Lockerbie Lofts

📍 640 E Michigan St, Indianapolis, IN 46202

📋 Property Overview

Studio - 2 bd, 1 ba, available in Downtown Indianapolis, Indianapolis, Indiana. Interior space is 585 sq ft. Monthly rent ranges $1,165-$1,905. Features in the home include walk in closets, patio / balcony, in unit laundry and microwave. The building offers on-site laundry, package receiving, dog park and garage. Pets are allowed (dogs and cats), with pet rent of $25/month per pet. Parking is available: attached Parking Garage. Leases run 12 months. Availability: Available now. With a Walk Score of 85, most errands can be done on foot. Transit Score is 59. That is 14% below the local median of $1,350.

🚶 Getting Around

• Walk Score85/100

  Very Walkable

• Transit Score59/100

  Good Transit

💵 Costs & Lease

Deposit

$180

Lease length

12 months

Units available

12 units

Amounts are as published by the source and may change. Confirm before applying.

📐 Floor Plan Details

• A2 - The Webber1 bd · 1 ba · 759 sq ft$1,3753 units available
• B1 - The Mary2 bd · 2 ba · 984 sq ft$1,9051 unit available
• B2 - The Tate2 bd · 2 ba · 1,008 sq ft$1,8503 units available
• S1 - The WileyStudio · 1 ba · 585 sq ft$1,1653 units available
• S2 - The CraneStudio · 1 ba · 667 sq ft$1,5251 unit available
• A1 - The Oliver1 bd · 1 ba · 759 sq ftNone available right now
• S1-2 - The Wiley 2Studio · 1 ba · 585 sq ft$1,2651 unit available

🧾 Move-in Costs & Lease

Security deposit

$180

Move-in fee

$150 admin fee

Other fees

Renter's insurance required

Lease length

12 months

Lease options

12 months

Available

Available now

Application fee

$60 per applicant, paid to RivoRent

Property amounts are as published by the source and may change. Confirm before applying. The application fee is RivoRent's own and is the same on every listing.

🛡️ Renters Insurance — Estimated Cost

Based on what Indiana renters actually paid: NAIC industry data for 2023 (average HO-4 premium, 388,827 policy-years), adjusted to July 2026 with the U.S. Bureau of Labor Statistics tenants' insurance index. It is a market average, not a price for this building and not a price for you.

Your own price depends most on your credit-based insurance score, your claims history and which carrier you choose. In published Ohio figures the same coverage ranges from $127 a year at excellent credit to $933 at poor credit. We do not ask for any of that, so we cannot narrow this for you.

✅ Who Qualifies

Must have 3x the rent in total household income (before taxes)

🐾 Pets

Pets

Allowed

Types

Cats, Dogs

Pet rent

$25/month per pet

One-time pet fee

$150 per pet

Limit

2 pets

Restrictions

The following breeds are restricted: Pitbulls, Staffordshire Terriers, Rottweilers, Alaskan Malamutes, Doberman Pinschers, Chows, Great Danes, Saint Bernards & Akitas

✨ Features & Details

• Pet Friendly
• In unit laundry
• Patio / balcony
• Granite counters
• Hardwood floors
• Dishwasher
• Ceiling fan
• Air conditioning
• Furnished
• Bathtub
• Carpet
• Garbage disposal
• Ice maker
• Microwave
• Oven
• Range
• Refrigerator
• Smoke-free units
• Stainless steel
• Walk in closets
• Clubhouse
• Courtyard
• On-site laundry
• Parking
• Pool
• Garage
• Cats allowed
• Dogs allowed
• Accessible
• Elevator
• 24hr gym
• 24hr maintenance
• Bike storage
• Car charging
• CC payments
• Coffee bar
• Dog park
• E-payments
• Hot tub
• Internet access
• Key fob access
• Lobby
• Online portal
• Package receiving
• Smoke-free community
• Trash valet
• Valet service
• Yoga
• 759 sq ft
• 984 sq ft
• 1008 sq ft
• 585 sq ft
• 667 sq ft

📊 Property Facts

Walk Score

85 · Very Walkable

Transit Score

59 · Good Transit

🚗 Parking

• Attached Parking Garage

🎓 Nearby Schools

• William McKinley School 39 · PK-65/10 · 0.9 mi
• Southeast Neighborhood School of Excellence (SENSE) · K-82/10 · 1.0 mi
• James A. Garfield School 31 · K-82/10 · 1.0 mi
• Center for Inquiry School 2 · K-86/10 · 1.3 mi
• Arsenal Technical High School · 9-121/10 · 1.4 mi
• SUPER School 19 · PK-81/10 · 1.7 mi
• H.L. Harshman Magnet Middle School · 7-82/10 · 1.7 mi
• Theodore Potter School 74 · K-62/10 · 1.7 mi
• Eleanor Skillen Elementary School 34 · PK-61/10 · 1.7 mi
• Thomas D. Gregg School 15 · PK-62/10 · 1.8 mi

🏡 Floor Plans