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1 Bedroom Apartments for Rent in Indianapolis, IN Under $1,200 (526 Rentals) Page 9 of 11
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1 Bedroom Apartments
Monon Park, Managed by Buckingham Monon Living
5801 N Olney StIndianapolis, IN 46220
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Indianapolis, IN Local Guide
How much does it cost to rent an apartment in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis Studio Apartments | $1,180 | $595 | $5,274 |
| Indianapolis 1 Bedroom Apartments | $1,370 | $649 | $4,688 |
| Indianapolis 2 Bedroom Apartments | $1,643 | $563 | $9,476 |
| Indianapolis 3 Bedroom Apartments | $2,022 | $925 | $10,000+ |
| Indianapolis 4 Bedroom Apartments | $1,668 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,946 | $9,946 | $9,946 |
Explore Indianapolis
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If you’re an expert on all things Indianapolis, tell us what you love (and don't) by rating it and writing a review.
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Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Indianapolis, IN Area Reviews
Do you know the Indianapolis area?
Let everyone know!
Write a ReviewWendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about 1 Bedroom Indianapolis Apartments
What is the Cheapest apartment in Indianapolis with 1 Bedroom?
Currently the most affordable 1 Bedroom in Indianapolis is at Volrath listed at $649.
How much is the average rent for a 1 Bedroom Indianapolis Apartment?
The average rent for a 1 Bedroom Apartment in Indianapolis is $1,370.
What is the largest available 1 Bedroom Indianapolis Apartment for rent?
Today's apartment with the most square footage in Indianapolis is a 1,380 square feet unit starting from $1,275 at Chapel Hill Apartments.
What is the average size for Indianapolis 1 Bedroom Apartments for rent?
The average size for a 1 Bedroom rental in Indianapolis is currently 756 sq ft.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!