
Cheap Apartments for Rent in the Lincolnwood Neighborhood of Indianapolis, IN from $600 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Lincolnwood area of Indianapolis.


Mariners Village Apartments

Scarborough Lake Apartments

The Life at Wood Springs

Spinnaker Court

Woodhaven Park

Fisherman's Village

Loch Haven

Astoria Park Apartment Homes
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Deercross

Total Monthly Price
Wylde at Eagle Creek

Idlewood Apartments

Pebble Point Apartments

Pier 39 Apartments & Townhomes

Lakeside Crossing at Eagle Creek Apartments and Townhomes

Riverchase Apartments

Waterfront Pointe

Eagle Creek by Spark Living
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Park at Eagle Creek

Center Point

Total Monthly Price
Wynbrooke Senior Apartments

Eagle Chase

The Landing Apartments

4094 Ash Lawn Rd

Whispering Pines

Aragon Woods

Windmill
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Sebring Court

Heather Ridge

Enclave at Eagle Creek Apartments

Villa Del Sol Apartments

Honey Creek Apartments

Bradford Park

Regency Preserve

Brickyard Flats

4455 Stuart Dr
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!
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 | $846 | $740 | $1,069 |
| Lincolnwood 1 Bedroom Apartments | $1,082 | $822 | $1,647 |
| Lincolnwood 2 Bedroom Apartments | $1,395 | $1,009 | $1,976 |
| Lincolnwood 3 Bedroom Apartments | $1,713 | $1,340 | $3,236 |
Browse Apartments in this Neighborhood
There are currently 36 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. Woodhaven Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $845. 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 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $845 |
| Mariners Village Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $867 |
| Fisherman's Village | A1 Cobalt | 1BR,1BA | $869 |
| Loch Haven | A1 R | 1BR,1BA | $900 |
| Astoria Park Apartment Homes | One Bedroom - 712 sqft | 1BR,1BA | $910 |
| Brickyard Flats | A3 | 1BR,1BA | $925 |
| Spinnaker Court | Resort | 1BR,1BA | $960 |
| Deercross | Spruce | 1BR,1BA | $970 |
| The Life at Wood Springs | 2 BEDROOM | 1 BATHROOM A | 2BR,1BA | $988 |
Best Value Apartments for Rent in Lincolnwood, IN
As of August 03, 2026 the best value apartment in the Lincolnwood area is the $1.18 price per square foot Cultivate Model at Eagle Creek by Spark Living in the in the Timberview neighborhood starting from $1,410. The second greatest value Lincolnwood apartment is the ??** Waiting List ** 3 Bed / 1.5 Bath Small Tow... Model at Villa Del Sol Apartments starting at $1,315 with a $1.20 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. |
|---|---|---|---|
| Eagle Creek by Spark Living | Cultivate | 2BR,2BA | $1.18 |
| Villa Del Sol Apartments | ??** Waiting List ** 3 Bed / 1.5 Bath Small Tow... | 3BR,1.5BA | $1.20 |
| Eagle Chase | B1 Canadian Upgrade | 2BR,2BA | $1.40 |
| The Life at Wood Springs | 2 BEDROOM | 2 BATHROOM B | 2BR,2BA | $1.30 |
| Mariners Village Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $0.89 |
| Brickyard Flats | B1 | 2BR,1BA | $1.21 |
| Astoria Park Apartment Homes | Two Bedroom - 850 sqft | 2BR,1BA | $1.41 |
| Pier 39 Apartments & Townhomes | One Bedroom One Bathroom | 1BR,1BA | $1.40 |
| Woodhaven Park | One Bedroom One Bath | 1BR,1BA | $1.30 |
| Fisherman's Village | A1 Cobalt | 1BR,1BA | $1.39 |
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 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 #94
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 Woodhaven Park which is listed at $845, while the average apartment in Lincolnwood costs $1,240.
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 28 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 $279 which is $961 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

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.

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.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.