Cheap Apartments for Rent in the Lockerbie Square Neighborhood of Indianapolis, IN from $400 (83 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lockerbie Square area of Indianapolis.

Lockerbie Square

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Lockerbie Square, Indianapolis, IN Local Guide

Cheapest Available Lockerbie Square Apartments for Rent

 

The cheapest available apartment rental in the Lockerbie Square area of Indianapolis, IN is a Studio unit found at Illinois Street Senior Apartments priced from $462. St. Agnes Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $740. Here are the most affordable Lockerbie Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Illinois Street Senior ApartmentsStudio 3 30%Studio,1BA$462
St. Agnes Apartments*Studio- LoftStudio,1BA$740
The Seminole1br1BR,1BA$833
Devonshire Apartments in Downtown Indianapolis1BR/1.0BA1BR,1BA$840
Priscilla on PennsylvaniaStudioStudio,1BA$875
Artistry IndyEdie (EcoSuite)Studio,1BA$878
Circle City ApartmentsWinterhouse Studio 389Studio,1BA$910
Line LoftsThe Inspiration 60% HOME2BR,1BA$962
Van DykeVan Dyke Studio 463Studio,1BA$970
Utomin Apartments2 Bedroon2BR,1BA$975

Best Value Apartments for Rent in Lockerbie Square, IN

As of April 11, 2025 the best value apartment in the Lockerbie Square area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Lockerbie Square apartment is the Senate: Floors 10-12 Model at Penn Street Tower Apartments starting at $1,399 with a $1.37 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Lockerbie Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Penn Street Tower ApartmentsSenate: Floors 10-122BR,1BA$1.37
707 NorthThe Lockerbie 60%2BR,2BA$1.31
Indy Colonial ApartmentsTwo Bedroom2BR,1BA$1.30
Line LoftsThe Inspiration 60%2BR,1BA$1.42
Lockerbie Flats1 Bedroom1BR,2BA$1.48
RaleighRaleigh 1BTH 8861BR,2BA$1.42
Maxwell ApartmentsDublin1BR,1.5BA$1.38
The Seminole1br1BR,1BA$1.13
Utomin Apartments2 Bedroon2BR,1BA$1.50

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Pet Friendly Lifestyle
Lockerbie Square, Indianapolis, IN

Ranked #5

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of neighborhoods, cities, and rental properties across Indiana and customized analysis for Indianapolis, Indiana. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.

Getting Around the Lockerbie Square Neighborhood in Indianapolis, IN

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

63 / 100

Good Transit

Many 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 Cheap Lockerbie Square Apartments

What is the Cheapest Studio apartment in Lockerbie Square?

Currently the most affordable Cheap Studio Apartment in Lockerbie Square is at Illinois Street Senior Apartments listed at $462.

How much is rent for a Cheap One Bedroom Lockerbie Square Apartment?

The lowest price for a Cheap One Bedroom Lockerbie Square Apartment is $833 at The Seminole.

What is the lowest price for a Cheap Two Bedroom Lockerbie Square Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lockerbie Square is starting from $962 at Line Lofts.

What is the most affordable Lockerbie Square Three Bedroom Apartment?

The best deal on a cheap Lockerbie Square Three Bedroom Apartment rental is at The Assembly and starts from $2,150.

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 A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.