Townhouse for rent

Pet friendly

2 Days Ago

516 Lockerbie Cir N
516 Lockerbie Cir N, Indianapolis, IN 46202, USA

Monthly rent	$2,350
Beds	2
Baths	2
Sqft	1,938

Monthly rent	$2,350
Beds	2
Baths	2
Sqft	1,938

2 Days Ago

Highlights

Pet Friendly

Private balcony
White cabinets
Attached garage
Stainless steel appliances
Sleek kitchen
Breakfast bar

Location

516 Lockerbie Cir N, Indianapolis, IN 46202, USA|Downtown Indianapolis

Tour 516 Lockerbie Cir N

Contact

T&H Realty Services

(930) 206-9418

Property Overview

A private balcony and attached garage add everyday convenience, while the sleek kitchen features white cabinets, stainless steel appliances, and a breakfast bar. The overall layout and finishes offer a comfortable blend of style and function.

Things you’ll love

More space
Middle school nearby
Elementary school nearby

Great for

Social life
Pet owners
Wellness

Amenities for 516 Lockerbie Cir N, Downtown Indianapolis

Features

Balcony

Community

Cats OK	Dogs OK
Onsite Laundry

Grounds

Garage Parking

Storage

Services

Package Service

Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms	12+ months

About 516 Lockerbie Cir N

Home

Houses in Indianapolis

516 Lockerbie Cir N, Indianapolis, IN 46202, USA

** Please sign up for the Waitlist via threaltyinc. com indianapolis-houses-for-rent to be notified when this home is available. Note: Applications are not accepted until the available date and the Rental Price is Subject to Change. ** Modern Brick Townhome in Historic Lockerbie! This stylish 2-bed, 2-bath home features an attached garage, luxury vinyl plank flooring, and neutral tones throughout. The main level offers a bright living space, sleek kitchen with white cabinets, stainless steel appliances, granite countertops, breakfast bar, pantry, and access to a private balcony. Upstairs, two bedrooms share a full bath with a double vanity in the primary ensuite. The lower level includes a den/office, laundry closet, extra storage, and a private fenced patio. Just steps from all the dining, shopping, and culture Downtown Indy has to offer! Virtual staging used. IMPORTANT: This home has an alarm system, please follow instructions when scheduling a tour. WARNING: Do not use a VPN when registering for a tour. 2-year lease preferred. Note: In addition to the monthly rent, residents will pay $45 each month for a Resident Benefits Package. Details: www threaltyinc com rbp Zero Deposit option for qualified applicants. Details can be found here: https www threaltyinc com our-deposit-waiver-program 3D Tour: https www zillow com view-imx 378c6ca5-4378-4402-a410-5efc8fe1d75f

Property highlights

How 516 Lockerbie Cir N, Indianapolis, IN 46202, USA compares to other nearby properties.

Positives

More space: The 2-bedroom is 746 sqft larger than other listings nearby
Middle school nearby: There is a middle school 0.4 mile away
Elementary school nearby: There is an elementary school 0.1 mile away
Covered parking: Garage, covered, or indoor parking is available at this address
Extra Storage: Upgraded in-unit features
Images available: There are at least 10 photos of this address
Package service: More secure storage for delivery

Considerations

Greater distance from high schools: The nearest high school is farther than 1 mile away

Address details

Neighborhood	Downtown Indianapolis
Zip code	46202
Type	House for rent

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Rent trends in Downtown Indianapolis

2-bedroom apartments at 516 Lockerbie Cir N cost about 1% more than the average rent price for 2-bedroom apartments in Indianapolis.

Median rents as of Jun 20 2026.

Downtown Indianapolis

Indianapolis

A table of 2-bedroom apartment rental data trends in Indianapolis
Month	Median Rent
July 2024	$1,380
August 2024	$1,377
September 2024	$1,384
October 2024	$1,394
November 2024	$1,392
December 2024	$1,378
January 2025	$1,389
February 2025	$1,389
March 2025	$1,333
April 2025	$1,312
May 2025	$1,322
June 2025	$1,312
July 2025	$1,298
August 2025	$1,290
September 2025	$1,266
October 2025	$1,275
November 2025	$1,275
December 2025	$1,256
January 2026	$1,245
February 2026	$1,239
March 2026	$1,250
April 2026	$1,250
May 2026	$1,275
June 2026	$1,291

A table of 2-bedroom apartment rental data trends in Downtown Indianapolis
Month	Median Rent
July 2024	$2,161
August 2024	$2,189
September 2024	$2,127
October 2024	$1,937
November 2024	$1,949
December 2024	$1,967
January 2025	$1,936
February 2025	$1,972
March 2025	$2,202
April 2025	$2,487
May 2025	$2,429
June 2025	$2,353
July 2025	$2,390
August 2025	$2,335
September 2025	$2,329
October 2025	$2,298
November 2025	$2,237
December 2025	$2,096
January 2026	$2,086
February 2026	$2,231
March 2026	$2,293
April 2026	$2,226
May 2026	$2,294
June 2026	$2,324

Affordability calculator

Can I afford to live at 516 Lockerbie Cir N?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.

The general rule of thumb is to spend around 30% or less of your income on rent.

Recommended income

$94,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $94,000 annually to afford this 2-bedrooms monthly rent price of $2,350.

For more information on rent affordability, visit our rent calculator.

Check availability

Rent history

Check out the past listing prices for monthly rent at 516 Lockerbie Cir N, Indianapolis, IN.
				Bath
	1 year ago	$2,400	2 bed	2 bath
	2 years ago	$2,595	2 bed	1.5 bath

Schools near 516 Lockerbie Cir N

Internet available near 516 Lockerbie Cir N

Getting around Indianapolis near 516 Lockerbie Cir N

Walking

9/10

No car? No problem. Everything you need is within a few blocks.

Driving

5/10

This area is accessible to thoroughfares and has ample parking options.

Cycling

9/10

Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

5/10

Frequent public transit options are within walking distance.

Points of interest for 516 Lockerbie Cir N, Indianapolis

Groceries

8/10

At least one supermarket within a 10-minute walk

Shopping

6/10

Several shops within walking distance

Cafes

6/10

Some cafés within a few minutes’ walk

Restaurants

7/10

Variety of restaurants within a few minutes' walk

Primary schools

9/10

At least one elementary school within a 10-minute walk

High schools

4/10

At least one high school within a 20-minute walk

Parks

7/10

Large amount of park space nearby

Nightlife

8/10

Several bars within a few minutes’ walk

Explore the area around 516 Lockerbie Cir N

Needler's Fresh Market

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320 E Market St

Whole Foods Market

320 E Market St

Kroger

227 W Michigan St

Kroger

524 E 16th St

Other units at this address

516 Lockerbie Cir N, Indianapolis, IN

516 Lockerbie Cir N Indianapolis, IN

Occupied

2 Beds, 1.5 Baths

2 Beds

1.5 Baths

1,938 sqft

$2,495

In-Unit Laundry • Carpet • Balcony

Days on market: 592

This beautifully updated 2 bed 1.5 bath brick townhome in the gorgeous and historic Lockerbie located within walking distance to Mass Ave, the Garage Hall and all the wonderful things Downtown Indy has to offer! Inside the 3 story townhome features: new flooring(beautiful luxury plank flooring on the lower and main levels) and fresh paint throughout! The lower level offers a spacious flex space perfect for an office to work from home! You will enjoy the seasons on the spacious back patio that is fenced! The main level features a spacious and light filled living room, updated kitchen that has painted cabinetry, beautiful stone countertops, and all upgraded SS appliances! Rounding out the main level includes a convenient 1/2 bath and a front balcony! The upper level features new carpet, 2 spacious bedrooms & an updated full bath with double vanity. Washer and Dryer are included as is a Water Softener! 1 car attached garage. Walking amongst the canopy of trees in Historic Lockerbie is the best in Indy! ******Special Limited Time Offer:***** Get Half a Month Off Rent! Move in now and enjoy a one-time savings of $1,250 when you sign a 24-month lease. Don’t miss this opportunity! Apply today! In addition to the monthly rent, Tenant will pay an additional $29 each month for a Resident Benefits Package (please visit https indianapmg com resident-benefit-package for more information). Two small dogs(up to 25lbs) will be considered with an approved pet application, an additional $400 refundable deposit (per pet), and an additional $45/month (per pet). Breed restrictions apply (please visit our website for details: https indianapmg com pet-policies) No smoking or vaping. Non-refundable $55 application fee for each occupant 18 years or older who will be living in the property. Applications completed at: https indianapmg com vacancies **Move-In Date: applicant must allow up to 10 days from the date an application is approved to when they can move into the property.** Contact us to schedule a showing.