Cheap Homes for Rent in Lawrence Neighborhood of Indianapolis, IN from $700 (20 Rentals)

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

property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226

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.

property at 4934 N Kenyon Dr

4934 N Kenyon Dr

IndianapolisIN46226

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!

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
Vineyards ApartmentsStudio ApartmentStudio,1BA$761
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
Lenox Apartments1 Bed 1 Bath Apartment - Upgraded1BR,1BA$818

Best Value Apartments for Rent in Lawrence, IN

As of April 17, 2025 the best value apartment in the Lawrence area is the $1.36 price per square foot Beaumont Model at The Residences on 56th Street in the in the Far Eastside neighborhood starting from $1,469. The second greatest value Lawrence apartment is the 2 Bed 2 Bath Apartment w/Den - Renovated Model at Lenox Apartments starting at $1,137 with a $1.06 price per square foot in the Far Eastside 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 Residences on 56th StreetBeaumont3BR,2BA$1.36
Lenox Apartments2 Bed 2 Bath Apartment w/Den - Renovated2BR,2BA$1.06
Parkside at Castleton Square Apartments and TownhomesTwo Bedroom 2 Bath2BR,2BA$1.40
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$1.45
Timber Point ApartmentsThe Ashland1BR,1BA$1.13
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$1.29

Quick Rent Budget Calculator

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Frequently Asked Questions about Lawrence

What type of rentals are currently available in Lawrence?

There are currently 74 Apartments for Rent in Lawrence, IN with pricing that ranges from $725 to $4,339. There are also 119 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $700 to $2,550.

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 $700 to $2,550 with an average monthly rent of $1,881.

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 $1,180 to $4,339, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,650 and Four Bedroom Apartments start at $1,435.

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.

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.