Apartments for Rent in Indianapolis, IN Under $1,200 (640 Rentals)

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Harrison Place Apartments
$1,195 - $3,276
Total Monthly Price

Total Monthly Price

Base Rent
$1,151 - $3,232
Required Monthly Fees
$44
Total Monthly Price
$1,195 - $3,276
1 to 3 Bedroom Apartments Available Now

Harrison Place Apartments

5812 Beatle DrIndianapolis, IN 46216
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Center Point
$1,190 - $2,745
Total Monthly Price

Total Monthly Price

Base Rent
$1,102 - $2,657
Required Monthly Fees
$88
Total Monthly Price
$1,190 - $2,745
1 to 3 Bedroom Apartments Available Now

Center Point

6710 Hollow Run PlIndianapolis, IN 46214
Corporate Housing
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  • Low Income

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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Aspen Lakes
$1,185 - $1,985
Total Monthly Price

Total Monthly Price

Base Rent
$1,161 - $1,961
Required Monthly Fees
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1 to 3 Bedroom Apartments Available Now

Aspen Lakes

7202 Winslet BlvdIndianapolis, IN 46217
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Ralston Apartments
Rent Specials
$1,181 - $3,496
Total Monthly Price

Total Monthly Price

Base Rent
$1,102 - $3,417
Required Monthly Fees
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Total Monthly Price
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1 to 4 Bedroom Apartments Available Now

Ralston Apartments

1201 Indiana AveIndianapolis, IN 46202
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  • Utilities Included
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The Delaware Apartments
Rent Specials
$1,175 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$1,140 - $1,315
Required Monthly Fees
$35
Total Monthly Price
$1,175 - $1,350
Studio to 1 Bedroom Apartments Available Now

The Delaware Apartments

2205 N Delaware StIndianapolis, IN 46205
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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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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.

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Wylde at Eagle Creek
$1,144 - $2,432
Total Monthly Price

Total Monthly Price

Base Rent
$1,133 - $2,421
Required Monthly Fees
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Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Wylde at Eagle Creek

6612 Eagle Pointe DrIndianapolis, IN 46254
Corporate Housing
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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.

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Indy 7925
Rent Specials
$1,115 - $1,817
Total Monthly Price

Total Monthly Price

Base Rent
$1,065 - $1,767
Required Monthly Fees
Varies
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Indy 7925

7925 Palawan DrIndianapolis, IN 46239
Corporate Housing
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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.

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Indianapolis, IN Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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.

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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.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Indianapolis, IN Area Reviews

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Wendy • 3+ years in Indianapolis

August 10, 2025

One of Indiana's most beautiful cities!

Frequently Asked Questions about Indianapolis

How much are Studio apartments in Indianapolis?

There are currently 522 Studio Apartments in Indianapolis with rent ranges from $595 to $4,832 with an average price of $1,166.

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 $497 to $4,444 with an average monthly rent of $1,380.

What does renting a Two Bedroom Apartment in Indianapolis cost?

The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $775 to $6,381. Today's average rental price for Two Bedrooms here is $1,641.

How expensive are Indianapolis Three Bedroom Apartments?

There are currently 507 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $850 to $8,404 - averaging $2,054 for the location.

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

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.