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Apartments Under $1,200 in Indianapolis, IN

211 - 240 of 430 Results
9
$1,195
1905 Delaware St
Indianapolis, IN
3 BR | Available Now
Contact
House
1
$1,050
2 Bed 1 Bath Apartment Home Located In Speedway! Wayne Township
6011 W 25Th St Indianapolis, IN
2 BR | Available Now
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House
Storage
1
$849
5911 W 25th St
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
1
$1,095
Fayette 929
929 Fayette St Indianapolis, IN
1 BR | Ask for Availability
Contact
Air Conditioning
Storage
Disability Access
Dishwasher
Upper Canal
75
$1,150
Bellagio West Living I
7309 Rockleigh Ave Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
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House
2
$825
Villages At Fall Creek
3520-3534 E Fall Creek Pkwy Indianapolis, IN
1 BR | Feb. 28, 2026
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Dog Friendly
Cat Friendly
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
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House
1
$899 - 1,199
Lawrence Glen Apartments
8633 E 46th St Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
19
$907 - 1,172
549 N Senate Ave
Indianapolis, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
Upper Canal
6
$649 - 875
Volrath
118 Palmer St Indianapolis, IN
Studio - 1 BR | Available Now
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Dishwasher
2
$1,159
School 85
338 S Arlington Ave Indianapolis, IN
1 BR | Available Now
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Cat Friendly
Surface Parking
Storage
6
$795
1315 Shepard St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
West Indianapolis
6
$925
622 Melvenia St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
7
$1,070
4008 N Arlington Ave
Indianapolis, IN
3 BR | Ask for Availability
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Dog Friendly
Cat Friendly
House
0
$905
Experience Luxury Living At Bellagio Living Ii: Modern Apartments In Lawrence, Indiana
8932 Brigadier Dr Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
0
$905
Experience Luxury Living At Bellagio Living Ii: Modern Apartments In Lawrence, Indiana
8946 Brigadier Dr Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1
$1,199
Spacious 3 Bedroom Home On Indy's West Side!
1342 Lee St Indianapolis, IN
3 BR | Mar. 9, 2026
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Dog Friendly
Cat Friendly
House
West Indianapolis
2
$650 - 750
The Courts On Monon
3605-3609 Balsam Indianapolis, IN
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
1
$1,100
1301 N Olney St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
8
$1,025
1128 S Somerset Ave
Indianapolis, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
6
$795
2037 N Luett Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
House
10
$895
Irvington Living Ii: Renovated Comfort In A Vibrant Neighborhood
4815 E Washington St Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
5
$950
2633 S Randolph St Unit A
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
23
$809 - 1,110
South & Madison
1834 Madison Village Dr Indianapolis, IN
Studio - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
19
$800
3130 E Bradbury Ave
Indianapolis, IN
1 BR | Available Now
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Dog Friendly
Cat Friendly
12
$825
Fountain Square 2 Bed 1 Bath
518 S State Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Air Conditioning
11
$665
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
17
$975
1022 N Rural St
Indianapolis, IN
2 BR | Ask for Availability
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House
12
$1,200
3291 Hovey St
Indianapolis, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
House
211 - 240 of 430 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 430 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 5,363 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 6,132 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
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