Cheap Homes for Rent in Lawrence Neighborhood of Indianapolis, IN from $300 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226

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.

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 Studio unit found at Franklin Studios priced from $725. M Club Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $742. Here are the most affordable Lawrence apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
M Club ApartmentsS1Studio,1BA$742
Autumn Trails ApartmentsThe MapleStudio,1BA$749

Best Value Apartments for Rent in Lawrence, IN

As of June 26, 2025 the best value apartment in the Lawrence area is the $1.11 price per square foot 2 Bedroom Townhome Dedication Model at Carriage House East in the in the Southeast Indianapolis neighborhood starting from $1,106. The second greatest value Lawrence apartment is the 1 Bed 1 Bath Model at Brookhaven Apartments starting at $825 with a $0.86 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.
Carriage House East2 Bedroom Townhome Dedication2BR,1.5BA$1.11
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Reserve at Franklin Glen2BR2B- Reserve at Franklin Glen2BR,2BA$1.31
Fountainview Apartments2BR/1BA2BR,1BA$1.42
Lawrence LandingOne Bedroom1BR,1BA$1.10
Timber Point ApartmentsThe Ayers1BR,1BA$1.17
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$1.26
Vineyards Apartments1 Bedroom Apartment1BR,1BA$1.43
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$1.29

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Lawrence

What type of rentals are currently available in Lawrence?

There are currently 73 Apartments for Rent in Lawrence, IN with pricing that ranges from $725 to $4,500. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $380 to $3,600.

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 $380 to $3,600 with an average monthly rent of $1,718.

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 $1,225 to $3,478, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,350.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.