New Apartments for Rent in Indianapolis, IN Under $1,200 (55 Rentals)

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Gathyr
Rent Specials
$1,130 - $1,899Built in 2023Studio to 2 Bedroom Apartments Available Now

Gathyr

1117 E Market StIndianapolis, IN 46202
Corporate Housing
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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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

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946 MLK
Built in 20171 to 3 Bedroom Apartments

946 MLK

946 Dr Martin Luther King Jr StIndianapolis, IN 46202
Corporate Housing
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Plaza at Central Greens
Built in 20251 to 3 Bedroom Apartments

Plaza at Central Greens

3010 W Washington StIndianapolis, IN 46222
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City's End
Built in 2021Studio to 2 Bedroom Apartments

City's End

1441 Prospect StIndianapolis, IN 46203

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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Forty Six Flats
Built in 20251 to 2 Bedroom Apartments

Forty Six Flats

2511 E 46th StIndianapolis, IN 46205
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Grid
Built in 2020Studio to 2 Bedroom Apartments

Grid

520 E Washington StIndianapolis, IN 46204
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The Vue
Built in 2017Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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Proctor Place
Built in 20221 to 3 Bedroom Apartments

Proctor Place

240 N Warman AveIndianapolis, IN 46222
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Slate Run Lofts
Built in 2019Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
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The Reserve at White River
Built in 20221 to 2 Bedroom Apartments

The Reserve at White River

2774 Pixel RdIndianapolis, IN 46222
Senior Living
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Monon Lofts
Built in 20171 to 2 Bedroom Apartments

Monon Lofts

1122 E 16th StIndianapolis, IN 46202
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Greyhound Village
Built in 20161 to 4 Bedroom Apartments

Greyhound Village

3701 Shelby StIndianapolis, IN 46227
Student Housing
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Check Out Indianapolis’s Best Affordable Neighborhoods

Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

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University Lofts
Built in 20191 to 4 Bedroom Apartments

University Lofts

1340 National AveIndianapolis, IN 46227
Student Housing
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Parkside At Tarkington
Built in 20221 to 2 Bedroom Apartments

Parkside At Tarkington

3901 N Meridian StIndianapolis, IN 46208
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The Gables
Built in 20181 to 4 Bedroom Apartments

The Gables

826 Ryland StGreenwood, IN 46143
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Indianapolis, IN Local Guide

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Indianapolis, IN Rentals by Map

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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 New Indianapolis Apartments

What is the Cheapest New apartment in Indianapolis?

Currently the most affordable New Apartment in Indianapolis is at Central @ 29 listed at $543.

How much is the average rent for a New Indianapolis Apartment?

The average rent for a New Apartment in Indianapolis is $2,005.

What is the largest New Indianapolis Apartment for rent?

Today's New apartment with the most square footage in Indianapolis is a 2,675 square feet unit starting from $1,716 at Slate at Fishers District.

What is the average size for Indianapolis New Apartments for rent?

The average size for a New rental in Indianapolis is currently at 662 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

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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.

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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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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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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.

Articles, How-To's, and Tips

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.