
Cheap Homes for Rent in Lawrence, IN from $300 (26 Rentals)
Search the lowest-cost Homes available for rent right now in Lawrence.


5330 Hawthorne Dr

5330 Hawthorne Dr

6005 Dickson Rd

5918 Devington Rd

3710 N Irvington Ave
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.

2426 N Kitley Ave

2234 N Kitley Ave

Furnished Studio-Indianapolis - Lawrence

3618 N Hawthorne Ln

2234 N Kenyon St

3104 N Webster Ave
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.

2231 N Kenyon St

6317 Nimitz Dr

2233 N Kenyon St

9707 Conried Dr

5902 E 32nd St

8524 Georgiana Ln
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.

6255 E 25th St

Furnished Studio-Indianapolis - Castleton

8218 E 50th St

7711 E 46th St

3675 Newgate Ln

8161 Schoen Dr
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.

3626 N Hartman Dr

3535 N Brentwood Ave
Lawrence, 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 | $1,128 | $925 | $1,600 |
| Lawrence 3 Bedroom Homes for Rent | $1,696 | $945 | $3,400 |
| Lawrence 4 Bedroom Homes for Rent | $2,124 | $1,350 | $3,500 |
| Lawrence 6 Bedroom Homes for Rent | $1,725 | $1,725 | $1,725 |
Browse Top Homes for Rent in Lawrence
Explore Lawrence
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 Spanish Oaks in the Southeast Indianapolis neighborhood priced from $725. Franklin Studios in the Far Eastside neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Lawrence apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Spanish Oaks | Studio | Studio,1BA | $725 |
| Franklin Studios | Studio | Studio,1BA | $725 |
| Autumn Trails Apartments | The Maple | Studio,1BA | $749 |
| Serenity Park Apartments | 1BR/1.0BA | 1BR,1BA | $769 |
| Willowood East | Studio | Studio,1BA | $775 |
| Kingston Square Apartments | The Ash | Studio,1BA | $799 |
| Brookhaven Apartments | 1 Bed 1 Bath | 1BR,1BA | $825 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $850 |
| Frederick Square | Frederick Square 2 bedroom | 2BR,1BA | $876 |
| M Club Apartments | S1 | Studio,1BA | $884 |
Best Value Apartments for Rent in Lawrence, IN
As of February 26, 2026 the best value apartment in the Lawrence area is the $1.20 price per square foot Aspen Model at Meridian Homes at Sycamore Drive in the in the Admirals Landing neighborhood starting from $2,345. The second greatest value Lawrence apartment is the 2 BR / 1.5 BA Model at Shadeland Terrace Townhomes w/Full Basements starting at $1,395 with a $1.07 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. |
|---|---|---|---|
| Meridian Homes at Sycamore Drive | Aspen | 4BR,2.5BA | $1.20 |
| Shadeland Terrace Townhomes w/Full Basements | 2 BR / 1.5 BA | 2BR,1.5BA | $1.07 |
| Brookhaven Apartments | 2 Bed 1 Bath | 2BR,1BA | $0.91 |
| Willow Glen East | 2x1.5 1111 TH | 2BR,1.5BA | $1.20 |
| Apartments @ Marten Court | 2x1 with washer/dryer | 2BR,1BA | $1.23 |
| Park Forest Apartments | 2BR/1BA | 2BR,1BA | $1.27 |
| Frederick Square | Frederick Square 2 bedroom | 2BR,1BA | $0.99 |
| Lawrence Landing | One Bedroom | 1BR,1BA | $1.12 |
| Castleton Manor Apartments | The Banyan | 1BR,1.5BA | $1.25 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.17 |
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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleYour 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 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.
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 128 Apartments for Rent in Lawrence, IN with pricing that ranges from $725 to $6,753. There are also 208 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $380 to $3,500.
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 $3,500 with an average monthly rent of $1,512.
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 $1,185 to $6,753, while Three Bedroom Homes, Condos, and Townhomes for rent range from $945 to $3,400. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,380.
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.
Articles, How-To's, and Tips

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.