
Cheap Homes for Rent in Lawrence, IN from $1,100 (42 Rentals)
Search the lowest-cost Homes available for rent right now in Lawrence.


4823 Atwell Dr

6267 E 24th St

3934 N Grand Ave

3226 Wellington Ave

8254 Meadowlark Dr

3728 N Brentwood Ave

3967 Downes Dr
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.

6947 E 48th St

7355 Westchester Dr

3815 Biscayne Rd

8738 Montery Rd

7361 Westchester Dr

8501 Athens Ct

4307 N Edmondson Ave

6649 Meadowlark Dr
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.

8315 Meadowlark Dr

4430 N Longworth Ave

3705 N Whittier Pl

3829 Biscayne Rd

3823 Biscayne Rd

3821 Biscayne Rd

3645 N Sadlier Dr

3631 Decamp Dr
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.

3658 Marseille Rd

6401 E 44th Pl

8124 E 37th St

8124 E 37th Pl

4601 N Richardt Ave

7910 Roy Rd

6602 E 47th St

7531 Penway St
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.

9438 Conried Dr

8302 E 36th St

4627 Karen Dr

8341 E 41st Pl

4627 Karen Dr

3243 Eastbrooke Ct

4623 N Richardt Ave

6021 42nd St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

3710 N Layman Ave

3826 Ireland Dr
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 | $1,469 | $1,100 | $1,899 |
| Lawrence 3 Bedroom Homes for Rent | $1,743 | $1,145 | $2,780 |
| Lawrence 4 Bedroom Homes for Rent | $1,991 | $1,295 | $3,095 |
| Lawrence 5 Bedroom Homes for Rent | $2,191 | $1,700 | $2,480 |
| Lawrence 6 Bedroom Homes for Rent | $2,495 | $2,495 | $2,495 |
Browse Top Homes for Rent in Lawrence
Explore Lawrence
Lawrence, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Postbrook East Apartments in the Southeast Indianapolis neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $745. 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 | $665 |
| Postbrook East Apartments | 2bd TH Remodeled | 2BR,1BA | $745 |
| Willowood East | Studio | Studio,1BA | $760 |
| Spanish Oaks | Studio | Studio,1BA | $775 |
| Maison Gardens Apartments | 2 BDR Remodeled | 2BR,1BA | $780 |
| Serenity Park Apartments | STOP SCROLLING — SERENITY PARK IS UNDER NEW MAN... | 1BR,1BA | $794 |
| Frederick Square | Frederick Square 1 bedroom | 1BR,1BA | $797 |
| Kingston Square Apartments | The Ash | Studio,1BA | $799 |
| Brookhaven Apartments | 1 Bed 1 Bath | 1BR,1BA | $825 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $835 |
Best Value Apartments for Rent in Lawrence, IN
As of July 13, 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 |
| Lawrence Landing | Two Bedroom | 2BR,1.5BA | $1.04 |
| 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 | $1.19 |
| The Life at Harrison Trails | 2 BED 1 BATH | 2BR,1BA | $1.30 |
| Timber Point Apartments | The Ayers | 1BR,1BA | $1.15 |
| Frederick Square | Frederick Square 1 bedroom | 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.
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 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.
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 131 Apartments for Rent in Lawrence, IN with pricing that ranges from $665 to $7,472. There are also 144 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $1,100 to $3,095.
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 $1,100 to $3,095 with an average monthly rent of $1,906.
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 $1,215 to $7,472, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,145 to $2,780. Four Bedroom Single-Family rentals are also available starting from $1,295 and Four Bedroom Apartments start at $1,555.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.

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.