
2 Bedroom Apartments for Rent in Indianapolis, IN Under $1,200 (338 Rentals) Page 3 of 7


Parkway

Beechmill Apartments

Total Monthly Price
Garden Pointe Apartments

The Meridian

Brookhaven Apartments

Willow Brook

Park View at Beech Grove

Covington Square

Woodhaven Park

Veridian Castleton

Cross Creek Apartments

Autumn Trails Apartments

Horizons Apartments

Stone Ridge Flats and Townhomes

Emerson Village

Marabou Mills

Total Monthly Price
M Club Apartments

Brockton

Willow Glen East

Waterford Place Apartments

The Star

Westbury Court

Bristol Square

Eagle Creek Court

Oak Lake at Crooked Creek

Pebble Point

Plaza at Central Greens

Churchman Woods

Darby Court

Serenity Manor 55+ Independent Active Living

Turtle Creek

INDY FLATS

Union at 16th

Minnie Hartman

Total Monthly Price
The Sheldrake Apartments

1010 Central

Emhardt Apartments

Drake Street Garden Homes

The Washington

Park Forest Apartments

Total Monthly Price
Jamestowne Apartments

City Heights

Pavilion Place

Line Lofts

Sherman Village

Jade North Apartments

Wellington Square Apartments

Stonehenge

Broad Ripple Flats
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.