Acrylamide based microgels have gained a lot of attention in the last three decades due to their potential applications in various fields based on their responsive behavior and chemical stability. In this article, the synthesis, properties, and applications of poly(N-isopropylacrylamide-co-acrylamide) [P(NIPAM-Am)] microgels and P(NIPAM-Am) microgels having an additional ionic moiety in their network [P(NIPAM-Am-IM)] are reviewed. These microgels may swell/deswell reversibly with slight changes in environmental conditions such as change in temperature/pH/ionic strength etc. of the medium. This responsive behavior makes the microgels a potential candidate for use in the field of nanotechnology, drug delivery, sensing and catalysis. A critical overview of the recent research progress in this area along with future perspectives is presented. The discussion is concluded with suggested possible future studies for further development in this area.