Rents are 4% above what Lawrence's 10-year trend predicts — running hotter than its own history.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,660 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: August 17, 2026
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Who lives here
Lawrence, IN is majority owner-occupied, has a large share of families with children, 35.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Lawrence, IN has changed in 5 years
Since 2021, the typical rent in Lawrence, IN has climbed from $1,125 to $1,660, a 47.6% change over five years. Local incomes tracked alongside that move, going from a median of $64,392 in 2021 to $74,022 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.0% since 2021, moving from about 49,048 residents to roughly 49,517. Renters now make up 33.9% of households, compared with 35.6% five years ago. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Lawrence, IN market of 2021.
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Can you afford rent in Lawrence on your salary?
At $1,660/mo, how Lawrence rent compares to typical pay (30% rule).
Lawrence rent by bedroom count
Median rent for each apartment size in Lawrence. Click any size for full breakdown.
Tips for renters in Lawrence
Last updated: August 17, 2026
The median rent in Lawrence is $1,660/mo as of August 2026. A studio apartment averages $1,205/mo while a 2-bedroom runs $1,620/mo. One-bedroom apartments average $1,385/mo and 3-bedroom units go for $2,110/mo.
At 27% of local median household income ($74,022/yr), Lawrence ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.2% over the past year.
Frequently asked questions
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Which Lawrence neighborhoods have the lowest rent?
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What percentage of Lawrence residents rent vs. own?
How does Lawrence rent compare to the national average?
At $1,660/mo, rent takes ~27% of Lawrence's median household income ($74,022/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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