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Apartments Under $1,200 in Indianapolis, IN

241 - 270 of 431 Results
7
$895
1119 S Denny St
Indianapolis, IN
2 BR | Available Now
Contact
House
12
$1,200
3291 Hovey St
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
2
$825
Villages At Fall Creek
3520-3534 E Fall Creek Pkwy Indianapolis, IN
1 BR | Feb. 28, 2026
Contact
Dog Friendly
Cat Friendly
17
$575
*coming Soon* 5345 E Washington St. Unit 18 Indpls, In 46219
5345 E Washington St Apt 18 Indianapolis, IN
Studio | Ask for Availability
Contact
House
5
$925
117 N Euclid Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
15
$775
3936 E 10th St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
5
$1,045
6134 E. Nelson Pl. Indpls, In 46219
6134 Nelson Pl Indianapolis, IN
2 BR | Ask for Availability
Contact
House
4
$900
2412 N Lesley Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
12
$1,029 - 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
18
$1,095
Wonderfully Located 2 Bed / 1 Bath Indianapolis Apartment
215 W Troy Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
Air Conditioning
17
$775
*coming Soon*1736 W. Minnesota St. Indpls, In 46221
1736 W Minnesota St Indianapolis, IN
1 BR | Ask for Availability
Contact
House
20
$1,100
227 S Dearborn St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
11
$925
4653 Crestview Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
17
$1,025
West Indianapolis Duplex 2 Bedroom 2 Bath
1129 S Sheffield Ave Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Dishwasher
West Indianapolis
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
Contact
House
6
$1,180
4461 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
17
$575
5345 E Washington St. Unit 17 Indpls, In 46219
5345 E Washington St Apt 17 Indianapolis, IN
Studio | Ask for Availability
Contact
House
17
$975
1022 N Rural St
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
16
$850
*move In Special!* 3748 Hillside Ave Indpls, In 46218
3748 Hillside Ave Indianapolis, IN
1 BR | Ask for Availability
Contact
House
Dishwasher
6
$1,180
4462 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
6
$1,180
4504 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
24
$800
Eastside 2 Bedroom 1 Bath
2240 Barnor Dr Indianapolis, IN
2 BR | Ask for Availability
Contact
House
11
$750
1434 N Denny St
Indianapolis, IN
1 BR | Ask for Availability
Contact
House
17
$975
2153 Wallace Ave
Indianapolis, IN
2 BR | Ask for Availability
Contact
House
Balcony/Deck/Patio
Dishwasher
$925
919 Broadway
Indianapolis, IN
1 BR | Available Now
Contact
Disability Access
Old Northside
$1,000
358 W 26th St
Indianapolis, IN
3 BR | Ask for Availability
Contact
Dog Friendly
Cat Friendly
$860 - 1,095
The Abby
Deal
4656 Edwardian Cir Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
Balcony/Deck/Patio
$1,013
Willard Park
875 Massachusetts Ave Indianapolis, IN
2 BR | Available Now
Contact
0
$990
Ivy Remodel | 1 Bedroom, 1 Bathroom
5078 Audrey Ave Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,200
1509-11 North Chester Avenue
1509 N Chester Ave Indianapolis, IN
2 BR | Available Now
Contact
241 - 270 of 431 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 431 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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