The Tallinn–Rapla (Tallinn–Viljandi) road (nr. 15) passes through Lokuti. The Vääna River flows through the village on its northern side.
In 1499 a Lokuta farmstead (Locketal) was mentioned on the site for the first time. Later a support manor of Saku Manor was located here (Paulshof). The nowadays settlement developed in the 1950s. In the 1960s a barn for cows with 448 slots was built.
In 2006 there were plans to built 1600 new residential buildings into Lokuti, so the settlement would grow into a small borough with a population of 5000. Since then no building process has taken place.