
2 Bedroom Apartments for Rent in Indianapolis, IN Under $1,200 (336 Rentals) Page 4 of 7


The Davlan

Wellington Square Apartments

Home Place Senior Living

Olivewood

Wildwood Village Apartments

Indy Town Apartments

Encore Apartments

Colonial Park

Benjamin Court

Ashgrove Apartments

Total Monthly Price
5028 E New York St, Unit 5028, Unit 5028

Total Monthly Price
1121 N Dearborn St, Unit 1121 N Dearborn, Unit 1121 N Dearborn

Total Monthly Price
2947 Schofield Ave, Unit 2947, Unit 2947

Total Monthly Price
2941 Schofield Ave, Unit 2941, Unit 2941

1112 N Rural St, Unit 1110 N Rural

3014 W 10th St, Unit 2

2060 N Delaware St, Unit Apt 3

1269 Farley Dr, Unit 1269

2501 English Ave, Unit 2501

4233 E 38th St, Unit B

330 N Arsenal Ave

706-708 N Bosart Ave

3722-3724 N Illinois St

520 S Arlington Ave

4850 E 17th St

225 Trowbridge St

2931 N Tacoma Ave

1635 Central Ave

9128 E 10th St

7047 E 10th St

9126 E 10th St

3709-3711 Kinnear Ave

1468 W 32nd St

1301 N Olney St

1505 N Tuxedo St

6120 Nimitz Dr

429 N Colorado Ave

Three Fountains West Cooperative

Charmwood Terrace

Mayfield Green Cooperative

Addison Creek

Stonekey Apartments

Brownstone Apartments

Arlington Terrace Apartments

Garfield Place

Lakes at Crossbridge

SUITES OF IRVINGTON

Sunstone at Arlington Woods

Wexford on Bishops Pond
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 | $1,182 | $200 | $5,277 |
| Indianapolis 1 Bedroom Apartments | $1,389 | $544 | $6,236 |
| Indianapolis 2 Bedroom Apartments | $1,648 | $545 | $5,843 |
| Indianapolis 3 Bedroom Apartments | $2,030 | $626 | $8,304 |
| Indianapolis 4 Bedroom Apartments | $1,852 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $9,093 | $950 | $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 Postbrook East Apartments listed at $485.
How much is the average rent for a 2 Bedroom Indianapolis Apartment?
The average rent for a 2 Bedroom Apartment in Indianapolis is $1,648.
What is the largest available 2 Bedroom Indianapolis Apartment for rent?
Today's apartment with the most square footage in Indianapolis is a 1,809 square feet unit starting from $4,733 at CityWay.
What is the average size for Indianapolis 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Indianapolis is currently 1,055 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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.