
Apartments for Rent in Indianapolis, IN Under $1,200 (691 Rentals) Page 7 of 14


6117 Bettcher Ave

2917 Boulevard Pl

3101 N Temple Ave

4850 Hillside Ave

9031 S Eldorado Dr

3154 Foltz St

3942 Cornelius Ave

9037 S Eldorado Dr

4225 Crittenden Ave

7309 Rockleigh Ave

4233 E 38th St

119 N Colorado Ave

1501 S Meridian St

Furnished Studio-Indianapolis - Castleton

1301 N Olney St

4306 Shelbyville Rd

1505 N Tuxedo St

823 Iowa St

1918 W Washington St

1210 N Goodlet Ave

2240 Ransdell St

2238 Ransdell St

319 S Gray St

2246 Ransdell St

Furnished Studio-Indianapolis - West

3331 N Butler Ave

4008 N Arlington Ave

7034 E 10th St

7047 E 10th St

633 E 38th St

338 Villa Ave

The Residences on 56th Street

Furnished Studio-Indianapolis - Lawrence

7988 N Michigan Rd

2216-2216 Norden Ct

2059 N Keystone Ave

406 N Delaware St

3709-3711 Kinnear Ave

1468 W 32nd St

230 N Randolph St

6154 Commodore Dr

1247 W Lee St

3030 E 37th St

Kelker Hause

235 N Oakland Ave

4021 N Tacoma Ave

3254 Guilford Ave

3534 Doctor M.L.K. Jr St

1240 W 73rd St
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 | $1,162 | $595 | $5,101 |
| Indianapolis 1 Bedroom Apartments Under $1200 | $1,364 | $497 | $5,377 |
| Indianapolis 2 Bedroom Apartments Under $1200 | $1,633 | $563 | $5,936 |
| Indianapolis 3 Bedroom Apartments Under $1200 | $2,003 | $825 | $10,000+ |
| Indianapolis 4 Bedroom Apartments Under $1200 | $1,717 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $12,182 | $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 525 Studio Apartments in Indianapolis with rent ranges from $595 to $5,101 with an average price of $1,162.
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 $5,377 with an average monthly rent of $1,364.
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 $1,633.
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 $16,975 - averaging $2,003 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.