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Apartments Under $1,200 in Indianapolis, IN

241 - 270 of 373 Results
0
$1,100
302 E 19th St Unit 2A
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Herron Morton
1
$750
3763 Baltimore Ave
Indianapolis, IN
1 BR | Available Now
Contact
1
$950
6154 Commodore Dr
Indianapolis, IN
2 BR | Available Now
Contact
0
$795
Lily | Studio
5148 Audrey Ave Indianapolis, IN
Studio | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,099
Newly Remodeled Westside 3 Bedroom Triplex Near Lafayette Rd And Tibbs Avenue
2365 N Goodlet Ave Indianapolis, IN
3 BR | Available Now
Contact
House
1
$775
2025-2027 Southeastern Ave
2025 Southeastern Ave Indianapolis, IN
1 BR | Available Now
Contact
1
$700 - 1,000
Perfectly Located Apartments
602 W Hanna Ave Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
1
$1,195
445-447 N Sherman
Indianapolis, IN
3 BR | Available Now
Contact
1
$725
Fountain Square 2 Bed 1 Bath
518 S State Ave Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
0
$715
5819 E Washington Street Unit 8
5819 E Washington Unit 8 Indianapolis, IN
Studio | Available Now
Contact
Dishwasher
0
$1,050
1 Bedroom 1 Bathroom | Ivy
4955 Brock St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$1,100
302 E 19th St Unit 2B
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Herron Morton
1
$1,025
4830-4831 E Washington St
Indianapolis, IN
2 BR | Available Now
Contact
0
$925
Live In Style At Bellagio East Living I: Convenient And Vibrant Community In Indianapolis
7043 E 10th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$940 - 990
Devonshire Apartments In Downtown Indianapolis
412 N Alabama St Indianapolis, IN
1 BR | Jun. 5, 2026
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
0
$900 - 1,125
Villa Del Sol Apartments
3636 Mission Dr Indianapolis, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
0
$855
Live In Style Without Breaking The Bank At Magnolias Living Apartments Washer & Dryer In-unit
3330 N Meridian St Indianapolis, IN
1 BR | Available Now
Contact
0
$1,200
306 E 19th St Unit 1B
Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Herron Morton
1
$1,100
1505 N Tuxedo St
Indianapolis, IN
2 BR | Available Now
Contact
0
$665 - 1,584
Garfield Park Village
360 Sandra Ln Indianapolis, IN
Studio - 2 BR | Available Now
Contact
0
$1,180
4411 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
3
$975 - 1,200
8917 Duxbury RD
Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
1
$1,050
Spacious 2 Bedroom 1 Bath Home\
330 S Rural St Indianapolis, IN
2 BR | Jun. 12, 2026
Contact
Dog Friendly
Cat Friendly
House
0
$850
Warren Park 2 Bedroom Apartment
9134 E 10th St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
0
$850
Warren Park 2 Bedroom Apartment
9124 E 10th St Unit 3 Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
0
$725
Warren Park 1 Bedroom Apartment
9124 E 10th St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$1,025
Bondmore Apartments
5960 E 42nd St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$650
1530 - 1532 N Sherman Dr
Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
1
$950
6015 Dickson Rd
Indianapolis, IN
2 BR | Available Now
Contact
0
$750
Magnolias Living Studio Apartments
3330 N Meridian St Indianapolis, IN
Studio | Available Now
Contact
241 - 270 of 373 Results
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Frequently Asked Questions

How many apartments under $1,200 are available in Indianapolis, IN on Rentable.co?

There are 373 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 682 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 5,483 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 6,063 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. Herron Morton
  2. Old Northside
  3. Downtown Indianapolis
  4. Upper Canal
  5. Mapelton

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

Welcome to the May 2026 Indianapolis Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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 $1,100, with the majority falling between $730 and $1,580. Out of the 8,622 one-bedroom apartments currently on the market in Indianapolis, 4,722 are priced below $1,200, accounting for 55% of the total available one-bedroom units in Indianapolis.

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

Indianapolis, IN
Lebanon, IN
Speedway, IN
Greenwood, IN
Plainfield, IN
Brownsburg, IN
Noblesville, IN
Lawrence, IN
Danville, IN
429
8
7
7
6
5
4
4
3
In May 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 423 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 May M/M % Change
Indianapolis, IN 429 +1.03%
Lebanon, IN 8 +0.89%
Speedway, IN 8 +1.04%
Greenwood, IN 7 +1.09%
Plainfield, IN 6 +1.03%
Brownsburg, IN 5 +1.0%
Noblesville, IN 5 +0.92%
Lawrence, IN 4 +1.07%
Danville, IN 4 +1.09%
Carmel, IN 3 +0.95%

Looking for Apartments Under $1,200 in Indianapolis?

Available apartments under $1,200 12,752
Top amenities Fitness Center, Dishwasher, On Site Laundry, Refrigerator, Range / Oven
Deals 106
Pet friendly 875
Utilities included 92
Furnished 55
Studio 109
1 Bedroom 530
2 Bedroom 470
Square footage 369 - 1,335

Where are Indianapolis Apartments Under $1,200?

Top Neighborhoods Herron morton, Old northside, Downtown indianapolis, Upper canal, Mapelton
Herron Morton 11
Old Northside 8
Downtown Indianapolis 7
Upper Canal 6
Mapelton 6
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