How much does it cost to rent in Lawrence, IN?

As of July 2026, the median monthly rent in Lawrence, IN is $1,615. This figure is based on aggregated data from public sources and community-submitted rents.

Is Lawrence cheaper than other Indiana cities?

Lawrence is one of the pricier cities in Indiana, ranking #22 out of 65 cities tracked at $1,615/mo.

When was Lawrence rent data last updated?

Lawrence rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IN

Lawrence

Name: Average Rent Prices in Lawrence, IN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 49,517·22nd most expensive in Indiana·Rental market data updated monthly for Lawrence, IN

Median rent (all units)

$1,615/mo

Year-over-Year

+4.9%

Month-over-Month

+3.5%

vs US Median

-$350

Rising (Monthly)

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Most AffordableMost Expensive

Lawrence · $1,615

More affordable than 68% of US cities · National median $1,965/mo

Rent Reality Score

47/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Lawrence's 10-year trend predicts.

Actual rent

$1,615/mo

Expected by trend

$1,592/mo

The Rent Reality Score compares today's median rent to where Lawrence's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,205

1 BR

$1,385

2 BR

$1,620

3 BR

$2,110

4 BR+

$2,560

Research median

$1,620/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$19,380/yr

At $1,615/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 4.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+4.9% YoY, +3.5% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

49,517

Median income

$74,022

Median age

34.3

Renters

33.9%

Age distribution

26.6%

24%

25.6%

12.4%

Under 1826.6%

18–3424%

35–5425.6%

55–6411.3%

65+12.4%

Gender

47.6%

52.4%

Male47.6%

Female52.4%

Race & ethnicity

49.1%

28.6%

18%

White49.1%

Black28.6%

Hispanic18%

Asian2%

Other2.4%

Education (25+)

26.2%

27.3%

35.6%

No HS diploma10.9%

HS diploma26.2%

Some college27.3%

Bachelor's+35.6%

Housing tenure

66.1%

33.9%

Owner66.1%

Renter33.9%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Lawrence, IN has changed in 5 years

Rent

$1,125 → $1,615

up 43.6%

Income

$64,392 → $74,022

up 15.0%

Population

49,048 → 49,517

up 1.0%

Renter share

35.6% → 33.9%

-1.7 pts

Bachelor's+

34.1% → 35.6%

+1.5 pts

Since 2021, the typical rent in Lawrence, IN has climbed from $1,125 to $1,615, a 43.6% 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.

Community

Discussions about Lawrence

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View Lawrence rent history (2015–2026) →

Salary vs rent

Can you afford rent in Lawrence on your salary?

At $1,615/mo, how Lawrence rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 22.3% income

affordable

Elementary School Teacher

Avg $61,714/yr · Rent = 31.4% income

stretched

Police Officer

Avg $71,088/yr · Rent = 27.3% income

affordable

Software Developer

Avg $127,061/yr · Rent = 15.3% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 11.9% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 33.5% income

stretched

Truck Driver

Avg $52,173/yr · Rent = 37.1% income

stretched

Electrician

Avg $64,308/yr · Rent = 30.1% income

stretched

By apartment size

Lawrence rent by bedroom count

Median rent for each apartment size in Lawrence. Click any size for full breakdown.

Local insights

Tips for renters in Lawrence

About renting in Lawrence, IN

Last updated: July 20, 2026

The median rent in Lawrence is $1,615/mo as of July 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 26% of local median household income ($74,022/yr), Lawrence ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.9% over the past year.

FAQ

Frequently asked questions

Is Lawrence an affordable city for renters?

Lawrence is considered affordable for renters. At $1,615/mo, rent takes approximately 26% of the local median household income ($74,022/yr). The standard benchmark is 30%. Lawrence falls comfortably within that range.

How much income do you need to rent in Lawrence?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,615/mo in Lawrence. The local median household income is $74,022/yr, meaning the typical Lawrence household meets that threshold.

Is rent going up or down in Lawrence?

Rent in Lawrence has increased 4.9% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Lawrence neighborhoods have the lowest rent?

The most affordable ZIP codes in Lawrence are 46216 ($1,541/mo), and 46236 ($1,809/mo). Citywide, the median rent in Lawrence is $1,615/mo.

How does Lawrence rent compare to other cities in Indiana?

Lawrence is one of the pricier cities in Indiana for rent, ranking #22 out of 65 tracked cities at $1,615/mo.

Which nearby cities are cheaper to rent in than Lawrence?

Fortville is nearby and more affordable at $1,554/mo, which is $61 less than Lawrence.

What percentage of Lawrence residents rent vs. own?

According to Census data, approximately 33.9% of Lawrence households are renters, while 66.1% are owner-occupied. Lawrence leans toward homeownership, which can mean a smaller rental inventory.

How does Lawrence rent compare to the national average?

Lawrence's median rent of $1,615/mo is $350 (18%) below the US national median of $1,965/mo. Within Indiana, it ranks #22 out of 65 tracked cities.

Income Affordability

26%

AFFORDABLE

At $1,615/mo, rent takes ~26% of Lawrence's median household income ($74,022/yr). The standard benchmark is 30%.

Lawrence 26%Benchmark 30%

State income tax3.05%

Run the Lawrence affordability calculator →

Nearby cities