Cheap Apartments for Rent in the Lincolnwood Neighborhood of Indianapolis, IN from $600 (18 Rentals)

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

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Whispering Pines
1 to 3 Bedroom Apartments

Whispering Pines

4444 Mission DrIndianapolis, IN 46254
  • Utilities Included
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Windmill
Studio to 2 Bedroom Apartments

Windmill

10705 E Us-136Indianapolis, IN 46234
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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
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The Life at Wood Springs
1 to 3 Bedroom Apartments

The Life at Wood Springs

6495 Piping Rock LnIndianapolis, IN 46254
Corporate Housing
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Heather Ridge
1 to 3 Bedroom Apartments

Heather Ridge

3245 Heather Ridge DrIndianapolis, IN 46214
  • Utilities Included
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Brickyard Flats
Studio to 3 Bedroom Apartments

Brickyard Flats

6363 Hollister DrSpeedway, IN 46224

Lincolnwood, Indianapolis, IN Local Guide

Cheapest Available Lincolnwood Apartments for Rent

 

The cheapest available apartment rental in the Lincolnwood area of Indianapolis, IN is a 1 Bed unit found at The Life at Wood Springs priced from $780. Brickyard Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $787. Here are the most affordable Lincolnwood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR,1BA$780
Brickyard FlatsA21BR,1BA$787
Fishermans VillageCobalt1BR,1BA$794
WindmillStudioStudio,1BA$799
Scarborough Lake ApartmentsThe Sunrise 1 BR 1 BA1BR,1BA$828

Best Value Apartments for Rent in Lincolnwood, IN

As of November 16, 2025 the best value apartment in the Lincolnwood area is the $1.34 price per square foot 3 Bed 2 Bath Renovated Model at Center Point in the in the Timberview neighborhood starting from $1,725. The second greatest value Lincolnwood apartment is the American Upgraded Model at EAGLE CHASE APARTMENTS starting at $1,578 with a $1.33 price per square foot in the Timberview neighborhood. Here is today’s list of the best values for Lincolnwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Center Point3 Bed 2 Bath Renovated3BR,1BA$1.34
EAGLE CHASE APARTMENTSAmerican Upgraded2BR,2BA$1.33
Waterfront PointeThe Lakeside - Downstairs3BR,2BA$1.35
Sebring CourtTwo Bedroom One Bathroom (CN1A)2BR,1BA$1.05
Eagle CreekShine1BR,1BA$1.12
Park at Eagle CreekOakleaf1BR,1BA$1.36
Wylde at Eagle CreekGolden Eagle1BR,1BA$1.36
Brickyard FlatsA11BR,1BA$1.23
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
Fishermans VillageCobalt1BR,1BA$1.27

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Pet Friendly Lifestyle
Lincolnwood, Indianapolis, IN

Ranked #76

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Lincolnwood Apartments

What is a cheap apartment in Lincolnwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lincolnwood is under $970.

What is the price of a cheap apartment in Lincolnwood?

The cheapest apartment in Lincolnwood is The Life at Wood Springs which is listed at $780, while the average apartment in Lincolnwood costs $1,625.

What types of apartments are the cheapest in Lincolnwood?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 79 regular apartments in Lincolnwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lincolnwood?

Cheap apartments in Lincolnwood have an average cost of $447 which is $1,178 cheaper than the average rent for all rentals in Lincolnwood.

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.

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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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.