Cheap Apartments for Rent in Elaine, AR from $500 (20 Rentals)

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

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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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 2 Beds unit found at Vantage Point Apartments - Carriage House priced from $650. Delta Village Mobile Home Community has the second lowest priced unit, which is a 3 Beds apartment currently listed from $650. Here is today’s list of the most affordable Elaine apartments for rent:

Apartment ListingModel NameBed/BathPriced From
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
Greenway Apartments1 Beds, 1 Baths1BR,1BA$800

Best Value Apartments for Rent in Elaine, AR and Nearby

As of May 30, 2026 the best value apartment in the Elaine area is the $1.08 price per square foot 3 Bedroom, 2 Bathroom Model at Weatherstone Apartments in the in the McKeller neighborhood starting from $1,599. The second greatest value Elaine apartment is the 3 Bedroom Model at The Trace at 161 starting at $1,495 with a $1.11 price per square foot in the McKeller 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 Apartments3 Bedroom, 2 Bathroom3BR,2BA$1.08
The Trace at 1613 Bedroom3BR,2BA$1.11
The Lexington3 Bed 2 Bath Renovated3BR,2BA$1.26
The Crossings at Tunica3x2 Classic3BR,2BA$1.16
The Crescent at 161Renovated 2 Bedroom 2 Bath2BR,2BA$1.29
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
Greenway Apartments1 Beds, 1 Baths1BR,1BA$1.14

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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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 $650 at Vantage Point Apartments - Carriage House.

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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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.