Cheap Homes for Rent in Lawrence Neighborhood of Indianapolis, IN from $1,100 (20 Rentals)

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Cheap Homes in the Lawrence area of Indianapolis.

property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226

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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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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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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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

Best Value Apartments for Rent in Lawrence, IN

As of May 09, 2025 the best value apartment in the Lawrence area is the $1.21 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 $1,300. 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$1.21
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 ApartmentsThe Spring1BR,1BA$1.44
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?

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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Frequently Asked Questions about Lawrence

What type of rentals are currently available in Lawrence?

There are currently 73 Apartments for Rent in Lawrence, IN with pricing that ranges from $725 to $3,915. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $1,125 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 $1,125 to $2,550 with an average monthly rent of $1,734.

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 $1,195 to $3,915, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,125 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,385 and Four Bedroom Apartments start at $1,455.

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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.