8027 N Richardt Ave
IndianapolisIN46256
Cheap Homes for Rent in Lawrence Neighborhood of Indianapolis, IN from $400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Lawrence area of Indianapolis.
close
View Me
$649Studio Apartments Available Now
4985 N Franklin Rd, Unit 1
4985 N Franklin RdIndianapolis, IN 46226
7406 E 53rd St
IndianapolisIN46226
3809 Biscayne Rd
IndianapolisIN46226
6609 E 42nd St
IndianapolisIN46226
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
8218 E 50th St
IndianapolisIN46226
8254 Meadowlark Dr
IndianapolisIN46226
7526 Ruskin Pl
IndianapolisIN46226
3962 Strathmore Dr
IndianapolisIN46235
7361 Westchester Dr
IndianapolisIN46226
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
3815 Biscayne Rd
IndianapolisIN46226
Showing Results 1-11, Page 1 of 1
Lawrence, Indianapolis, IN Local Guide
How much does it cost to rent a home in Lawrence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lawrence 2 Bedroom Homes for Rent | $1,309 | $1,050 | $2,150 |
| Lawrence 3 Bedroom Homes for Rent | $1,782 | $1,150 | $2,575 |
| Lawrence 4 Bedroom Homes for Rent | $2,106 | $1,395 | $3,120 |
| Lawrence 5 Bedroom Homes for Rent | $3,048 | $1,800 | $4,950 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Lawrence Neighborhood of Indianapolis, IN.
Explore Indianapolis
Lawrence, Indianapolis, IN Local Guide
- Nearby Indianapolis neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Lawrence Apartments for Rent
The cheapest available apartment rental in the Lawrence area of Indianapolis, IN is a Studio unit found at Franklin Studios priced from $725. Willowood East has the second lowest priced unit, which is a Studio apartment currently listed from $760. Here are the most affordable Lawrence apartments for rent in Indianapolis, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $725 |
| Willowood East | Studio | Studio,1BA | $760 |
| Maison Gardens Apartments | 1BD R | 1BR,1BA | $785 |
| The Vineyards Apartment Homes | Studio Classic | Studio,1BA | $819 |
| Postbrook East Apartments | 1bd F | 1BR,1BA | $820 |
Best Value Apartments for Rent in Lawrence, IN
As of May 07, 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 $1,050 with a $0.89 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.89 |
| Postbrook East Apartments | 3 bd F Remod | 3BR,1BA | $1.07 |
| Carriage House East | 3 Bedroom Townhome Empowerment | 3BR,1.5BA | $1.37 |
| Timber Point Apartments | The Bonelli | 2BR,2BA | $0.99 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| The Reserve at Franklin Glenn | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| The Lenox Apartment Homes | The Andover - Upgraded | 1BR,1BA | $1.31 |
| The Life at Harrison Trails | 1 BED 1 BATH A (LOFT) | 1BR,1BA | $1.26 |
| Maison Gardens Apartments | 1BD R | 1BR,1BA | $1.32 |
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.
Read Article
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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Lawrence area?
If you’re an expert on all things Lawrence, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Lawrence, Indianapolis, IN
School data provided by Great Schools
Frequently Asked Questions about Lawrence
What type of rentals are currently available in Lawrence?
There are currently 78 Apartments for Rent in Lawrence, IN with pricing that ranges from $649 to $3,392. There are also 86 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $440 to $4,950.
What is the current price range for Rental Homes in Lawrence?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lawrence ranges from $440 to $4,950 with an average monthly rent of $1,737.
How much are larger Three and Four Bedroom Rentals in Lawrence?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Lawrence range from $1,100 to $3,392, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $2,575. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,340.
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
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.
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.
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.
Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home
Written by: Wendy Melton
Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.