Cheap Apartments for Rent in Lawrence, IN from $400 (89 Rentals)

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

property at 4610 Karen Dr

$1,349

3 Bedroom Rentals

Available Now

4610 Karen Dr

LawrenceIN46226
property at 5013 N Kitley Ave

$650

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$650
Total Monthly Price
$650

1 Bedroom, 1.5 Bath Home for Rent

Available Now

5013 N Kitley Ave

IndianapolisIN46226
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M Club Apartments
$725 - $2,032
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$725 - $2,032
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Studio to 2 Bedroom Apartments Available Now

M Club Apartments

7007 Courthouse DrIndianapolis, IN 46226
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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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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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Lake Castleton Apartments
Rent Specials
$980 - $1,654
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Total Monthly Price

Base Rent
$980 - $1,654
Total Monthly Price
$980 - $1,654
Studio to 2 Bedroom Apartments Available Now

Lake Castleton Apartments

7601 Carlton Arms DrIndianapolis, IN 46256
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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Lawrence, IN Local Guide

Cheapest Available Lawrence Apartments for Rent

 

The cheapest available apartment rental in Lawrence, IN is a Studio unit found at Franklin Studios in the Far Eastside neighborhood priced from $665. M Club Apartments in the Far Eastside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Lawrence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$665
M Club ApartmentsA11BR,1BA$725
Postbrook East Apartments2bd TH Remodeled2BR,1BA$745
Willowood EastStudioStudio,1BA$760
Spanish OaksStudioStudio,1BA$775
Maison Gardens Apartments2 BDR Remodeled2BR,1BA$780
Kingston Square ApartmentsThe AshStudio,1BA$799
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$842
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$850
Bavarian Village ApartmentsThe Challis 1 BR 1 BA1BR,1BA$859

Best Value Apartments for Rent in Lawrence, IN

As of June 14, 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 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$0.89
Postbrook East Apartments3 bd F Remod3BR,1BA$1.07
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Park Forest Apartments2BR/1BA2BR,1BA$1.27
Frederick SquareFrederick Square 2 bedroom2BR,1BA$1.00
Lawrence LandingOne Bedroom1BR,1BA$1.10
Serenity Park ApartmentsNOW LEASING – NEW MANAGEMENT – APARTMENTS GOING...2BR,1BA$1.16
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Timber Point ApartmentsThe Ayers1BR,1BA$1.23

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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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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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Lawrence, IN Rentals by Map

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Frequently Asked Questions about Cheap Lawrence Apartments

What is the Cheapest Studio apartment in Lawrence?

Currently the most affordable Cheap Studio Apartment in Lawrence is at Franklin Studios listed at $665.

How much is rent for a Cheap One Bedroom Lawrence Apartment?

The lowest price for a Cheap One Bedroom Lawrence Apartment is $725 at M Club Apartments.

What is the lowest price for a Cheap Two Bedroom Lawrence Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lawrence is starting from $745 at Postbrook East Apartments.

What is the most affordable Lawrence Three Bedroom Apartment?

The best deal on a cheap Lawrence Three Bedroom Apartment rental is at Maison Gardens Apartments and starts from $870.

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.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

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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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.