Cheap Homes for Rent in Lockerbie Square Neighborhood of Indianapolis, IN from $600 (22 Rentals)

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Cheap Homes in the Lockerbie Square area of Indianapolis.

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.

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property at 1335 Central Ave

1335 Central Ave

IndianapolisIN46202

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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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!

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Lockerbie Square, Indianapolis, IN Local Guide

Cheapest Available Lockerbie Square Apartments for Rent

 

The cheapest available apartment rental in the Lockerbie Square area of Indianapolis, IN is a 1 Bed unit found at The Seminole priced from $833. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here are the most affordable Lockerbie Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
The Seminole1br1BR,1BA$833
Priscilla on PennsylvaniaStudioStudio,1BA$875
Circle City ApartmentsWinterhouse Studio 389Studio,1BA$910
Christian Place ApartmentsOne Bed1BR,1BA$950
Line LoftsThe Inspiration 60% HOME2BR,1BA$962

Best Value Apartments for Rent in Lockerbie Square, IN

As of May 02, 2025 the best value apartment in the Lockerbie Square area is the $1.24 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,199. The second greatest value Lockerbie Square apartment is the Senate: Floors 06-07 Model at Penn Street Tower Apartments starting at $1,399 with a $1.37 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Lockerbie Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Block3 Bedroom 2 Bath3BR,2BA$1.24
Penn Street Tower ApartmentsSenate: Floors 06-072BR,1BA$1.37
Line LoftsThe Intuition 60%2BR,1BA$1.42
Lockerbie Flats1 Bedroom1BR,2BA$1.48
RaleighRaleigh 1BTH 8861BR,2BA$1.42
The Seminole1br1BR,1BA$1.13
1010 CentralDepot 60%1BR,1BA$1.59
Christian Place ApartmentsOne Bed1BR,1BA$1.30
Illinois Street Senior Apartments1BR 1A 60%1BR,1BA$1.55
College Manor1 BR1BR,1BA$1.57

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Frequently Asked Questions about Lockerbie Square

What type of rentals are currently available in Lockerbie Square?

There are currently 200 Apartments for Rent in Lockerbie Square, IN with pricing that ranges from $605 to $9,508. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lockerbie Square ranging from $695 to $6,200.

What is the current price range for Rental Homes in Lockerbie Square?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Lockerbie Square ranges from $695 to $6,200 with an average monthly rent of $2,311.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.