Cheap Apartments for Rent in the Lincolnwood Neighborhood of Indianapolis, IN from $605 (39 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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Wylde at Eagle Creek
$1,032 - $1,795

Total Monthly Price

Base Rent$1,032 - $1,795

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

Wylde at Eagle Creek

6612 Eagle Pointe DrIndianapolis, IN 46254
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Wynbrooke Senior Apartments
Rent Specials
$1,270 - $1,665

Total Monthly Price

Base Rent$1,270 - $1,665

Total Monthly Price$1,270 - $1,665
1 to 2 Bedroom Apartments Available Now

Wynbrooke Senior Apartments

10318 E County Road 200 NIndianapolis, IN 46234
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 4351 Round Lake Bnd
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
3 Bedroom, 2 Bath Home for Rent
Available Now

4351 Round Lake Bnd

IndianapolisIN46234
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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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Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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Aragon Woods
Studio to 3 Bedroom Apartments

Aragon Woods

8172 Aragon Woods DrIndianapolis, IN 46214
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Sebring Court
1 to 3 Bedroom Apartments

Sebring Court

1902 Parsons DrIndianapolis, IN 46224
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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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Honey Creek Apartments
2 to 3 Bedroom Apartments

Honey Creek Apartments

3510 N High School RdIndianapolis, IN 46224
  • Utilities Included
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Bradford Park
1 to 4 Bedroom Apartments

Bradford Park

3940 Crystal Pond WayIndianapolis, IN 46234
  • Utilities Included

Lincolnwood - 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!

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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. Mariners Village Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $820. 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
Mariners Village Apartments0 Bedroom 1 BathroomStudio, 1BA$820
Scarborough Lake ApartmentsThe Sand Dollar StudioStudio, 1BA$834
Brickyard FlatsA11BR, 1BA$875
Woodhaven ParkOne Bedroom One Bath1BR, 1BA$899
Loch HavenA1 R1BR, 1BA$900
Villa Del Sol Apartments?Your Perfect 1-Bedroom Awaits — Style, Space ...1BR, 1BA$900
Astoria Park Apartment HomesOne Bedroom - 712 sqft1BR, 1BA$910
Fisherman's VillageS1 AquaStudio, 1BA$919
DeercrossSpruce1BR, 1BA$925

Best Value Apartments for Rent in Lincolnwood, IN

As of September 18, 2026 the best value apartment in the Lincolnwood area is the $1.15 price per square foot Collaborate Model at Eagle Creek by Spark Living in the Timberview neighborhood starting from $1,564. The second greatest value Lincolnwood apartment is the Three Bed Two and a Half Bath Townhome (T3) Model at Sebring Court in the Speedway Wellhead neighborhood starting at $1,423 with a $1.15 price per square foot. 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.
Eagle Creek by Spark LivingCollaborate3BR, 2BA$1.15
Sebring CourtThree Bed Two and a Half Bath Townhome (T3)3BR, 2.5BA$1.15
Villa Del Sol Apartments??** Waiting List ** 3 Bed / 1.5 Bath Small Tow...3BR, 1.5BA$1.20
Pebble Point ApartmentsB1 Escape2BR, 2BA$1.30
Astoria Park Apartment HomesTwo Bedroom 1.5 Bath - 960 sqft2BR, 1.5BA$1.36
Marabou MillsTwo Bed Two Bath with Master Bed2BR, 2BA$1.38
Brickyard FlatsA11BR, 1BA$1.27
Woodhaven ParkOne Bedroom One Bath1BR, 1BA$1.38
Mariners Village Apartments0 Bedroom 1 BathroomStudio, 1BA$1.27
The Life at Wood Springs1 BEDROOM | 1 BATHROOM A1BR, 1BA$1.23

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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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.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Pet Friendly Lifestyle
Lincolnwood, Indianapolis, IN

Ranked #101

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Lincolnwood Apartments

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 $1,269.

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 58 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 $297 which is $972 cheaper than the average rent for all rentals in Lincolnwood.

Expert Rental Resources

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.

Helpful Local Expert Guides

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My name is Wendy, and I am the local expert for ApartmentHomeLiving.com in the Indianapolis area. Being born and raised in Indiana, I know the true meaning of Hoosier hospitality.

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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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