
Apartments for Rent in Indianapolis, IN Under $1,200 (638 Rentals) Page 12 of 13


Stonekey Apartments

Crown Point Apartments

Fisher Apartments

Addison Creek

Postbrook East Apartments

SUITES OF IRVINGTON

Canterbury House Apartments - Franklin Road

Shore Acres

Grace Lane Apartments

Dublin Glen Apartments

Hunter Ridge Apartments

Gateway Crossing Apartments

Devonshire Apartments

The Mark at Fishers District

St. Andrews

Sanctuary at Fishers

Lantern Woods Apartments

Total Monthly Price
Sand Creek Woods

Crown Plaza

Total Monthly Price
Lakeside at Walnut Hills

Brownsburg Crossing

Ashmore Trace

Metropolitan Fishers

The Kent at Carmel City Center

Washington Village Apartments

Stonehedge Apartments

The Brixton

Main Street on the Monon

Willow Glen South

Beech Tree Glen

Courts of Valle Vista

Mission Hills

Total Monthly Price
LaCabreah Apartments

Total Monthly Price
Summit Pointe

Yorktowne Farms Community

Auburn Place

Total Monthly Price
17 Woodland Dr, Unit Upstair Rental

The Fairways at Valle Vista

Westminster Apartments and Townhomes

Stafford Pointe

Total Monthly Price
Clearview

Polo Run Apartments

Beech Meadow Apartments

Somerset Place

Waterbury Apartments

Stanford Court

7355 Westchester Dr

Carmel Woods

8946 Brigadier Dr
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 | $1,169 | $590 | $4,832 |
| Indianapolis 1 Bedroom Apartments Under $1200 | $1,380 | $497 | $4,086 |
| Indianapolis 2 Bedroom Apartments Under $1200 | $1,632 | $545 | $6,254 |
| Indianapolis 3 Bedroom Apartments Under $1200 | $2,033 | $626 | $8,543 |
| Indianapolis 4 Bedroom Apartments Under $1200 | $1,863 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $10,422 | $950 | $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 522 Studio Apartments in Indianapolis with rent ranges from $590 to $4,832 with an average price of $1,169.
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 $4,086 with an average monthly rent of $1,380.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $545 to $6,254. Today's average rental price for Two Bedrooms here is $1,632.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 504 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $626 to $8,543 - averaging $2,033 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

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.