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

211 - 240 of 398 Results
4
$300
1635 Draper St
Indianapolis, IN
Studio | Available Now
Contact
16
$705
The Sheldrake
2258 N Meridian St Indianapolis, IN
Studio | Ask for Availability
Contact
Air Conditioning
Fitness Center
44
$774 - 1,155
Retreat Northwest
1130 Racquet Club N Dr Indianapolis, IN
1 - 3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Fitness Center
Storage
22
$995
1132 N Oxford St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
53
$793 - 875
26 E 14th St
Indianapolis, IN
Studio - 1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Old Northside
1
$928 - 1,135
The Near Northside
1733 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Disability Access
Herron Morton
12
$794 - 1,040
Serenity Park Apartments
9060 E 39th Pl Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$900 - 950
6059 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
5
$1,200
3544 N College Ave Unit 1
Indianapolis, IN
1 BR | Available Now
Contact
Air Conditioning
Dishwasher
Mapelton
4
$1,099
Elevate Keystone Apartments
8468 Union Chapel Rd Indianapolis, IN
Studio | Available Now
Contact
0
$900 - 1,000
The Sterling
8020 Madison Ave Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
1
$799
Evergreen On The Monon, Llc
3575 Evergreen Ave Indianapolis, IN
1 BR | Sep. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
1
$899
Birchwood Place Apartments
1040 Fairfield Ave Indianapolis, IN
1 BR | Oct. 1, 2026
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
Mapelton
1
$950
28-30 N Lasalle St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
18
$1,200
2312 E 12 Th St Unit 2312
Indianapolis, IN
2 BR | Sep. 15, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
17
$649 - 976
M Club
1.0
7007 Courthouse Dr Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Surface Parking
Balcony/Deck/Patio
19
$926 - 1,079
The Aura
3035 W 39th St Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Student
Luxury
Air Conditioning
38
$679 - 840
Arlington Green (Indy Town)
1.4
6046 E 21st Street, Suite 1b Management Office Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Surface Parking
Fitness Center
12
$625 - 985
Berkley Commons Apartments
8201 Madison Ave Indianapois, IN
1 - 4 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
40
$742 - 745
5703 E Washington St
Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
7
$549 - 859
Estates At Crystal Bay
7136 East Crystal Bay Drive Indianapolis, IN
1 - 3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Townhome
Surface Parking
Balcony/Deck/Patio
24
$745 - 1,185
Circle City Apartments
4.4
1321 N. Meridian St. Indianapolis, In 46202 Indianapolis, IN
Studio - 1 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
Townhome
Fitness Center
Dishwasher
6
$895
1728 Milburn St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
6
$995
1344 W 26th St
Indianapolis, IN
4 BR | Ask for Availability
Contact
House
19
$950
940 Woodruff Place Middle Dr
Indianapolis, IN
1 BR | Sep. 14, 2026
Contact
Dog Friendly
Cat Friendly
Woodruff Place
14
$850
The Reserves at Warren Park
9120 E. 10Th Street Indianapolis, IN
2 BR | Available Now
Contact
Cat Friendly
Balcony/Deck/Patio
10
$659 - 899
Rosewood Commons
4.0
5549 Rosewood Commons Dr. Indianapolis, IN
Studio - 2 BR | Available Now
Contact
Air Conditioning
Balcony/Deck/Patio
1
$899 - 1,095
Welcome To Dawson Village – Welcome Home!
2469 S Dawson St Indianapolis, IN
2 BR | Aug. 17, 2026
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$1,070
Updated 2 Bedroom Townhouse - Garfield Park-south Neighborhood
2746 Shelby St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$895
Irvington Living III
4926 E Washington St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
211 - 240 of 398 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 398 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 571 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 5,247 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 6,302 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. Old Northside
  2. Mapelton
  3. West Indianapolis
  4. Herron Morton
  5. Downtown Indianapolis

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

Welcome to the August 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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 17 35 52 70 <$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 $1,010, with the majority falling between $720 and $1,520. Out of the 8,533 one-bedroom apartments currently on the market in Indianapolis, 4,745 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
Greenwood, IN
Brownsburg, IN
Lebanon, IN
Speedway, IN
Danville, IN
Noblesville, IN
Plainfield, IN
Westfield, IN
373
7
5
4
4
3
3
3
3
In August 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 441 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 August M/M % Change
Indianapolis, IN 373 +1.04%
Greenwood, IN 7 +0.93%
Brownsburg, IN 5 +1.0%
Lebanon, IN 5 +1.24%
Speedway, IN 5 +1.0%
Danville, IN 4 +0.84%
Noblesville, IN 4 +1.19%
Plainfield, IN 3 +1.2%
Westfield, IN 3 +0.94%
Beech Grove, IN 3 +0.88%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 13,129
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 124
Pet friendly 885
Utilities included 65
Furnished 32
Studio 136
1 Bedroom 576
2 Bedroom 490
Square footage 344 - 1,225

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Old northside, Mapelton, West indianapolis, Herron morton, Downtown indianapolis
Old Northside 9
Mapelton 8
West Indianapolis 8
Herron Morton 7
Downtown Indianapolis 4
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