
Apartments for Rent in Indianapolis, IN Under $1,200 (633 Rentals) Page 7 of 13


The Residences on 56th

1857 W 60th St

706-708 N Bosart Ave

4831 E Washington St

4200 N Arlington Ave, Unit 3

8 S Bradley Ave

3709-3711 Kinnear Ave

1468 W 32nd St

Kelker Hause

2029 N College Ave, Unit G

2060 N Delaware St, Unit Apt 3

526 E Minnesota St

1918 W Washington St, Unit 4

1918 W Washington St, Unit 12

410 Manhattan Ave

1702 Winfield Ave

1918 W Washington St, Unit 1 Bedroom

520 S Arlington Ave

335 S Oakland Ave

801 Warren Ave

810 N Bradley Ave

225 Trowbridge St

1406 Deloss St

1022 S Churchman Ave

2403 N Oxford St

451 N Warman Ave

556 N Oxford St, Unit A

9134 E 10th St

5921 W 25th St

2060 N Delaware St, Unit 12

3709 Brookside Pkwy S Dr

3623 Graceland Ave, Unit 3623 Graceland Ave

4850 E 17th St

3011 N Tacoma Ave

1354 N Olney St

2025 Southeastern Ave

9124 E 10th St

1341 W Congress Ave

3763 Baltimore Ave

5334 E Washington St

3554 N Washington Blvd, Unit 2

6120 Nimitz Dr

3014 W 10th St, Unit 2

2211 E New York St, Unit B

2211 E New York St

2846-2846 Dr Andrew J Brown Ave

1530-1532 N Sherman Dr

25 S Emerson Ave

4985 N Franklin Rd, Unit 1
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 526 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.