
Cheap Apartments for Rent in the Lockerbie Square Neighborhood of Indianapolis, IN from $400 (57 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in the Lockerbie Square area of Indianapolis.


The Richelieu

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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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The Vue
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 101
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 | $1,254 | $705 | $3,870 |
| Lockerbie Square 1 Bedroom Apartments | $1,505 | $497 | $4,071 |
| Lockerbie Square 2 Bedroom Apartments | $2,150 | $563 | $5,444 |
| Lockerbie Square 3 Bedroom Apartments | $3,414 | $1,349 | $10,000+ |
| Lockerbie Square 4 Bedroom Apartments | $2,884 | $2,450 | $3,319 |
Browse Apartments in this Neighborhood
There are currently 57 rentals with your search options within a 1 mile radius of the Lockerbie Square Neighborhood of Indianapolis, IN.
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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 $990.
What is the price of a cheap apartment in Lockerbie Square?
The cheapest apartment in Lockerbie Square is Madison Apartments which is listed at $795, while the average apartment in Lockerbie Square costs $2,884.
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 108 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 $276 which is $2,608 cheaper than the average rent for all rentals in Lockerbie Square.
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

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.

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.

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.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.