Top Rated Apartments for Rent in Indianapolis, IN Under $1,200 (75 Rentals)

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Apartments in Indianapolis with the best features, newest construction, and richest amenities.

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632 MLK Apartments
Rent Specials
from $1,176Studio to 4 Bedroom Apartments

632 MLK Apartments

632 Dr Martin Luther King Jr StIndianapolis, IN 46202
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Blacherne Apartments
Rent Specials
from $1,1651 to 2 Bedroom Apartments

Blacherne Apartments

402 N Meridian StIndianapolis, IN 46204
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Dakota Ridge
from $1,2101 to 3 Bedroom Apartments Available Now

Dakota Ridge

1510 Dakota Ridge DrIndianapolis, IN 46217
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Indianapolis, IN Local Guide

Quick Rent Budget Calculator

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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 Indianapolis

How much are Studio apartments in Indianapolis?

There are currently 226 Studio Apartments in Indianapolis with rent ranges from $465 to $6,600 with an average price of $1,588.

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 $307 to $4,900 with an average monthly rent of $1,379.

What does renting a Two Bedroom Apartment in Indianapolis cost?

The monthly rent prices of Two Bedroom Apartments currently available in Indianapolis range from $750 to $6,672. Today's average rental price for Two Bedrooms here is $1,658.

How expensive are Indianapolis Three Bedroom Apartments?

There are currently 376 Three Bedroom Apartments listings available in Indianapolis on ApartmentHomeLiving.com. The pricing ranges from $899 to $7,450 - averaging $1,996 for the location.

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.