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Apartments Under $1,200 in Indianapolis, IN

241 - 270 of 383 Results
0
$699 - 1,598
Garfield Park Village
360 Sandra Ln Indianapolis, IN
Studio - 2 BR | Available Now
Contact
0
$985
Ivy Upstairs W W/d | 1 Bedroom, 1 Bathroom
4907 Lily Ln Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$1,100
Welcome To 6128 E 11th St, A Newly Remodeled Gem Located In The Heart Of Indianapolis!
6128 E 11th St Indianapolis, IN
2 BR | Apr. 1, 2026
Contact
Dog Friendly
Cat Friendly
House
1
$1,100
3632-3634 Birchwood Ave
Indianapolis, IN
3 BR | Available Now
Contact
0
$750
5819 E Washington Unit 14
Indianapolis, IN
1 BR | Available Now
Contact
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
0
$1,180
4411 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$1,195
Emerton Place Townhomes
5010 5056 Emerton Pl Indianapolis, IN
2 BR | Apr. 1, 2026
Contact
Dog Friendly
Cat Friendly
1
$850
5953-55 Rawles Avenue
5953 Rawles Ave Indianapolis, IN
1 BR | Available Now
Contact
0
$825
Warren Park 2 Bedroom Apartment
9126 E 10th St Indianapolis, IN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
1
$890 - 990
Devonshire Apartments In Downtown Indianapolis
412 N Alabama St Indianapolis, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Downtown Indianapolis
0
$1,050 - 1,180
Villa Del Sol Apartments
3636 Mission Dr Indianapolis, IN
1 - 2 BR | Jul. 9, 2026
Contact
Dog Friendly
Cat Friendly
Dishwasher
1
$975
440 N Lasalle St
Indianapolis, IN
3 BR | Ask for Availability
Contact
House
1
$1,000
2 Bed 1 Bath Townhome Located In Speedway
6101 W 25th St Indianapolis, IN
2 BR | Available Now
Contact
House
1
$1,000
1138 W 36th St
Indianapolis, IN
2 BR | Available Now
Contact
1
$1,000
1468 W 32nd St
Indianapolis, IN
2 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
2
$1,180
4529 Park Forest Ct
Indianapolis, IN
2 BR | Ask for Availability
Contact
1
$700 - 1,000
Perfectly Located Apartments
602 W Hanna Ave Indianapolis, IN
1 - 2 BR | Ask for Availability
Contact
1
$1,000
3105 Adams St
Indianapolis, IN
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
1
$1,200
636 N Oakland Ave
Indianapolis, IN
3 BR | Available Now
Contact
1
$1,000
1065 W 33rd St
Indianapolis, IN
Studio | Available Now
Contact
0
$849
Spacious 1 Bed 1 Bath In The Heart Of Speedway!
5921 W 25th St Indianapolis, IN
1 BR | Available Now
Contact
241 - 270 of 383 Results
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  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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