Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Mapelton
$950 - 1,295
The Abby
Deal
4656 Edwardian Cir Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Balcony/Deck/Patio
$764 - 1,173
Willard Park
875 Massachusetts Ave Indianapolis, IN
2 - 3 BR | Available Now
Contact
1
$1,099
Newly Remodeled Westside 3 Bedroom Triplex Near Lafayette Rd And Tibbs Avenue
2365 N Goodlet Ave Indianapolis, IN
3 BR | Available Now
Contact
House
1
$775
2025-2027 Southeastern Ave
2025 Southeastern Ave Indianapolis, IN
1 BR | Available Now
Contact
1
$1,195
445-447 N Sherman
Indianapolis, IN
3 BR | Available Now
Contact
1
$950
6015 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$650
1530 - 1532 N Sherman Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$855
Live In Style Without Breaking The Bank At Magnolias Living Apartments Washer & Dryer In-unit
3340 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
1
$846
Downtown Living
430 Massachusetts Ave Indianapolis, IN
2 BR | Available Now
Contact
Downtown Indianapolis
1
$975
816-818 N Bancroft St
Indianapolis, IN
1 BR | Available Now
Contact
0
$850
Lily Upstairs W W/d | Studio
4984 Brock St Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$1,025
College Court Condos (bh&s College Court, Llc)
5347 N College Ave Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
1
$895
2841-2843 E 19th Street
2841 E 19th St Indianapolis, IN
2 BR | Available Now
Contact
1
$775
1354-1356 N Olney St
1354 N Olney St Indianapolis, IN
1 BR | Available Now
Contact
1
$1,150
Downtown Living
430 Massachusetts Ave Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
Downtown Indianapolis
1
$1,000
Downtown Living
430 Massachusetts Ave Indianapolis, IN
1 BR | Available Now
Contact
Dishwasher
Downtown Indianapolis
0
$1,180
4545 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
0
$1,180
4537 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
0
$799 - 1,655
Pine Glen
4259 Burkhart Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
1
$1,200
225 E 62nd St
Unit 225 Indianapolis, IN
1 BR | Available Now
Contact
1
$1,050
7406 E. 53rd
Indianpolis, IN
2 BR | Available Now
Contact
House
0
$715
5819 E Washington Unit 10
Indianapolis, IN
1 BR | Available Now
Contact
0
$1,095
Live In Style At Bellagio East Living I: Convenient And Vibrant Community In Indianapolis
7047 E 10th St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
0
$995
Discover Your Perfect Home At Bellagio North Living I In Indianapolis
1232 W 73rd St Indianapolis, IN
1 BR | Available Now
Contact
Balcony/Deck/Patio
Dishwasher
1
$900
6048 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$700 - 1,000
Perfectly Located Apartments
602 W Hanna Ave Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
211 - 240 of 371 Results
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  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 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 5,507 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 6,097 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 6
Mapelton 6
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