
2 Bedroom Apartments for Rent in Indianapolis, IN Under $1,200 (351 Rentals) Page 4 of 8


Cambridge Commons

Welcome to Dawson Village – Welcome Home!

Total Monthly Price
5841 W 25th St, Unit 1 or 4

Total Monthly Price
2947 Schofield Ave, Unit 2947

1661 N Talbott St, Unit 1

1320 1/2 Norton Ave

1320 1/2 Norton Ave, Unit 2

4200 N Arlington Ave, Unit 3

1112 N Rural St, Unit 1110 N Rural

2159-2159 Bellefontaine St, Unit 2157

2243-2245 Admiral Dr, Unit 2245

1269 Farley Dr, Unit 1269

2060 N Delaware St, Unit Apt 3

3014 W 10th St, Unit 1

1241 W Lee St

311 Eastern Ave

313 Eastern Ave

9130 E 10th St

5960 42nd St

28 S Dearborn St

2111 S Garfield Dr

2348 St Paul St

1742 N Whittier Pl

2919 N Denny St

306 E 19th St

6065 Michigan Rd

2830-30 Lasalle St

5131 E Burgess Ave

915 Marion Ave

1857 W 60th St

4831 E Washington St

3256-3258 W Mooresville Rd

723 Lincoln St

264 N Holmes Ave

330 N Arsenal Ave

706-708 N Bosart Ave

225 Trowbridge St

2931 N Tacoma Ave

3709-3711 Kinnear Ave

1468 W 32nd St

9037 S Eldorado Dr

1301 N Olney St

1505 N Tuxedo St

6136 Nimitz Dr

3030 E 10th St

1702 Winfield Ave

2841 E 19th St

3011 N Tacoma Ave

6120 Nimitz Dr
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 | $1,202 | $575 | $5,300 |
| Indianapolis 1 Bedroom Apartments | $1,371 | $497 | $4,234 |
| Indianapolis 2 Bedroom Apartments | $1,652 | $515 | $7,340 |
| Indianapolis 3 Bedroom Apartments | $2,016 | $626 | $9,199 |
| Indianapolis 4 Bedroom Apartments | $2,017 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $10,246 | $1,300 | $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 The Villages at Mill Crossing listed at $545.
How much is the average rent for a 2 Bedroom Indianapolis Apartment?
The average rent for a 2 Bedroom Apartment in Indianapolis is $1,652.
What is the largest available 2 Bedroom Indianapolis Apartment for rent?
Today's apartment with the most square footage in Indianapolis is a 1,829 square feet unit starting from $3,674 at Axis.
What is the average size for Indianapolis 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Indianapolis is currently 1,058 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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.