
Homes for Rent in Indianapolis, IN Under $1,200 (312 Rentals) Page 2 of 7


4901 Guthrie Dr

4111 Stonecrest Ct

642 Congress Ave

1091 Windermire St

6436 Lupine Terrace

6458 Lupine Terrace

928 Udell St

10291 Medallion Dr

4239 Crittenden Ave

1306 Woodlawn Ave

303 S Fleming St

8361 Paso Del Norte Ct

4321 Bertha St

6476 Lupine Terrace

3428 N Riley Ave

3428 N Riley Ave

3062 N Tacoma Ave

10019 Catalina Dr

821 Iowa St

823 Iowa St

230 E 9th St

451 S Keystone Ave

2947 Lasalle St

840 Lasalle St

227 S Dearborn St

3709 N Kenwood Ave

4113 Cornelius Ave

4505 East 21st St

3747 E Market St

412 E 16th St

1918 W Washington St

821 Iowa St

6037 W 25th St

448 N Linwood Ave

8356 Paso Del Norte Ct

3050 S State Ave

2036 Singleton St

3161 Chrysler St

3601 Brookside Pkwy S Dr

1210 N Goodlet Ave

1950 Carrollton Ave

1132 N Gale St

2373 N Oxford St

3409 Brookside Pkwy S Dr

1645 Union St

2866 Punto Alto Ct

Furnished Studio-Indianapolis - West

1515 Villa Ave

1937 King Ave
Indianapolis, IN Local Guide

How much does it cost to rent a home in Indianapolis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Indianapolis 2 Bedroom Homes for Rent | $1,414 | $745 | $3,800 |
| Indianapolis 3 Bedroom Homes for Rent | $1,797 | $900 | $3,985 |
| Indianapolis 4 Bedroom Homes for Rent | $2,197 | $1,095 | $5,500 |
| Indianapolis 5 Bedroom Homes for Rent | $2,850 | $1,550 | $8,950 |
| Indianapolis 6 Bedroom Homes for Rent | $3,195 | $2,150 | $6,000 |
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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
What type of rentals are currently available in Indianapolis?
There are currently 1718 Apartments for Rent in Indianapolis, IN with pricing that ranges from $563 to $22,274. There are also 1949 Single Family Homes for rent, Condos, and Townhome rentals currently available in Indianapolis ranging from $275 to $8,950.
What is the current price range for Rental Homes in Indianapolis?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Indianapolis ranges from $275 to $8,950 with an average monthly rent of $1,800.
How much are larger Three and Four Bedroom Rentals in Indianapolis?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Indianapolis range from $925 to $10,855, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $3,985. Four Bedroom Single-Family rentals are also available starting from $1,095 and Four Bedroom Apartments start at $600.
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.
Articles, How-To's, and Tips

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!