
Apartments for Rent in Indianapolis, IN Under $1,200 (637 Rentals) Page 7 of 13


1010 Central

861 N Drexel Ave

2917 Boulevard Pl

636 N Oakland Ave

450 Massachusetts Ave

83 N Ewing St

3632-3634 Birchwood Ave

2422 Coyner Ave

7309 Rockleigh Ave

4233 E 38th St

1501 S Meridian St

1309 W Pruitt St

832 S Pershing Ave

1301 N Olney St

1466 S Worth Ave

1505 N Tuxedo St

The Residences on 56th

7134 E 18th St

7047 E 10th St

1210 N Goodlet Ave

7988 N Michigan Rd

Furnished Studio-Indianapolis - Lawrence

3709-3711 Kinnear Ave

1468 W 32nd St

1707 E Tabor St

1138 36th St

2239 E 34th St

Kelker Hause

670 E 17th St

1230 S Chester Ave

2501 English Ave

6050 E 16th St

440 Lasalle St

610 Good Ave

408-408 N Parker Ave

4012 Mann Rd

7051 E 11th St

302 N Colorado Ave

1344 S Belmont Ave

2060 N Delaware St

57-59 N Sherman Dr

4912 E Washington St

5953 Rawles Ave

401 S Randolph St

3534 Doctor M.L.K. Jr St

2211 E New York St

2211 E New York St

125 E 17th St

3528 E Fall Creek Pkwy N 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 | $1,162 | $595 | $4,832 |
| Indianapolis 1 Bedroom Apartments Under $1200 | $1,384 | $497 | $4,439 |
| Indianapolis 2 Bedroom Apartments Under $1200 | $1,642 | $775 | $6,300 |
| Indianapolis 3 Bedroom Apartments Under $1200 | $2,065 | $850 | $8,543 |
| Indianapolis 4 Bedroom Apartments Under $1200 | $1,995 | $600 | $10,000+ |
| Indianapolis 5 Bedroom Apartments | $7,676 | $900 | $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 518 Studio Apartments in Indianapolis with rent ranges from $595 to $4,832 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 $4,439 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 $775 to $6,300. Today's average rental price for Two Bedrooms here is $1,642.
How expensive are Indianapolis Three Bedroom Apartments?
There are currently 502 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $850 to $8,543 - averaging $2,065 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.