Top Rated Apartments for Rent in Indianapolis, IN Under $1,200 (96 Rentals) Page 2 of 2

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Apartments in Indianapolis with the best features, newest construction, and richest amenities.

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Pinnex
Studio to 3 Bedroom Apartments

Pinnex

931 Fletcher AveIndianapolis, IN 46203
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632 MLK Apartments
Studio to 4 Bedroom Apartments

632 MLK Apartments

632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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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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Blacherne Apartments
Studio to 3 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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800 Capitol
1 to 2 Bedroom Apartments

800 Capitol

800 N Capitol AveIndianapolis, IN 46204
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Dakota Ridge
1 to 3 Bedroom Apartments

Dakota Ridge

1510 Dakota Ridge DrIndianapolis, IN 46217
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Grid
Studio to 2 Bedroom Apartments

Grid

520 E Washington StIndianapolis, IN 46204
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Monon Lofts
1 to 2 Bedroom Apartments

Monon Lofts

1122 E 16th StIndianapolis, IN 46202
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The Reserve at White River
1 to 2 Bedroom Apartments

The Reserve at White River

2774 Pixel RdIndianapolis, IN 46222
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University Lofts
1 to 4 Bedroom Apartments

University Lofts

1340 National AveIndianapolis, IN 46227
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College Crossing
2 to 4 Bedroom Apartments

College Crossing

1840 National AveIndianapolis, IN 46227
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PICCADILLY
Studio to 3 Bedroom Apartments

PICCADILLY

28 E 16th StIndianapolis, IN 46202
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Addison Creek
1 to 4 Bedroom Apartments

Addison Creek

58 Port Ocall DrIndianapolis, IN 46224
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Bayshore Apartments
1 to 3 Bedroom Apartments

Bayshore Apartments

1534 Sandy Bay DrGreenwood, IN 46142
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Bexley Village
1 to 2 Bedroom Apartments

Bexley Village

700 Bexley PlGreenwood, IN 46143
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Barton Farms
1 to 2 Bedroom Apartments

Barton Farms

1630 Saddle WayGreenwood, IN 46143
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The Blvd at Anson
Studio to 3 Bedroom Apartments

The Blvd at Anson

6290 Central BlvdWhitestown, IN 46075
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The Gables
1 to 4 Bedroom Apartments

The Gables

826 Ryland StGreenwood, IN 46143
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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

Indianapolis, IN Area Reviews

  • Parks
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Wendy3+ 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 533 Studio Apartments in Indianapolis with rent ranges from $520 to $5,271 with an average price of $2,266.

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 $4,187 with an average monthly rent of $1,377.

What does renting a Two Bedroom Apartment in Indianapolis cost?

The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $563 to $5,706. Today's average rental price for Two Bedrooms here is $1,663.

How expensive are Indianapolis Three Bedroom Apartments?

There are currently 490 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $1,012 to $8,087 - averaging $2,036 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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.