
Apartments for Rent in Indianapolis, IN Under $1,200 (693 Rentals) Page 12 of 14


Maison Gardens

Garfield Place

Historic Dorchester

Crossroads at Madison

The Harrison

East Ridge

Sunstone at Arlington Woods

Remington on Rockville

Cavalier Court

Stone Lake

Rosedale Hills

Garfield Terrace Apartments

Red Maple Grove

Peppermill Farms

3825 N Whittier Pl

Mayfield Green Cooperative

Historic Audubon Court

PICCADILLY

College Crossing

The Historic Bauer

Pinewood Village Apartments

Cloverleaf Apartments & Townhomes

Whispering Pines

Windsor

The Jordan

Barbee

Hopeside I

Three Fountains East

727 Fairfield Ave

Butler Place

VILLAGE AT FALL CREEK

Parkside Living Apartments

Hampshire Court

Marblehead

Three Fountains West Cooperative

Northside Flats Apartments

Lakes at Crossbridge

INDY INDIE ARTIST COLONY

Sherman Forest

16 Park Apartments

Emerson Place

THE COURTS OF MONON

Arlington Terrace Apartments

Parkside At Tarkington

Brownstone Apartments

Charmwood Terrace

Koehne Commons Apartments

New Bridge Apartments

Stonekey Apartments
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 | $1,157 | $595 | $5,664 |
| Indianapolis 1 Bedroom Apartments Under $1200 | $1,365 | $497 | $5,520 |
| Indianapolis 2 Bedroom Apartments Under $1200 | $1,632 | $563 | $5,936 |
| Indianapolis 3 Bedroom Apartments Under $1200 | $2,014 | $825 | $10,000+ |
| Indianapolis 4 Bedroom Apartments Under $1200 | $1,641 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,677 | $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 $1,157.
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 $1,365.
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 $1,632.
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 $16,332 - 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.