8027 N Richardt Ave
IndianapolisIN46256
Cheap Homes for Rent in Lawrence, IN from $400 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Lawrence.
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$649Studio Apartments Available Now
4985 N Franklin Rd
4985 N Franklin RdIndianapolis, IN 46226
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$649Studio Apartments Available Now
4985 N Franklin Rd
4985 N Franklin RdIndianapolis, IN 46226
6005 Dickson Rd
IndianapolisIN46226
2226 N Kenyon St
IndianapolisIN46219
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$1,0252 Bedroom Apartments Available Now
4200 N Arlington Ave
4200 N Arlington AveIndianapolis, IN 46226
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.
3809 Biscayne Rd
IndianapolisIN46226
7406 E 53rd St
IndianapolisIN46226
3710 N Irvington Ave
IndianapolisIN46218
8218 E 50th St
IndianapolisIN46226
8254 Meadowlark Dr
IndianapolisIN46226
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$1,2003 Bedroom Apartments Available Now
5936 Radnor Rd
5936 Radnor RdIndianapolis, IN 46226
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.
7355 Westchester Dr
LawrenceIN46226
3815 Biscayne Rd
IndianapolisIN46226
3226 Wellington Ave
IndianapolisIN46226
3962 Strathmore Dr
IndianapolisIN46235
7955 E 49th St
IndianapolisIN46226
7361 Westchester Dr
IndianapolisIN46226
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.
3918 N Webster Ave
IndianapolisIN46226
3718 N Audubon Rd
IndianapolisIN46218
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Lawrence, IN Local Guide
Storms Creek Stone Arch Bridge by Flickr User: dok1 is licensed under CC BY 2.0
How much does it cost to rent a home in Lawrence?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lawrence 2 Bedroom Homes for Rent | $1,305 | $725 | $2,150 |
| Lawrence 3 Bedroom Homes for Rent | $1,808 | $1,055 | $2,700 |
| Lawrence 4 Bedroom Homes for Rent | $2,142 | $1,395 | $2,900 |
| Lawrence 5 Bedroom Homes for Rent | $3,288 | $2,395 | $4,950 |
| Lawrence 6 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
Browse Top Homes for Rent in Lawrence
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Lawrence, IN Local Guide
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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 $725. M Club Apartments in the Far Eastside neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $738. Here is today’s list of the most affordable Lawrence apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Studios | Studio | Studio,1BA | $725 |
| M Club Apartments | S1 | Studio,1BA | $738 |
| Spanish Oaks | Studio | Studio,1BA | $775 |
| Serenity Park Apartments | STOP SCROLLING — SERENITY PARK IS UNDER NEW MAN... | 1BR,1BA | $794 |
| Kingston Square Apartments | The Ash | Studio,1BA | $799 |
Best Value Apartments for Rent in Lawrence, IN
As of May 28, 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 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| The Reserve at Franklin Glenn | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| Park Forest Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Frederick Square | Frederick Square 2 bedroom | 2BR,1BA | $1.02 |
| Maison Gardens Apartments | 2 BDR Remodeled | 2BR,1BA | $1.19 |
| Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.25 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.14 |
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
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.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Lawrence, IN Rentals by Map
See the most popular apartments and homes in Lawrence, IN
Frequently Asked Questions about Lawrence
What type of rentals are currently available in Lawrence?
There are currently 132 Apartments for Rent in Lawrence, IN with pricing that ranges from $649 to $5,661. There are also 149 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $435 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 $435 to $4,950 with an average monthly rent of $2,005.
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 $1,190 to $5,661, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,055 to $2,700. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,320.
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
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.
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.