
Apartments for Rent in Indianapolis, IN Under $1,200 (579 Rentals)


Lockerbie Flats

Residence on Penn

River Crossing

Temple Lofts

Stone Ridge Flats and Townhomes

Vanguard at 16 Tech

Ralston Apartments

The Lodge at Trails Edge

Nook Nine
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Broad Ripple Flats

Aspen Lakes

Riverview

Aberdeen Apartments at Heartland Crossing

Northwood on the Trail

Center Point

School 85

Bishop Pond Residences Apartments

Riley Towers

Covington Square
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Creek Bay

Heritage Apartments

Crooked Creek

Northampton Village Apartments

Willow Brook

The Manning Apartment Homes

Paragon Park

The Continental Towers at Vermont Place

Ashton Brook

Enclave at Eagle Creek Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Waterfront Pointe

Woods of Castleton

Forte Apartments

Estates of Creekside Apartments

Autumn Chase

Lakeshore Reserve Off 86th Apartments and Townhomes

Summerwood on Towne Line Apartments

Harrison Place Apartments

Buckingham & Balmoral
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Assembly

Fountain Parc

The Stella

Arborwood Apartments

Ninth Avenue Apartments

Martinique Terrace

Stadium Lofts & Flats

Shore Acres
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Aspen Pointe Apartments

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Edge 35
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 Under $1200 | $1,255 | $595 | $5,271 |
Indianapolis 1 Bedroom Apartments Under $1200 | $1,407 | $597 | $4,292 |
Indianapolis 2 Bedroom Apartments Under $1200 | $1,683 | $695 | $5,710 |
Indianapolis 3 Bedroom Apartments Under $1200 | $2,060 | $1,095 | $10,000+ |
Indianapolis 4 Bedroom Apartments Under $1200 | $1,536 | $550 | $4,839 |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore Indianapolis

Indianapolis, IN Local Guide
- Indianapolis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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.
Frequently Asked Questions about Indianapolis
How much are Studio apartments in Indianapolis?
There are currently 252 Studio Apartments in Indianapolis with rent ranges from $595 to $5,271 with an average price of $1,255.
What is the current price range for One Bedroom Indianapolis Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Indianapolis ranges from $597 to $4,292 with an average monthly rent of $1,407.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $695 to $5,710. Today's average rental price for Two Bedrooms here is $1,683.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 435 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $1,095 to $11,670 - averaging $2,060 for the location.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.