
Cheap Homes for Rent in the Downtown University Neighborhood of Lawrence, KS from $500 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown University area of Lawrence.

Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1300 Kentucky 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.
Downtown University, Lawrence, KS Local Guide

How much does it cost to rent a home in Downtown University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown University 2 Bedroom Homes for Rent | $1,231 | $850 | $1,900 |
| Downtown University 3 Bedroom Homes for Rent | $1,733 | $1,500 | $1,850 |
| Downtown University 4 Bedroom Homes for Rent | $2,200 | $2,100 | $2,300 |
| Downtown University 5 Bedroom Homes for Rent | $4,875 | $4,875 | $4,875 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Downtown University Neighborhood of Lawrence, KS.
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Downtown University, Lawrence, KS Local Guide
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Best Value Apartments for Rent in Downtown University, KS
As of July 26, 2026 the best value apartment in the Downtown University area is the $1.14 price per square foot 1215 Tennessee St Model at 1215 Tennessee St, Unit 2 in the in the Centennial neighborhood starting from $1,420. The second greatest value Downtown University apartment is the 3BR - Upgraded Model at Sunrise Terrace starting at $1,295 with a $1.22 price per square foot in the Centennial neighborhood. Here is today’s list of the best values for Downtown University apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1215 Tennessee St, Unit 2 | 1215 Tennessee St | 2BR,1BA | $1.14 |
| Sunrise Terrace | 3BR - Upgraded | 3BR,2BA | $1.22 |
| Sagebrook on 9th | Two Bedroom Townhome | 2BR,1.5BA | $1.14 |
| Briarstone | Briarstone Apartments | 1BR,1BA | $1.32 |
| Highpointe Apartments | 1 Bedroom | 1BR,1BA | $1.41 |
| 700 Mass Apartments | 847-C | 1BR,1BA | $2.05 |
| Union Flats and Townhomes | Aurora | 1BR,1BA | $1.27 |
| 935 Michigan Street | 935 Michigan Street - 204 | 1BR,1BA | $1.83 |
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 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.
Pet Friendly LifestyleDowntown University, Lawrence, KS
Ranked #17
Among cities in Kansas for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Downtown University, Lawrence, KS
Lawrence Liberty Memorial Central Mid School
School data provided by Great Schools
Frequently Asked Questions about Downtown University
What type of rentals are currently available in Downtown University?
There are currently 129 Apartments for Rent in Downtown University, KS with pricing that ranges from $439 to $3,600. There are also 12 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown University ranging from $550 to $4,875.
What is the current price range for Rental Homes in Downtown University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown University ranges from $550 to $4,875 with an average monthly rent of $1,927.
How much are larger Three and Four Bedroom Rentals in Downtown University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown University range from $439 to $1,545, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $1,850. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $509.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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.