Cheap Homes for Rent in Lawrence, IN from $700 (52 Rentals)

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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.

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

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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 $725. Autumn Trails Apartments in the Southeast Indianapolis neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here is today’s list of the most affordable Lawrence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park ApartmentsSerenity Park - Cozy, Convenient, and Priced Ri...1BR,1BA$769
Frederick SquareFrederick Square 1 bedroom1BR,1BA$773
Spanish OaksStudioStudio,1BA$799
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
Kingston Square ApartmentsThe AshStudio,1BA$829
Willowood EastOne Bed One Bath1BR,1BA$845
M Club ApartmentsA11BR,1BA$848
The Life at Harrison Trails1 BED 1 BATH B1BR,1BA$859

Best Value Apartments for Rent in Lawrence, IN

As of December 28, 2025 the best value apartment in the Lawrence area is the $1.31 price per square foot Aspen Model at Meridian Homes at Sycamore Drive in the in the Admirals Landing neighborhood starting from $2,560. The second greatest value Lawrence apartment is the 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements starting at $1,450 with a $1.12 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.
Meridian Homes at Sycamore DriveAspen4BR,2.5BA$1.31
Shadeland Terrace Townhomes w/Full Basements2 BR / 1.5 BA2BR,1.5BA$1.12
Brookhaven Apartments2 Bed 1 Bath2BR,1BA$0.91
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.15
Heritage Apartments2 Beds, 1 Baths2BR,1BA$1.31
Lawrence LandingOne Bedroom1BR,1BA$1.10
Timber Point ApartmentsThe Ashland1BR,1BA$1.08
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.25
Frederick SquareFrederick Square 1 bedroom1BR,1BA$1.10
Serenity Park ApartmentsSerenity Park - Cozy, Convenient, and Priced Ri...1BR,1BA$1.29

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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.

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

Explore Lawrence, IN Rentals by Map

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See the most popular apartments and homes in Lawrence, IN

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Frequently Asked Questions about Lawrence

What type of rentals are currently available in Lawrence?

There are currently 128 Apartments for Rent in Lawrence, IN with pricing that ranges from $725 to $7,998. There are also 192 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $775 to $3,400.

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 $775 to $3,400 with an average monthly rent of $1,646.

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 $1,170 to $7,998, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,075 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $975.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!