Cheap Apartments for Rent in the Lawrence Neighborhood of Indianapolis, IN from $500 (38 Rentals)

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

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226
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Jamestowne Apartments
2 Bedroom Apartments

Jamestowne Apartments

8917 Duxbury RdIndianapolis, IN 46226
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Peppermill Farms
1 to 2 Bedroom Apartments

Peppermill Farms

6830 Mill View DrIndianapolis, IN 46226
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Cavalier Court
1 to 3 Bedroom Apartments

Cavalier Court

9108 E 38th PlIndianapolis, IN 46235
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Maison Gardens
1 to 3 Bedroom Apartments

Maison Gardens

8808 Rue Madeleine RueIndianapolis, IN 46226

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Maplewood
3 Bedroom Apartments

Maplewood

12451 Pendleton PikeIndianapolis, IN 46236
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Lawrence Glen
1 to 2 Bedroom Apartments

Lawrence Glen

8633 E 46th StIndianapolis, IN 46226
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The Haciendas
1 to 3 Bedroom Apartments

The Haciendas

3816 Trilbey DrIndianapolis, IN 46235
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Lawrence - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Showing Results 1-38, Page 1 of 1

Lawrence, Indianapolis, IN Local Guide

Cheapest Available Lawrence Apartments for Rent

 

The cheapest available apartment rental in the Lawrence area of Indianapolis, IN is a Studio unit found at Franklin Studios priced from $725. Autumn Trails Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable Lawrence apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$825
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$842
Carriage House East1 Bedroom Apartment Hope1BR,1BA$846
Lake CastletonCongressional1BR,1BA$896
Fountainview Apartments1BR/1BA1BR,1BA$925
Apartments @ Marten Court1x11BR,1BA$925
Timber Point ApartmentsThe Ashland1BR,1BA$930

Best Value Apartments for Rent in Lawrence, IN

As of May 14, 2025 the best value apartment in the Lawrence area is the $1.14 price per square foot 2 Bed 2 Bath Apartment w/Den - Renovated Model at Lenox Apartments in the in the Far Eastside neighborhood starting from $1,225. The second greatest value Lawrence apartment is the 1 Bed 1 Bath Model at Brookhaven Apartments starting at $825 with a $0.86 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.
Lenox Apartments2 Bed 2 Bath Apartment w/Den - Renovated2BR,2BA$1.14
Brookhaven Apartments1 Bed 1 Bath1BR,1BA$0.86
Apartments @ Marten Court2x1 with washer/dryer2BR,1BA$1.23
Reserve at Franklin Glen2BR2B- Reserve at Franklin Glen2BR,2BA$1.31
Carriage House East2 Bedroom Apartment Optimism2BR,1BA$1.18
Fountainview Apartments2BR/1BA2BR,1BA$1.42
Timber Point ApartmentsThe Ashland1BR,1BA$1.13
Avery Point ApartmentsJade1BR,1BA$1.43
The Life at Harrison Trails1 BED 1 BATH A (LOFT)1BR,1BA$1.26
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$1.29

Quick Rent Budget Calculator

How much rent can you afford?

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Pet Friendly Lifestyle
Lawrence, Indianapolis, IN

Ranked #32

Among neighborhoods in Indianapolis, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Lawrence, Indianapolis, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Lawrence, Indianapolis, and the greater Indianapolis area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, transit availability, pet-friendly communities, family-friendliness, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Lawrence Neighborhood in Indianapolis, IN

Walk Score®

49 / 100

Car-Dependent

Most errands require a car

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $930.

What is the price of a cheap apartment in Lawrence?

The cheapest apartment in Lawrence is Serenity Park Apartments which is listed at $769, while the average apartment in Lawrence costs $1,920.

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 11 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 $197 which is $1,723 cheaper than the average rent for all rentals in Lawrence.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.