
2 Bedroom Apartments for Rent in Indianapolis, IN Under $1,200 (272 Rentals)


TGM Autumn Woods

Brookwood Apartments

Serenity Park Apartments

The Meridian North and South

Fallwood

Scandia Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Creek Bay

Martinique Terrace

Idlewood Apartments

10 West Apartments

The Abby

College Courts

The Park at Greenhill

Harrison Point Apartments

Keeneland Crest Apartments
Check Out Indianapolis’s Best Affordable Neighborhoods
Learn about Indianapolis and the best places to live with original content written by our Local Expert Wendy Melton

Carlton Apartments

The Hub at Nora

River Road Apartments

The Boardwalk at Westlake Apartments and Townhomes

One Somerset Apartments

Spinnaker Court

Parc Bordeaux Apartments

The Maywood at Speedway

Fox Club

Sawmill Apartments

Williamsburg North

The Avenue

The Woods of Eagle Creek

Woods at Oak Crossing

5700 Madison Apartments & Edgewood on Madison

Pine Glen

Country Club Apartments

Fishermans Village

Capital Place

Strawbridge Green

Timber Point Apartments

Apartments @ Marten Court

The Life at Belhaven Place

The Life at Northwest Gardens
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 | $1,237 | $585 | $6,201 |
Indianapolis 1 Bedroom Apartments | $1,410 | $280 | $4,540 |
Indianapolis 2 Bedroom Apartments | $1,706 | $700 | $9,594 |
Indianapolis 3 Bedroom Apartments | $1,983 | $798 | $5,624 |
Indianapolis 4 Bedroom Apartments | $1,977 | $700 | $4,140 |
Indianapolis 5 Bedroom Apartments | $4,929 | $2,330 | $10,000+ |
Explore Indianapolis

Indianapolis, IN Local Guide
- Indianapolis Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Getting Around Indianapolis, IN
Walk Score®
50 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
53 / 100
Bikeable
Some bike infrastructure
Transit Score®
29 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about 2 Bedroom Indianapolis Apartments
What is the Cheapest apartment in Indianapolis with 2 Bedroom?
Currently the most affordable 2 Bedroom in Indianapolis is at The Aerie on 11th Street listed at $700.
How much is the average rent for a 2 Bedroom Indianapolis Apartment?
The average rent for a 2 Bedroom Apartment in Indianapolis is $1,706.
What is the largest available 2 Bedroom Indianapolis Apartment for rent?
Today's apartment with the most square footage in Indianapolis is a 2,200 square feet unit starting from $2,250 at Pinnacle on Meridian.
What is the average size for Indianapolis 2 Bedroom Apartments for rent?
The average size for a 2 Bedroom rental in Indianapolis is currently 1,461 sq ft.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.