Cheap Apartments for Rent in the Lawrence Neighborhood of Indianapolis, IN from $400 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lawrence area of Indianapolis.

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Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226
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Cavalier Court
1 to 3 Bedroom Apartments

Cavalier Court

9108 E 38th PlIndianapolis, IN 46235
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Maison Gardens
1 to 3 Bedroom Apartments

Maison Gardens

8808 Rue Madeleine RueIndianapolis, IN 46226
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Maplewood
2 to 3 Bedroom Apartments

Maplewood

12451 Pendleton PikeIndianapolis, IN 46236
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Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-33, Page 1 of 1

Lawrence, Indianapolis, IN Local Guide

Cheapest Available Lawrence Apartments for Rent

 

The cheapest available apartment rental in the Lawrence area of Indianapolis, IN is a 2 Beds unit found at Jamestowne Apartments priced from $625. Franklin Studios has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here are the most affordable Lawrence apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Jamestowne ApartmentsNew2BR,1BA$625
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
The Vineyards Apartment HomesStudio ClassicStudio,1BA$799
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
Lake Castleton ApartmentsCongressional1BR,1BA$896
Timber Point ApartmentsThe Bonelli2BR,2BA$905
M Club ApartmentsB12BR,1BA$917
Fountainview ApartmentsOasis1BR,1BA$925
Apartments @ Marten Court1x11BR,1BA$925

Best Value Apartments for Rent in Lawrence, IN

As of January 27, 2026 the best value apartment in the Lawrence area is the $1.07 price per square foot 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements in the in the Southeast Indianapolis neighborhood starting from $1,395. The second greatest value Lawrence apartment is the 2 Bed 1 Bath Model at Brookhaven Apartments starting at $1,075 with a $0.91 price per square foot in the Southeast Indianapolis neighborhood. Here is today’s list of the best values for Lawrence apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$1.07
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.91
Carriage House East3 Bedroom Townhome Empowerment3BR,1.5BA$1.37
Timber Point ApartmentsThe Bonelli2BR,2BA$0.91
Benjamin CourtTwo Bedroom Two Baths2BR,2BA$1.43
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Jamestowne ApartmentsExisting2BR,1BA$1.39
Fountainview ApartmentsVista2BR,1BA$1.40
Lawrence LandingOne Bedroom1BR,1BA$1.10
The Lenox Apartment Homes1 Bed 1 Bath Apartment - Renovated1BR,1BA$1.37

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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.

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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

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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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Best Local Schools in
Lawrence, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Lawrence, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, transit availability, pet-friendly communities, family-friendliness, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lawrence Apartments

What is a cheap apartment in Lawrence?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lawrence is under $925.

What is the price of a cheap apartment in Lawrence?

The cheapest apartment in Lawrence is Brookhaven Apartments which is listed at $825, while the average apartment in Lawrence costs $1,510.

What types of apartments are the cheapest in Lawrence?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 43 regular apartments in Lawrence that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lawrence?

Cheap apartments in Lawrence have an average cost of $329 which is $1,181 cheaper than the average rent for all rentals in Lawrence.

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

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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.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

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.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.