
Apartments for Rent in Indianapolis, IN Under $1,200 (642 Rentals) Page 4 of 13


Sherman Village

Apartments @ Marten Court

Trails at Lakeside

Wildwood Village Apartments

Spinnaker Court

The Hills Apartment Homes

River West Flats

Summit at Keystone

Welcome to Dawson Village – Welcome Home!

Aspen Chase

Parkhaven Apartments

The Courts Apartment Homes

The Vistas Apartment Homes

The Maywood at Speedway

Woodbrook

Bristol Square

Total Monthly Price
9 On Canal

The Prairies Apartment Homes

The Park at Greenhill

Carrollton Manor Apartments

Jade North Apartments

Utomin Apartments

Buckridge at Southport

Meridian Court South

Fisherman's Village

Lake Marina Apartments

Parc Bordeaux Apartments

Riverbend Apartments

Cross Creek Apartments

Devonshire Apartments in Downtown Indianapolis

Greentree Apartments

Capital Place

Sunspring Apartments

Total Monthly Price
2947 Schofield Ave, Unit 2947, Unit 2947

River Road Apartments

New Bridge

Lincolnshire Apartments

Stonehenge

Astoria Park Apartment Homes

Landmark

Rosewood Commons

Total Monthly Price
M Club Apartments

Greenway Apartments

SOUTHPORT AT BUCK CREEK

Turtle Creek - Indianapolis

Colonial Park

Cherry Glen

English Village Apartments

Waterfront Terrace
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.