Cheap Homes for Rent in Lawrence, IN from $700 (26 Rentals)

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Lawrence

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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property at 3901 Chateau Dr

3901 Chateau Dr

IndianapolisIN46226
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Lawrence, IN Local Guide

Cheapest Available Lawrence Apartments for Rent and Nearby

 

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

Apartment ListingModel NameBed/BathPriced From
Franklin StudiosStudioStudio,1BA$725
Autumn Trails ApartmentsThe MapleStudio,1BA$749
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$769
Vineyards Apartments1 Bedroom Apartment1BR,1BA$770
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
Kingston Square ApartmentsThe AshStudio,1BA$879
Timber Point ApartmentsThe Ashland1BR,1BA$895
Lake CastletonCongressional1BR,1BA$896

Best Value Apartments for Rent in Lawrence, IN and Nearby

As of April 13, 2025 the best value apartment in the Lawrence area is the $1.27 price per square foot Aspen Model at Meridian Homes at Sycamore Drive in the starting from $2,475. The second greatest value Lawrence apartment is the Lindbergh Model at Crosswinds starting at $1,369 with a $1.15 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.
Meridian Homes at Sycamore DriveAspen4BR,2.5BA$1.27
CrosswindsLindbergh3BR,2BA$1.15
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
Timber Point ApartmentsThe Ashland1BR,1BA$1.08
Castleton Manor ApartmentsThe Banyan1BR,1.5BA$1.33
Vineyards Apartments1 Bedroom Apartment1BR,1BA$1.20
Serenity Park Apartments1 Bedroom 1 Bath1BR,1BA$1.29

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Frequently Asked Questions about Lawrence

What type of rentals are currently available in Lawrence?

There are currently 121 Apartments for Rent in Lawrence, IN with pricing that ranges from $411 to $3,037. There are also 207 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lawrence ranging from $700 to $2,750.

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 $2,750 with an average monthly rent of $1,645.

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 $1,165 to $3,037, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,750. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $1,399.

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.

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.