Cheap Apartments for Rent near Elaine, AR from $550 (28 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elaine.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Chapel Place Homes
3 to 4 Bedroom Apartments

Chapel Place Homes

5228 Whistling Duck DrMemphis, TN 38109

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Elaine, AR Local Guide

Cheapest Available Elaine Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elaine, AR is a 1 Bed unit found at Country Club priced from $600. Vantage Point Apartments - Carriage House has the second lowest priced unit, which is a 2 Beds apartment currently listed from $650. Here is today’s list of the most affordable Elaine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Country Club1x1Country Club1BR,1BA$600
Vantage Point Apartments - Carriage HousePark View2BR,2BA$650
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$650
Farmview Estates2X12BR,1BA$700
Sunset Village Apartments1 Bed, 1 bath1BR,1BA$710
The Lexington1 Bed 1 Bath Classic1BR,1BA$970
The Crossings at Tunica1x1 Classic1BR,1BA$979
Indigo at 61Renovated 1 Bedroom 1 Bath2BR,2BA$999
Greenway Apartments2 Beds, 2 Baths2BR,2BA$1,000
Lakeside Vintage2 Bedroom 2 Bath2BR,2BA$1,025

Best Value Apartments for Rent in Elaine, AR and Nearby

As of August 29, 2026 the best value apartment in the Elaine area is the $1.11 price per square foot 2 Bedroom, 2 Bathroom Model at Weatherstone Apartments in the in the DeSoto County neighborhood starting from $1,310. The second greatest value Elaine apartment is the 2 Bedroom Model at The Trace at 161 starting at $1,245 with a $1.08 price per square foot in the DeSoto County neighborhood. Here is today’s list of the best values for Elaine apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Weatherstone Apartments2 Bedroom, 2 Bathroom2BR,2BA$1.11
The Trace at 1612 Bedroom2BR,2BA$1.08
The MarkTwo Bedroom Two Bath Upgrade2BR,2BA$1.17
The Crescent at 1612 Bedroom 2 Bath2BR,2BA$1.24
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$0.68
Chapel Ridge Apartments2x2 Platinum2BR,2BA$1.13
Farmview Estates2X12BR,1BA$0.78
Vantage Point Apartments - Carriage HouseVantage Point2BR,2BA$1.00
Indigo at 61Renovated 1 Bedroom 1 Bath1BR,1BA$1.24
Country Club1x1Country Club1BR,1BA$0.88

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Elaine Apartments

How much is rent for a Cheap One Bedroom Elaine Apartment?

The lowest price for a Cheap One Bedroom Elaine Apartment is $600 at Country Club.

What is the lowest price for a Cheap Two Bedroom Elaine Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elaine is starting from $650 at Vantage Point Apartments - Carriage House.

What is the most affordable Elaine Three Bedroom Apartment?

The best deal on a cheap Elaine Three Bedroom Apartment rental is at Delta Village Mobile Home Community and starts from $650.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.