
Apartments for Rent in Indianapolis, IN Under $1,200 (693 Rentals) Page 11 of 14


Nora Commons on the Monon Senior Apartments

Central State Mansion

Crossroads at Southgreen

Clark House Apartments

Meier House Apartments

Rand House Apartments

The Reserve at White River

Farhill Lake Apartments

Spicewood

1745 N Ritter Ave

Point on Fall Creek I

Capitol Manor

Monon Walk Apartments

South & Madison

The Meridian North

Lake Camelot Apartments

550 Fletcher Ave

Deerfield Acres

Atrium Village

Birchwood Place

Irvington Living I

Bavarian Village Apartments

1733 N. Meridian

Monon Park, Managed by Buckingham Monon Living

Reserves at Warren Park

Trenton House Apartments

50 - SAXONY COURT APARTMENTS

Nola Court Apartments

Carlyle Court

Live in Style at Bellagio East Living I

Ritter Apartments

Mariwood

Valley Brook MHC

Markwood Terrace Apartments

Pleasant Creek Apartments

Greyhound Village

The Jeffersonian Apartments Of Indianapolis

Windsor Court

Guion Creek Apartments

The Regal Apartments

Admiral

University Lofts

Sebring Court

Overlook at the Fairgrounds

Estate View

Winston

The Marleigh

Windmill

Oxmoor Indy
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 | $1,153 | $595 | $5,664 |
| Indianapolis 1 Bedroom Apartments Under $1200 | $1,363 | $497 | $5,520 |
| Indianapolis 2 Bedroom Apartments Under $1200 | $1,631 | $563 | $5,936 |
| Indianapolis 3 Bedroom Apartments Under $1200 | $2,014 | $825 | $10,000+ |
| Indianapolis 4 Bedroom Apartments Under $1200 | $1,654 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,650 | $1,529 | $10,000+ |
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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 523 Studio Apartments in Indianapolis with rent ranges from $595 to $5,664 with an average price of $1,153.
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 $5,520 with an average monthly rent of $1,363.
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 $5,936. Today's average rental price for Two Bedrooms here is $1,631.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 517 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $825 to $16,316 - averaging $2,014 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.
Articles, How-To's, and Tips

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.

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.

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.

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.