
Apartments for Rent in Indianapolis, IN Under $1,200 (667 Rentals) Page 3 of 14


The Lodge at Trails Edge

Blackburn Terrace

The Avenue

The Sycamores

Home Place Senior Living

522 Fletcher Ave

The Marleigh

Assembly

Willow Brook

The Grove on Harcourt

Crosswinds

Pebble Point Apartments

CityView on Meridian

Landmark

TGM Avalon Lake

A62 Apartments

Waterford Place Apartments

Idlewood Apartments

College Manor

Park Forest Apartments

College Courts

Lockefield Gardens

Total Monthly Price
Wylde at Eagle Creek

Estates at Crystal Bay

Devonshire Apartments

Auburn Hills Apartments

Edison at Meridian Hills

The Spring Waterside Luxury Apartments

Teal Run Apartments

Woodlake

Artistry Indy

Avia Lofts at Founders Road

Greentree Apartments

The Grove on 79th

Warren Harbor Apartments

Ashton Pointe

The Courts Apartment Homes

Monon Walk

The Life at White Pines

The Hermitage

Aspen Chase

Carriage House West

Regency Park Apartments

Park View at Beech Grove

Cumberland Manor

Braeburn Village

Spinnaker Court

The Abby

Williamsburg North
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 | $1,219 | $579 | $5,271 |
| Indianapolis 1 Bedroom Apartments Under $1200 | $1,394 | $543 | $9,762 |
| Indianapolis 2 Bedroom Apartments Under $1200 | $1,662 | $513 | $10,000+ |
| Indianapolis 3 Bedroom Apartments Under $1200 | $2,027 | $799 | $7,822 |
| Indianapolis 4 Bedroom Apartments Under $1200 | $2,274 | $600 | $8,291 |
| Indianapolis 5 Bedroom Apartments | $6,268 | $2,192 | $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 521 Studio Apartments in Indianapolis with rent ranges from $579 to $5,271 with an average price of $1,219.
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 $543 to $9,762 with an average monthly rent of $1,394.
What does renting a Two Bedroom Apartment in Indianapolis cost?
The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $513 to $13,359. Today's average rental price for Two Bedrooms here is $1,662.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 513 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $799 to $7,822 - averaging $2,027 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

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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.

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.

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.
Articles, How-To's, and Tips

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.