471 N State Ave
IndianapolisIN46201
Cheap Homes for Rent in Lockerbie Square Neighborhood of Indianapolis, IN from $1,200 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Lockerbie Square area of Indianapolis.
230 E 9th St
IndianapolisIN46204
1541 E Ohio St
IndianapolisIN46201
12 N Randolph St
IndianapolisIN46201
1534 E Ohio St
IndianapolisIN46201
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
101 E 14th St
IndianapolisIN46202
228 N Randolph St
IndianapolisIN46201
228 N Randolph St
IndianapolisIN46201
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$1,779
Total Monthly Price
1 Bedroom Apartments Available Aug 9Total Monthly Price
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$1,779
Total Monthly Price
$1,779
615 N East St, Unit SI ID1364133P
615 N East StIndianapolis, IN 46202
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$1,788
Total Monthly Price
1 Bedroom Apartments Available Jun 28Total Monthly Price
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$1,788
Total Monthly Price
$1,788
615 N East St, Unit SI ID1364143P
615 N East StIndianapolis, IN 46202
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1512 English Ave
IndianapolisIN46201
1532 N College Ave
IndianapolisIN46202
115 N Arsenal Ave
IndianapolisIN46201
113 N Arsenal Ave
IndianapolisIN46201
425 Massachusetts Ave
IndianapolisIN46204
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Showing Results 1-15, Page 1 of 1
Lockerbie Square, Indianapolis, IN Local Guide
How much does it cost to rent a home in Lockerbie Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lockerbie Square 2 Bedroom Homes for Rent | $2,332 | $1,695 | $2,950 |
| Lockerbie Square 3 Bedroom Homes for Rent | $2,234 | $1,399 | $6,000 |
| Lockerbie Square 4 Bedroom Homes for Rent | $2,445 | $2,395 | $2,495 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Lockerbie Square Neighborhood of Indianapolis, IN.
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Lockerbie Square, Indianapolis, IN Local Guide
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Cheapest Available Lockerbie Square Apartments for Rent
The cheapest available apartment rental in the Lockerbie Square area of Indianapolis, IN is a Studio unit found at INDY FLATS priced from $705. Priscilla on Pennsylvania has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Lockerbie Square apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| INDY FLATS | Sherwood Std D | Studio,1BA | $705 |
| Priscilla on Pennsylvania | Studio- 1st Floor Corner | Studio,1BA | $799 |
| The Washington | Studio | Studio,1BA | $800 |
| The Davlan | 2-1 | 2BR,1BA | $846 |
| Indy Christian Place Apartments LLC | 1 Bedroom 1 Bath - 41138 | 1BR,1BA | $875 |
Best Value Apartments for Rent in Lockerbie Square, IN
As of June 11, 2026 the best value apartment in the Lockerbie Square area is the $1.49 price per square foot 3 Bedroom 2 Bath Model at The Block in the in the Riley neighborhood starting from $2,639. The second greatest value Lockerbie Square apartment is the Chicago Model at Maxwell Apartments starting at $1,846 with a $1.43 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | 3 Bedroom 2 Bath | 3BR,2BA | $1.49 |
| Maxwell Apartments | Chicago | 2BR,2BA | $1.43 |
| Line Lofts | The Intuition 60% | 2BR,1BA | $1.36 |
| The Davlan | 2-1 | 2BR,1BA | $0.95 |
| Van Dyke | Van Dyke 1B 830 | 1BR,1BA | $1.55 |
| The Vue | ONE BEDROOM APARTMENT | 1BR,1BA | $1.71 |
| Wyndham on Delaware | The Oxford | 1BR,1BA | $1.75 |
| 1010 Central | Loft 60% | 1BR,1BA | $1.61 |
| College Manor | 1 BR | 1BR,1BA | $1.49 |
| The McKay | McKay 1B 650 | 1BR,1BA | $1.72 |
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.
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Your 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.
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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.
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Pet Friendly LifestyleLockerbie Square, Indianapolis, IN
Ranked #17
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Lockerbie Square
What type of rentals are currently available in Lockerbie Square?
There are currently 205 Apartments for Rent in Lockerbie Square, IN with pricing that ranges from $518 to $6,595. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lockerbie Square ranging from $1,200 to $6,000.
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 $1,200 to $6,000 with an average monthly rent of $2,140.
How much are larger Three and Four Bedroom Rentals in Lockerbie Square?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lockerbie Square range from $1,400 to $6,595, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,399 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $895.
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
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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
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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.
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
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For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
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Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.