
Cheap Apartments for Rent in the Lincolnwood Neighborhood of Indianapolis, IN from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincolnwood area of Indianapolis.


Scarborough Lake Apartments

Spinnaker Court Apartments

Mariners Village

Woodhaven Park

Pebble Point

Fishermans Village

Wylde at Eagle Creek

Astoria Park Apartment Homes

Idlewood Apartments

Deercross Apartments

Loch Haven Apartment Homes
Lincolnwood, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Lincolnwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Lincolnwood Studio Apartments | $893 | $740 | $1,095 |
Lincolnwood 1 Bedroom Apartments | $1,244 | $790 | $2,594 |
Lincolnwood 2 Bedroom Apartments | $1,462 | $975 | $2,574 |
Lincolnwood 3 Bedroom Apartments | $1,729 | $1,440 | $2,940 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Lincolnwood Neighborhood of Indianapolis, IN.
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Lincolnwood, Indianapolis, IN Local Guide
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Cheapest Available Lincolnwood Apartments for Rent
 The cheapest available apartment rental in the Lincolnwood area of Indianapolis, IN is a Studio unit found at Marabou Mills priced from $740. Spinnaker Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $790. Here are the most affordable Lincolnwood apartments for rent in Indianapolis, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Marabou Mills | Studio | Studio,1BA | $740 |
Spinnaker Court Apartments | Cottage | 1BR,1BA | $790 |
Mariners Village | Studio | Studio,1BA | $821 |
Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $845 |
Brickyard Flats | A1 | 1BR,1BA | $875 |
Best Value Apartments for Rent in Lincolnwood, IN
As of July 15, 2025 the best value apartment in the Lincolnwood area is the $1.26 price per square foot The Navigator Model at The Landing Apartments in the in the Lincolnwood neighborhood starting from $1,786. The second greatest value Lincolnwood apartment is the 3 BEDROOM | 2 BATHROOM A Model at The Life at Wood Springs starting at $1,434 with a $1.13 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Landing Apartments | The Navigator | 2BR,2BA | $1.26 |
The Life at Wood Springs | 3 BEDROOM | 2 BATHROOM A | 3BR,2BA | $1.13 |
EAGLE CHASE APARTMENTS | Canadian Upgraded | 2BR,2BA | $1.30 |
Eagle Creek Apartments | Spruce Renovated | 2BR,1.5BA | $1.35 |
Idlewood Apartments | B-1 | 2BR,1BA | $1.31 |
Villa Del Sol Apartments | Spacious one bed one bathroom apartment | 1BR,1BA | $1.04 |
Brickyard Flats | A1 | 1BR,1BA | $1.27 |
Pebble Point | The Bliss | 1BR,1BA | $1.34 |
Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
Mariners Village | Studio | Studio ,1BA | $1.36 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleLincolnwood, Indianapolis, IN
Ranked #71
Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Lincolnwood Apartments
What is the price of a cheap apartment in Lincolnwood?
The cheapest apartment in Lincolnwood is Spinnaker Court Apartments which is listed at $790, while the average apartment in Lincolnwood costs $1,665.
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 5 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 $178 which is $1,487 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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.