Apartments for Rent in Indianapolis, IN under $1200

Prices and availability in Indianapolis, IN were last updated on 11 Sep 2026.

The best apartments in Indianapolis, IN are: 7 Pointe Apartments, Lawrence Landing, The Sterling, Thompson Village Apartments and Summit at Keystone.

In Indianapolis, 44% of the residents are renting compared to 56% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 12% of Indianapolis's rentals, 62% are small-scale complexes with under 50 units, and 25% are single-family rentals.