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Apartments Under $1,200 in Indianapolis, IN

211 - 240 of 383 Results
15
$725
1755 W Morris St Unit C
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
West Indianapolis
14
$899
1644 Dr Andrew J Brown A *move In Special: 1/2 Off 1st Month's Rent*
1644 Dr Andrew J Brown Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
House
17
$1,100
Welcome To This Charming Home For Rent!
8040 Goldenrod Ct Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Air Conditioning
In Unit Laundry
Dishwasher
5
$1,000
*move In Special!* 6134 E. Nelson Pl. Indpls, In 46219
6134 Nelson Pl Indianapolis, IN
2 BR | Ask for Availability
Contact
House
12
$1,175
608 N Oakland Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
Dishwasher
17
$575
*coming Soon* 5345 E. Washington St. Unit 32 Indpls, In 46219
5345 E Washington St Apt 32 Indianapolis, IN
Studio | Ask for Availability
Contact
House
4
$1,050
2415 N Oxford St
Indianapolis, IN
2 BR | Ask for Availability
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House
Dishwasher
19
$925
3541 N Meridian St Apt 104
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
10
3D Tour
$825 - 1,075
Brookhaven Apartments
3900 N Shadeland Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
20
$1,110 - 1,145
Loch Haven
7938 Island Club Dr Indianapolis, IN
1 BR | Available Now
Contact
1
$1,000
235 N Oakland Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
9
$1,150
2422 Coyner Ave
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
22
$775
3534 E Fall Creek Pkwy N
Indianapolis, IN
1 BR | Mar. 31, 2026
Contact
Dog Friendly
Cat Friendly
7
$895
5660 E 23rd St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
8
$925
222 N Pershing Ave
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
7
$950
1322 W 26th St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
8
$995
1230 S South Chester Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
5
$1,100
*coming Soon* 1213 Taylor Dr. E. Indpls, In 46219
1213 Taylor Dr E Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
18
$800
3541 N Meridian St Apt 310
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Dishwasher
$1,145
Trail Side On Mass Ave
875 Massachusetts Ave Indianapolis, IN
1 BR | Available Now
Contact
Income Restricted
Surface Parking
In Unit Laundry
Balcony/Deck/Patio
Storage
1
$850
802 Denny
Indianapolis, IN
1 BR | Available Now
Contact
1
$900
6048 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$824
3534 Dr Martin Luther King Jr St
Indianapolis, IN
1 BR | Available Now
Contact
0
$849 - 1,369
Pine Glen
4259 Burkhart Dr Indianapolis, IN
1 BR | Available Now
Contact
1
$1,200
225 E 62nd St
Unit 225 Indianapolis, IN
1 BR | Available Now
Contact
1
$750
098
2861 S Roena St Indianapolis, IN
1 BR | Available Now
Contact
0
$795
5819 E Washington Street - Unit 13
5819 E Washington Unit 13 Indianapolis, IN
1 BR | Apr. 19, 2026
Contact
0
$925
Live In Style At Bellagio East Living I: Convenient And Vibrant Community In Indianapolis
7051 E 11th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$900
6108 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
1
$1,000
7346 East 54th Street
E 54th St Indianapolis, IN
3 BR | Available Now
Contact
211 - 240 of 383 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 383 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 662 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 5,096 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 5,582 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. Mapelton
  3. Upper Canal
  4. Herron Morton
  5. Downtown Indianapolis

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

Welcome to the March 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 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 20 40 60 80 <$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 $1,150, with the majority falling between $730 and $1,580. Out of the 7,999 one-bedroom apartments currently on the market in Indianapolis, 4,448 are priced below $1,200, accounting for 56% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Speedway, IN
Greenwood, IN
Lebanon, IN
Plainfield, IN
Brownsburg, IN
Lawrence, IN
Danville, IN
Noblesville, IN
443
7
7
6
5
5
4
4
4
In March 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 471 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 March M/M % Change
Indianapolis, IN 443 +0.98%
Speedway, IN 8 +0.96%
Greenwood, IN 8 +1.02%
Lebanon, IN 7 +1.11%
Plainfield, IN 6 +0.75%
Brownsburg, IN 5 +1.06%
Lawrence, IN 5 +0.92%
Danville, IN 4 +0.82%
Noblesville, IN 4 +1.04%
Beech Grove, IN 4 +1.12%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,334
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 127
Pet friendly 982
Utilities included 96
Furnished 62
Studio 119
1 Bedroom 556
2 Bedroom 458
Square footage 387 - 1,293

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, Upper canal, Herron morton, Downtown indianapolis
Old Northside 10
Mapelton 6
Upper Canal 5
Herron Morton 5
Downtown Indianapolis 4
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