
Cheap Homes for Rent in Lockerbie Square Neighborhood of Indianapolis, IN from $600 (15 Rentals)
Cheap Homes in the Lockerbie Square area of Indianapolis.


1329 E Market St

37 West St Clair Street

234 E 9th St

1408 Broadway St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

501 Madison Ave

335 W 9th St

335 W 9th St

335 W 9th St

335 W 9th St
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.

219 E 11th St

335 W 9th St

1335 Central Ave

1450 N Illinois St

1460 Spann Ave, Unit 3rdfloor
Lockerbie Square - One of the Best Affordable Neighborhoods in Indianapolis
Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!
Lockerbie Square, Indianapolis, IN Local Guide

How much does it cost to rent a home in Lockerbie Square?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lockerbie Square 2 Bedroom Homes for Rent | $2,707 | $1,500 | $4,700 |
Lockerbie Square 3 Bedroom Homes for Rent | $2,765 | $1,799 | $6,200 |
Lockerbie Square 4 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Lockerbie Square Neighborhood of Indianapolis, IN.
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Lockerbie Square, Indianapolis, IN Local Guide
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Cheapest Available Lockerbie Square Apartments for Rent
 The cheapest available apartment rental in the Lockerbie Square area of Indianapolis, IN is a 1 Bed unit found at The Seminole priced from $833. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Lockerbie Square apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Seminole | 1br | 1BR,1BA | $833 |
Priscilla on Pennsylvania | Studio | Studio,1BA | $875 |
Circle City Apartments | Winterhouse Studio 389 | Studio,1BA | $910 |
Christian Place Apartments | One Bed | 1BR,1BA | $950 |
Van Dyke | Van Dyke Studio 463 | Studio,1BA | $970 |
Best Value Apartments for Rent in Lockerbie Square, IN
As of May 07, 2025 the best value apartment in the Lockerbie Square area is the $1.56 price per square foot Park Avenue Model at The Pointe on Mass in the in the Near North Indianapolis neighborhood starting from $2,370. The second greatest value Lockerbie Square apartment is the 1 Bedroom 1 Bath Model at The Block starting at $1,539 with a $1.06 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Pointe on Mass | Park Avenue | 2BR,2BA | $1.56 |
The Block | 1 Bedroom 1 Bath | 1BR,1BA | $1.06 |
Penn Street Tower Apartments | Senate: Floors 10-12 | 2BR,1BA | $1.37 |
Line Lofts | The Intuition 60% | 2BR,1BA | $1.53 |
Lockerbie Flats | 1 Bedroom | 1BR,2BA | $1.48 |
Raleigh | Raleigh 1BTH 886 | 1BR,2BA | $1.42 |
The Seminole | 1br | 1BR,1BA | $1.13 |
1010 Central | Depot 60% | 1BR,1BA | $1.59 |
Christian Place Apartments | One Bed | 1BR,1BA | $1.30 |
College Manor | 1 BR | 1BR,1BA | $1.57 |
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Frequently Asked Questions about Lockerbie Square
What type of rentals are currently available in Lockerbie Square?
There are currently 200 Apartments for Rent in Lockerbie Square, IN with pricing that ranges from $605 to $9,608. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lockerbie Square ranging from $695 to $6,200.
What is the current price range for Rental Homes in Lockerbie Square?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lockerbie Square ranges from $695 to $6,200 with an average monthly rent of $2,486.
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.

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Written by: Bobbi Jackson
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