Cheap Apartments for Rent in the Lincolnwood Neighborhood of Indianapolis, IN from $700 (13 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-13, Page 1 of 1

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 Studio unit found at Marabou Mills priced from $740. Scarborough Lake Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $757. Here are the most affordable Lincolnwood apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Marabou MillsStudioStudio,1BA$740
Scarborough Lake ApartmentsThe Sunrise 1 BR 1 BA1BR,1BA$757
Woodhaven ParkOne Bedroom One Bath1BR,1BA$845
Mariners VillageStudioStudio,1BA$859
Pebble PointThe Bliss1BR,1BA$859

Best Value Apartments for Rent in Lincolnwood, IN

As of June 23, 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 Redbud Model at Park at Eagle Creek starting at $1,703 with a $1.35 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.
The Landing ApartmentsThe Navigator2BR,2BA$1.26
Park at Eagle CreekRedbud3BR,2BA$1.35
EAGLE CHASE APARTMENTSCanadian Upgraded2BR,2BA$1.38
Eagle Creek ApartmentsSpruce Renovated2BR,1.5BA$1.45
Idlewood ApartmentsB-12BR,1BA$1.31
Regency PreserveIRIS1BR,1BA$1.45
Pebble PointThe Bliss1BR,1BA$1.28
Deercross ApartmentsSpruce1BR,1BA$1.48
Woodhaven ParkOne Bedroom One Bath1BR,1BA$1.30
Mariners VillageStudioStudio ,1BA$1.42

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Pet Friendly Lifestyle
Lincolnwood, Indianapolis, IN

Ranked #80

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
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 $1,159.

What is the price of a cheap apartment in Lincolnwood?

The cheapest apartment in Lincolnwood is Scarborough Lake Apartments which is listed at $757, while the average apartment in Lincolnwood costs $2,495.

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 4 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 $219 which is $2,276 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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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.

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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.

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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.