
Cheap Apartments for Rent in the Lincolnwood Neighborhood of Indianapolis, IN from $605 (39 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincolnwood area of Indianapolis.


The Life at Wood Springs

Mariners Village Apartments

Scarborough Lake Apartments

Woodhaven Park

Loch Haven

Astoria Park Apartment Homes

Fisherman's Village

Deercross
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Spinnaker Court

Idlewood Apartments

Pebble Point Apartments

Total Monthly Price
Wylde at Eagle Creek

Pier 39 Apartments & Townhomes

Riverchase Apartments

Waterfront Pointe

Eagle Creek by Spark Living

Lakeside Crossing at Eagle Creek Apartments and Townhomes
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Center Point

Park at Eagle Creek

Total Monthly Price
Wynbrooke Senior Apartments

The Landing Apartments

Eagle Chase

2466 Tansel Rd

4351 Round Lake Bnd

Whispering Pines

Windmill
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Aragon Woods

Sebring Court

Villa Del Sol Apartments

Heather Ridge

Enclave at Eagle Creek Apartments

Honey Creek Apartments

Bradford Park

4351 Round Lake Bend

10896 Riverwood Blvd
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!

Regency Preserve

4455 Stuart Dr

Brickyard Flats
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 | $895 | $740 | $1,178 |
| Lincolnwood 1 Bedroom Apartments | $1,120 | $780 | $1,647 |
| Lincolnwood 2 Bedroom Apartments | $1,388 | $980 | $1,976 |
| Lincolnwood 3 Bedroom Apartments | $1,706 | $1,440 | $2,921 |
Browse Apartments in this Neighborhood
There are currently 39 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Life at Wood Springs | 1 BEDROOM | 1 BATHROOM A | 1BR, 1BA | $780 |
| Mariners Village Apartments | 0 Bedroom 1 Bathroom | Studio, 1BA | $820 |
| Scarborough Lake Apartments | The Sand Dollar Studio | Studio, 1BA | $834 |
| Brickyard Flats | A1 | 1BR, 1BA | $875 |
| Woodhaven Park | One Bedroom One Bath | 1BR, 1BA | $899 |
| Loch Haven | A1 R | 1BR, 1BA | $900 |
| Villa Del Sol Apartments | ?Your Perfect 1-Bedroom Awaits — Style, Space ... | 1BR, 1BA | $900 |
| Astoria Park Apartment Homes | One Bedroom - 712 sqft | 1BR, 1BA | $910 |
| Fisherman's Village | S1 Aqua | Studio, 1BA | $919 |
| Deercross | Spruce | 1BR, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Creek by Spark Living | Collaborate | 3BR, 2BA | $1.15 |
| Sebring Court | Three 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 Apartments | B1 Escape | 2BR, 2BA | $1.30 |
| Astoria Park Apartment Homes | Two Bedroom 1.5 Bath - 960 sqft | 2BR, 1.5BA | $1.36 |
| Marabou Mills | Two Bed Two Bath with Master Bed | 2BR, 2BA | $1.38 |
| Brickyard Flats | A1 | 1BR, 1BA | $1.27 |
| Woodhaven Park | One Bedroom One Bath | 1BR, 1BA | $1.38 |
| Mariners Village Apartments | 0 Bedroom 1 Bathroom | Studio, 1BA | $1.27 |
| The Life at Wood Springs | 1 BEDROOM | 1 BATHROOM A | 1BR, 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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
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Read ArticleYour 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
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleLincolnwood, Indianapolis, IN
Ranked #101
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Lincolnwood Apartments
What is the price of a cheap apartment in Lincolnwood?
The cheapest apartment in Lincolnwood is 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

Welcome to Indy: A Local Expert's Guide to the City's Best Short-Term Rental Neighborhoods
Written by: Wendy Melton
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.

Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods
Written by: Wendy Melton
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.

Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
Written by: Wendy Melton
Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.