
2 Bedroom Apartments for Rent in Indianapolis, IN Under $1,200 (338 Rentals) Page 2 of 7


Estates at Crystal Bay

Total Monthly Price
Apartments @ Marten Court

The Life at Wood Springs

Summerwood on Towne Line Apartments

The Life at Creekside Reserve

Greentree Apartments

Heritage Apartments

Fox Club

Waterfront Terrace
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

Fountainview Apartments

Capital Place

Sawmill Apartments

SOUTHPORT AT BUCK CREEK

Total Monthly Price
Timber Point Apartments

Parc Bordeaux Apartments

Keeneland Crest Apartments

Lake Marina Apartments

Fisherman's Village

Overlook at Valley Ridge Apartments

The Oasis

The Masters Apartments

Williamsburg North

Oakbrook Village

The Avenue

The Life at Harrison Trails

Total Monthly Price
The Maywood at Speedway

Paragon Park

Total Monthly Price
Pinnacle West

El Dorado Apartments

Maple Creek Village

Knoll Ridge Townhomes

The Life at Belhaven Place

Covered Bridge

5700 Madison Apartments & Edgewood on Madison

The Stratford

Summit at Keystone

Total Monthly Price
Strawbridge Green

The Life at Northwest Gardens

Cumberland Manor

The Life at White Pines

Christamore Court Rehab LP

One Somerset

Founders Square Senior Apartments, LP

Total Monthly Price
Dogwood Glen

Total Monthly Price
Elmtree Park

Total Monthly Price
Heathmoore - Indianapolis

Woodbridge Castleton

Carriage House East

Mann Village Apartments
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 | $1,160 | $595 | $5,063 |
| Indianapolis 1 Bedroom Apartments | $1,373 | $497 | $4,779 |
| Indianapolis 2 Bedroom Apartments | $1,631 | $563 | $6,265 |
| Indianapolis 3 Bedroom Apartments | $2,036 | $795 | $9,966 |
| Indianapolis 4 Bedroom Apartments | $2,094 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,756 | $1,000 | $10,000+ |
Explore Indianapolis
Indianapolis, IN Area Reviews
Wendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about 2 Bedroom Indianapolis Apartments
What is the Cheapest apartment in Indianapolis with 2 Bedroom?
Currently the most affordable 2 Bedroom in Indianapolis is at East Village at Avondale Meadows Apartments listed at $579.
How much is the average rent for a 2 Bedroom Indianapolis Apartment?
The average rent for a 2 Bedroom Apartment in Indianapolis is $1,631.
What is the largest available 2 Bedroom Indianapolis Apartment for rent?
Today's apartment with the most square footage in Indianapolis is a 2,200 square feet unit starting from $2,599 at Pinnacle on Meridian.
What is the average size for Indianapolis 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Indianapolis is currently 1,053 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.
Helpful Local Expert Guides

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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.