
Apartments for Rent in Indianapolis, IN Under $1,200 (674 Rentals) Page 10 of 14


Slate Run Lofts

Senate Manor

The Reserve at White River

Lafayette Landing at Kessler

Fountain Lake Villas

Mayleeno

Chelsea Manor

Monon Station Apartments

Monon Lofts

Utomin Apartments

Villa Del Sol Apartments

Northwoods Apartments

Heather Ridge

Pickwick Farms Apartments

Trenton House Apartments

Ninth Avenue Apartments

Linwood Manor

Madison Apartments

Canal Gardens

Waterstone Place Apartments

Minnie Hartman

Eagledale Senior Apartments

The Whitaker

Indy Christian Place Apartments LLC

Bellagio Living II

Bellagio Living I

College Park Apartments

The Victoria Apartments

Braeburn Village

Nora Commons on the Monon Senior Apartments

Central State Mansion

Crossroads at Southgreen

Colonial Park

The Sterling

Meier House Apartments

Clark House Apartments

Rand House Apartments

Farhill Lake Apartments

1745 N Ritter Ave

Capitol Manor

South & Madison

The Meridian North

Encore Apartments

Carlyle Court

Atrium Village

Muessing Apartments

3519 Balsam Ave

550 Fletcher Ave

Deerfield Acres
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 | $1,234 | $556 | $6,226 |
| Indianapolis 1 Bedroom Apartments Under $1200 | $1,384 | $544 | $4,307 |
| Indianapolis 2 Bedroom Apartments Under $1200 | $1,679 | $650 | $9,402 |
| Indianapolis 3 Bedroom Apartments Under $1200 | $2,030 | $799 | $10,000+ |
| Indianapolis 4 Bedroom Apartments Under $1200 | $2,373 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $5,654 | $950 | $10,000+ |
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Indianapolis, IN Area Reviews
Wendy • 3+ years in Indianapolis
August 10, 2025One of Indiana's most beautiful cities!
Frequently Asked Questions about Indianapolis
How much are Studio apartments in Indianapolis?
There are currently 525 Studio Apartments in Indianapolis with rent ranges from $556 to $6,226 with an average price of $1,234.
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 $544 to $4,307 with an average monthly rent of $1,384.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $650 to $9,402. Today's average rental price for Two Bedrooms here is $1,679.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 529 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $799 to $10,727 - averaging $2,030 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

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.

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.

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.

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

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.