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Apartments Under $1,200 in Indianapolis, IN

211 - 240 of 382 Results
1
$850
3536-3538 N Parker Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
1
$700
5260-5262 Fletcher Ave
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
1
$950
6118 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
12
$749
2372 Beckwith Dr Unit Studio
Indianapolis, IN
Studio | Available Now
Contact
Martindale
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
28
$788
E Sumner Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
4
$947
N Illinois St
Indianapolis, IN
1 BR | Ask for Availability
Contact
7
$990
Weghorst St
Indianapolis, IN
1 BR | Ask for Availability
Contact
57
$774 - 875
26 E 14th St
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Old Northside
6
$895
1728 Milburn St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
22
$1,198
1202 S Meridian
Indianapolis, IN
1 BR | Oct. 15, 2026
Contact
Dog Friendly
Cat Friendly
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
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
6
$850
645 N Exeter Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
7
$1,082
1233 Ingomar St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
19
$1,095
209 W Troy Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
Air Conditioning
7
$852
E Perry St
Indianapolis, IN
1 BR | Ask for Availability
Contact
12
$1,014 - 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
26
$995
1914 Sugar Grove Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
8
$995
37 S Lynhurst Dr
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
8
$930
Spann Ave
Indianapolis, IN
1 BR | Ask for Availability
Contact
23
$995
3101 E 10th St Unit Indianapolis
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
27
$764 - 765
3528 E Fall Creek Pkwy N
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
6
$999
1910 N Euclid Ave
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
6
$1,075
128 S Emerson Ave
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
11
$805
S Denny St
Indianapolis, IN
1 BR | Ask for Availability
Contact
6
$995
4504 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
211 - 240 of 382 Results
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  2. Indianapolis
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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
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