With the Monte Carlo simulation, we investigate the thermodynamics and magnetic properties of the artificial frustrated square and honeycomb lattices. The results from the Ising-like dipolar model show that there occurs one magnetic order transition for the square lattice while the honeycomb lattice exhibits two magnetic order phase transitions. When the magnetic field is applied perpendicular to one of sublattices, a sharp field-independent peak in the specific heat curves appears at a very low temperature for both frustrated lattices due to the occurrence of a long-range ordered state induced by the magnetic field. For the square lattice, the coercive field slightly increases with the angle of field relative to the vertical axis. For both frustrated lattices, the magnetic reversal is achieved mostly via flipping a chain of the nearest neighbor spins.