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Apartments for Rent in Indianapolis, IN under $1200

1,001 Rentals Available
Apartments for Rent in Indianapolis, IN under $1200. 1,001 Rentals Available
  • a living room with a couch and a coffee table
    Today

    6104 Compton Street, Indianapolis, IN 46220
    STUDIO $1,105+
  • a living room with blue couches and a fireplace
    Today

    951 Carlyle Lane, Indianapolis, IN 46240
    1 BED $732+
    2 BEDS $956+
  • a living room with a couch and a coffee table
    Today

    7266 Lockwood Lane, Indianapolis, IN 46217
    1 BED $940+
    2 BEDS $1,170+
  • a living room with a blue couch and a futon
    Today

    2148 Augusta Drive East, Indianapolis, IN 46224
    1 BED $697
    2 BEDS $958+
  • a living room with a couch and a table
    Today

    5549 Rosewood Commons Dr., Indianapolis, IN 46254
    STUDIO Ask for Pricing
    1 BED $879+
    2 BEDS $1,199
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  • a living room and dining room with a table and chairs and an open floor plan
    Today

    6046 E 21St Street, Suite 1B Management Office, Indianapolis, IN 46219
    1 BED $686+
    2 BEDS $689+
  • a living room with a fireplace and a table and chairs
    Today

    7251 Windsor Lakes Drive, Indianapolis, IN 46237
    1 BED $1,170+
  • a living room and dining room with a table and chairs
    Today

    9230 Memorial Park Drive, #1, Indianapolis, IN 46216
    1 BED $1,185
  • a kitchen with a stove and a refrigerator
    Today

    3621 Lawnview Lane, Indianapolis, IN 46222
    1 BED $859
    2 BEDS $999
    3 BEDS Ask for Pricing
  • a living room with a white couch and a rug
    Today

    5836 Hunnewell Dr, Indianapolis, IN 46254
    1 BED $1,016+
    2 BEDS $1,194+
  • a living room and dining room with a couch and a table
    Today

    6111 Allisonville Road, Indianapolis, IN 46220
    1 BED $1,000+
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  • the living room of an apartment with a couch and a table
    Today

    5350 E. 21St St.,, Indianapolis, IN 46218
    1 BED $683+
    2 BEDS $685+
  • a living room with a couch and a table
    Today

    2638 Cold Spring Manor Dr, Indianapolis, IN 46222
    1 BED $971+
    2 BEDS $916+
  • an empty living room with a brick fireplace
    Today

    9414 San Miguel Drive, Indianapolis, IN 46250
    1 BED $1,008+
  • a living room with a couch and a table
    Today

    4958 Dawn Drive, Indianapolis, IN 46268
    STUDIO Ask for Pricing
    1 BED $829+
    2 BEDS $1,104+
  • a living room with couches chairs and a table
    Today

    39 E 9Th Street, Indianapolis, IN 46204
    1 BED $1,022+
  • a living room with a couch and a table
    Today

    2205 N Delaware Street, Indianapolis, IN 46205
    STUDIO $1,015+
  • a living room with a couch and a table
    Today

    8026 Mcfarland Court, Indianapolis, IN 46227
    STUDIO Ask for Pricing
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a small house with a tree in front of it
    Today

    5308 Fletcher Ave, Indianapolis, IN 46219
    2 BEDS $1,180
  • a living room with a couch and a table
    Today

    8760 Le Mode Ct, Indianapolis, IN 46268
    1 BED $1,180+
  • a living room with a couch and a table
    Today

    5505 Scarlet Drive, Indianapolis, IN 46224
    STUDIO $869+
    1 BED $870+
    2 BEDS Ask for Pricing
  • a living room with two couches and a coffee table
    Today

    4656 Edwardian Circle, Indianapolis, IN 46254
    1 BED $875+
    2 BEDS Ask for Pricing
  • an empty living room with a brick fireplace
    Today

    9414 San Miguel Drive, Indianapolis, IN 46250
    1 BED Ask for Pricing
    2 BEDS $1,177+
  • a living room with a couch and a table
    Today

    2760 Cherry Glen Way, Indianapolis, IN 46227
    STUDIO $824
    1 BED $959+
    2 BEDS Ask for Pricing
  • a living room with a couch and a table
    Today

    3120 Nobscot Drive, Indianapolis, IN 46222
    1 BED $850+
    2 BEDS $1,025+
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Local Guides for Renters

Getting around in Indianapolis, IN

57 /100
Somewhat Walkable
46 /100
Some Transit
88 /100
Very Bikeable
Walk Score®: 57, Transit Score®: 46, Bike Score®: 88

Frequently asked questions

When were prices and availability in Indianapolis, IN last updated?

Prices and availability in Indianapolis, IN were last updated on 25 Feb 2026.

What are the best apartments in Indianapolis, IN?

The best apartments in Indianapolis, IN are: Monon Court, Managed by Buckingham Monon Living, Carlyle Court, Meridian Court South, The Retreat at Carmel and Monon 46.

What type of rental buildings are in Indianapolis, IN?

In Indianapolis, 45% of the residents are renting compared to 55% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Indianapolis's rentals, 61% are small-scale complexes with under 50 units, and 27% are single-family rentals.

Renting apartments in Indianapolis, IN under $1,200

Searching for apartments for rent in Indianapolis, IN under $1,200 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Indianapolis, IN, where the average rent is $1,200 per month, there are 1,001 units available for less than $1,200. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $1,200” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Indianapolis, IN. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Indianapolis, IN going for $683 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!