
Apartments for Rent in Indianapolis, IN Under $1,200 (642 Rentals) Page 2 of 13


Lofts on Madison

Pier 39 Apartments & Townhomes

Ralston Apartments

Avery Point Apartments

Windsor Park

Forte Apartments

Fox Club

Crosswinds

Ashton Brook

Veridian Castleton

River House

Wyndham Hall

Fallwood

Oak Park

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Waterside at Castleton

Scandia Apartments

Abney Lake

Glen Ridge Manor Townhomes and Flats (Indy Town)

Oak Lake at Crooked Creek

Riley Towers

Country Lake Estates

The Abby

Westpark Townhomes

Creek Bay

The Lenox Apartment Homes

Mann Village Apartments

Total Monthly Price
Horizons Apartments

The Towers at Crooked Creek Senior Housing

Chateau in the Woods

Pebble Point

Murphy's Landing

Ashton Pointe

College Courts

The Manning Apartment Homes

The Hermitage

522 Fletcher Ave

Maxwell Apartments

The Grove on Harcourt

Total Monthly Price
Wylde at Eagle Creek

The Lodge at Trails Edge

Alpine Studios

Line Lofts

The Cedars Apartment Homes

Woodbridge Castleton

CITY HEIGHTS

Home Place Senior Living

Northwood on the Trail

Eagle’s Edge
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 | $1,196 | $495 | $5,104 |
| Indianapolis 1 Bedroom Apartments Under $1200 | $1,384 | $544 | $4,071 |
| Indianapolis 2 Bedroom Apartments Under $1200 | $1,644 | $545 | $6,669 |
| Indianapolis 3 Bedroom Apartments Under $1200 | $2,033 | $626 | $8,592 |
| Indianapolis 4 Bedroom Apartments Under $1200 | $1,925 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $11,925 | $7,013 | $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 527 Studio Apartments in Indianapolis with rent ranges from $495 to $5,104 with an average price of $1,196.
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 $4,071 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 $545 to $6,669. Today's average rental price for Two Bedrooms here is $1,644.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 505 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $626 to $8,592 - 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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.