
Apartments for Rent in Indianapolis, IN Under $1,200 (635 Rentals) Page 9 of 13


Van Dyke

Charleston East Apartments

PENN ARTS

1354 Shelby St

Raleigh

The Oasis

Broadway Heights

10 West Apartments

Freeman Apartments

7 Pointe Apartments

Braeburn Village

Grand Oaks

Stetson Senior Apartments

60 - ADDISON APARTMENTS

Indy Downtown Colonial Apartments

Stonegate Apartments

919 Broadway St

Abbey Meadows

Lake Camelot Apartments

Magnolia Living

The George Apartment Homes

Lawrence Landing

Oakbrook Village

St. James

Campus Townhomes

Gathyr Apartments

The Seminole

Trail Side

Markwood Terrace Apartments

Slate Run Lofts

Chateau De Ville

Mayleeno

Live in Style at Bellagio East Living I: Convenient and Vibrant Community in Indianapolis

Fountain Lake Villas

Historic Irvington Flats

Ninth Avenue Apartments

Chelsea Manor

Monon Station Apartments

Monon Lofts

Senate Manor

Northwoods Apartments

Villa Del Sol Apartments

Heather Ridge

Linwood Manor

Canal Gardens

Waterstone Place Apartments

Crestwood Village North

Eagledale Senior Apartments

The Sterling
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+ |
Browse Top Apartments in Indianapolis
See all Apartments in IndianapolisExplore Indianapolis
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.