Cheap Apartments for Rent in Lawrence, KS from $400 (119 Rentals)

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

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

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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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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PENN STREET LOFTS
Studio to 3 Bedroom Apartments

PENN STREET LOFTS

801 Pennsylvania StLawrence, KS 66044
  • Utilities Included

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, KS Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Lawrence, KS

Pricing Updated: 04/15/2026

Current apartment rentals in the Lawrence, KS area range in price from $439 to $3,472 with an overall median price of $1,167. The three Lawrence neighborhoods with the lowest median rent pricing are North Lawrence at $439, Barker at $439, and Brook Creek at $439. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Lawrence Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Lawrence$1,014$43929
Barker$1,065$43958
Brook Creek$1,065$43941
East Lawrence$1,065$43960
Centennial$1,075$43972
Downtown University$1,075$43932
HiIlcrest$1,075$43982
Schwegler$1,075$43983
South Hills$1,075$71027
University Place$1,075$43969

Cheapest Available Lawrence Apartments for Rent

 

The cheapest available apartment rental in Lawrence, KS is a 1 Bed unit found at Red Hawk Apartments in the Centennial neighborhood priced from $715. Remington Square in the Sunset Hills neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $875. Here is today’s list of the most affordable Lawrence apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Red Hawk Apartments1BR/1.0BA1BR,1BA$715
Remington SquareA1Studio,1BA$875
The Links at Kansas I/IIClassic Deluxe IV1BR,1BA$880
700 Mass Apartments734-B1BR,1BA$900
Gazebo ApartmentsAffordable 2 Bedroom Available Now – Free Inter...2BR,1BA$915
Autumn and August Place ApartmentsOne Bedroom w/Hookup1BR,1BA$925
Highpointe Apartments1 Bedroom1BR,1BA$950
Wyndam Place Senior Residence - Lawrence1 Bed 1 Bath1BR,1BA$965
Quail CreekAll Electric 1 bedroom available now!1BR,1BA$975
Sagebrook on 9thTwo Bedroom Apartment2BR,1BA$1,000

Best Value Apartments for Rent in Lawrence, KS

As of April 15, 2026 the best value apartment in the Lawrence area is the $0.50 price per square foot 4x4.5 Townhome Model at The Collective at Lawrence in the in the Centennial neighborhood starting from $845. The second greatest value Lawrence apartment is the Four bedroom Model at Village at West End starting at $1,700 with a $1.10 price per square foot in the Sunset Hills 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.
The Collective at Lawrence4x4.5 Townhome4BR,4.5BA$0.50
Village at West EndFour bedroom4BR,3BA$1.10
Sagebrook TownhomesThree Bedroom3BR,2.5BA$1.07
Crosswinds EastRustic Style Meets Everyday Convenience at Cros...2BR,1.5BA$1.13
Sunrise Terrace3BR - Upgraded3BR,2BA$1.22
Park 25 Apartments2 Bed - 1 Bath | 1012 sq. ft.2BR,1BA$1.02
Chase Court2BR/2BA2BR,2BA$1.18
Village 1 / Hawk's Landing2x1.52BR,1.5BA$1.19
Harper Square ApartmentsTwo Bedroom2BR,1BA$1.19
Sagebrook on 9thTwo Bedroom Townhome2BR,1.5BA$1.14

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Lawrence Overview

Apartment life in Lawrence, KS is absolutely astounding. Many of the more historic buildings provide a rustic feel to them that makes them feel more like a home than an apartment, but you still get the convenience of apartment life. Some apartments even feature brick interiors, which is something you don't see in most cities around the US. The outdoor scenery is simply stunning, looking out your window is like looking at a classical painting, it's just that beautiful.

Why live in Lawrence, KS?

"If you enjoy a rustic environment and gorgeous scenery, Lawrence is the place for you. Many parts of the city have that down-home ""historic"" feel to them that is so lacking in many other parts of the USA. The art scene is also alive and well in Lawrence, so if you're seeking a more artistic lifestyle, this is the place for you. And being just a short distance away from Kansas City, you'll have a quick commute to the big city while not having to actually reside there."

Lawrence, KS
Population: 97,286

Ranked #322

in US Census Population by City

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Best Local Schools in
Lawrence, KS

School data provided by Great Schools

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

Explore Lawrence, KS Rentals by Map

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Frequently Asked Questions about Cheap Lawrence Apartments

What is a cheap apartment in Lawrence?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Lawrence is under $1,000.

What is the price of a cheap apartment in Lawrence?

The cheapest apartment in Lawrence is Red Hawk Apartments which is listed at $715, while the average apartment in Lawrence costs $1,167.

What types of apartments are the cheapest in Lawrence?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 472 regular apartments in Lawrence that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Lawrence?

Cheap apartments in Lawrence have an average cost of $436 which is $731 cheaper than the average rent for all rentals in Lawrence.

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.

Articles, How-To's, and Tips

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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.

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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.

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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.

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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.