9

Studio Apartments for Rent in Lawrence, IN

Section Image
  • /19

    Starting at $819 Per Month

    • Studio - 2 Beds

    9093 Bourbon St, Indianapolis, IN 46235

    The two-bedroom apartment at Harrison Point Apartments offers a contemporary and stylish living space with beautiful vinyl flooring that adds a touch of elegance and easy maintenance. Upgraded appliances in the kitchen provide a convenient and modern cooking experience for residents, ensuring their culinary needs are met with ease.The central air system keeps the entire apartment cool and

    Harrison Point Apartments

    9093 Bourbon St, Indianapolis, IN 46235
  • /23

    $1,079 Per Month

    • Studio
    • 1 Bath
    • 300 Sq Ft
    • Furnished Studio-Indianapolis - Lawrence

    9515 Pendleton Pike, Indianapolis, IN 46236

    Enjoy a fully furnished studio suite in our hotel at an affordable rate with free wi-fi, free utilities and free premium cable. Each studio suite has a full kitchen with full-size refrigerator, stovetop and microwave, and has a flexible workspace and plenty of storage. All our hotels are pet-friendly and have on-site guest laundry available. Plus, there are no long-term commitments and you can

    Furnished Studio-Indianapolis - Lawrence

    9515 Pendleton Pike, Indianapolis, IN 46236
  • /9

    Starting at $725 Per Month

    • Studio

    4985 N Franklin Rd, Indianapolis, IN 46226

    Located in the heart of Lawrence Indiana, this location offers easy access to major roads and interstates. This affordable studio is 2 blocks south of Lawrence Park and is close to several restaurants. and shopping areas. Rent includes all utilities except for cable and internet. Laundry facilities are located on site. Studios are for single occupancy, no pets. Income restriction is $1800 a

    Franklin Studios

    4985 N Franklin Rd, Indianapolis, IN 46226
  • /19

    Starting at $894

    Total Monthly Price

    • Studio - 2 Beds

    7007 Courthouse Dr, Indianapolis, IN 46226

    Welcome home to M Club Apartments in Indianapolis! Our indoor and outdoor swimming pools, lighted tennis courts, jogging paths, sports field and volleyball courts are available for you to enjoy. M Club Apartments feature attractive architecture, beautiful grounds and landscaping, carports and garages. Our warm and spacious apartment homes will satisfy your taste for comfort and convenience. If

    M Club Apartments

    7007 Courthouse Dr, Indianapolis, IN 46226
  • /8

    $665 Per Month

    • Studio
    • 1 Bath
    • 250 Sq Ft
    • Condo for Rent

    4985 N Franklin Rd Unit 1, Indianapolis, IN 46226

    *Now Accepting Housing Assistance*Welcome to 4985 N Franklin Rd, where comfort meets convenience! These efficient 250 sq. ft. studio apartments are perfect for anyone seeking an affordable, low-maintenance living space in a well-connected location.Located just minutes from shopping, dining, and major roadways, this property offers easy access to everything you need while

    4985 N Franklin Rd Unit 1, Indianapolis, IN 46226

Why Live in Lawrence

Lawrence is a suburban community north of Indianapolis that offers a budget-friendly alternative to neighboring suburbs such as Fishers, Carmel, and McCordsville. With a median age around 37 and a high percentage of owner-occupied homes, Lawrence has a strong, established community feel. Lawrence is anchored by a large, diverse school district and is home to the amenities-filled Fort Harrison State Park. Housing ranges from historic homes and midcentury ranches to newer construction, often on larger-than-average lots. Buyers can find everything from single-family neighborhoods to condos, with golf course living available as well. In general, the east side features more modest homes, while the west side tends to have larger residences and more wooded settings. The Metropolitan School District of Lawrence Township is well known for its athletic programs, particularly boys basketball at Lawrence North High School. Students also have access to career and technical training at the McKenzie Center for Innovation & Technology. Fort Harrison State Park, also known as Fort Ben, is a major regional attraction with trails, lakes and a golf course. Shopping and dining cluster along Pendleton Pike, including local institution Heidelberg Haus Café & Bakery.

Frequently Asked Questions

How much does it cost to rent a home in Lawrence, IN?
The median rent for a home in Lawrence, IN is $1,185 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Lawrence, IN?
To comfortably afford the median rent in Lawrence, IN, a household needs to earn roughly $47,400 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,185 per month in Lawrence, IN, renters typically need to show $3,555 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lawrence, IN?
In Lawrence, IN, the price-to-rent ratio is 23.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lawrence, IN are best for renting a home?
The best neighborhood for renting in Lawrence, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Far Eastside, Martindale-Brightwood, Broad Ripple, Nora-Far Northside and Crown Hill, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$1,185
Median Condo Rent
$1,185
How to Rent a Home