New Apartments for Rent in Indianapolis, IN Under $1,200 (52 Rentals)

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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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Edge 35
Rent Specials
$1,099 - $3,531Built in 2019Studio to 2 Bedroom Apartments Available Now

Edge 35

1224 Prospect StIndianapolis, IN 46203
Transit Friendly
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  • Customer Reviewed
  • Matterport 3D Tour

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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632 MLK Apartments
Built in 2016Studio to 4 Bedroom Apartments

632 MLK Apartments

632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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The Meadows
Built in 20231 to 3 Bedroom Apartments

The Meadows

4016 Meadows WayIndianapolis, IN 46205
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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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The Retreat On Washington
Built in 20151 to 2 Bedroom Apartments

The Retreat On Washington

2950 Kirkbride WayIndianapolis, IN 46222
Senior Living
  • Utilities Included

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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Grid
Built in 2020Studio to 2 Bedroom Apartments

Grid

520 E Washington StIndianapolis, IN 46204
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The Haciendas
Built in 20151 to 3 Bedroom Apartments

The Haciendas

3816 Trilbey DrIndianapolis, IN 46235
  • Utilities Included
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Slate Run Lofts
Built in 2019Studio to 2 Bedroom Apartments

Slate Run Lofts

9555 International DrIndianapolis, IN 46268
  • Smoke Free
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Monon Lofts
Built in 20171 to 2 Bedroom Apartments

Monon Lofts

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

Greyhound Village

3701 Shelby StIndianapolis, IN 46227
Student Housing
  • Utilities Included
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University Lofts
Built in 20191 to 4 Bedroom Apartments

University Lofts

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

Parkside At Tarkington

3901 N Meridian StIndianapolis, IN 46208
Senior Living

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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Highpointe on Meridian
Built in 20151 to 3 Bedroom Apartments

Highpointe on Meridian

13415 Highpointe BlvdCarmel, IN 46032
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Mosaic Apartments
Built in 20181 to 3 Bedroom Apartments

Mosaic Apartments

8155 Montage AveAvon, IN 46123
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Harpers Crossing
Built in 20221 to 3 Bedroom Apartments

Harpers Crossing

311 Harpers CrossingPlainfield, IN 46168
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The Gables
Built in 20181 to 4 Bedroom Apartments

The Gables

826 Ryland StGreenwood, IN 46143
  • Utilities Included
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Cumberland Cottages
Built in 20242 to 3 Bedroom Apartments

Cumberland Cottages

13995 Cumberland RdFishers, IN 46038

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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Haven Homes
Built in 20211 to 3 Bedroom Apartments

Haven Homes

556 Ally BlvdPlainfield, IN 46168
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Indianapolis, IN Local Guide

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.

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Pet Friendly Lifestyle
Indianapolis, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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

Explore Indianapolis, IN Rentals by Map

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See the most popular apartments and homes in Indianapolis, IN

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Indianapolis, IN Apartments Map
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Indianapolis, IN Rental Homes Map

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.

Indianapolis, IN Area Reviews

  • Parks
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  • Local Vibes
  • Restaurants
  • Location
  • Traffic
  • Public Transportation
  • Outdoor Access
  • Cost of Living
  • Safety

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 Vivio on Tenth listed at $550.

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

The average rent for a New Apartment in Indianapolis is $1,910.

What is the largest New Indianapolis Apartment for rent?

Today's New apartment with the most square footage in Indianapolis is a 2,300 square feet unit starting from $1,503 at Quarry at River North.

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

The average size for a New rental in Indianapolis is currently at 649 sq ft.

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.

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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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.