
Cheap Apartments for Rent in the Lockerbie Square Neighborhood of Indianapolis, IN from $500 (95 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Lockerbie Square area of Indianapolis.


Garden Arch Apartments

Ardmore Apartments

Slate Apartments

220 Meridian

Pulliam Square
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.
Lockerbie Square - 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!

The Congress at Library Square

Illinois Street Senior Apartments
Lockerbie Square, Indianapolis, IN Local Guide

How much does it cost to rent an apartment in Lockerbie Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lockerbie Square Studio Apartments | $1,314 | $605 | $3,159 |
| Lockerbie Square 1 Bedroom Apartments | $1,546 | $780 | $4,071 |
| Lockerbie Square 2 Bedroom Apartments | $2,237 | $563 | $5,706 |
| Lockerbie Square 3 Bedroom Apartments | $3,380 | $1,800 | $6,251 |
| Lockerbie Square 4 Bedroom Apartments | $5,072 | $4,284 | $5,860 |
Browse Apartments in this Neighborhood
There are currently 95 rentals with your search options within a 1 mile radius of the Lockerbie Square Neighborhood of Indianapolis, IN.
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Getting Around the Lockerbie Square Neighborhood in Indianapolis, IN
Walk Score®
93 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
95 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
63 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Lockerbie Square Apartments
What is a cheap apartment in Lockerbie Square?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lockerbie Square is under $1,005.
What is the price of a cheap apartment in Lockerbie Square?
The cheapest apartment in Lockerbie Square is Madison Apartments which is listed at $925, while the average apartment in Lockerbie Square costs $5,072.
What types of apartments are the cheapest in Lockerbie Square?
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 24 regular apartments in Lockerbie Square 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 Lockerbie Square?
Cheap apartments in Lockerbie Square have an average cost of $116 which is $4,956 cheaper than the average rent for all rentals in Lockerbie Square.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.




































