
Cheap Apartments for Rent in Elberfeld, IN from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Elberfeld.


SPRING VALLEY FLATS

Devonshire Gardens I & II

Naveen Pine Townhomes
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Woodbridge Place

Park Place Apartments - 55+ Community

The Forge on Main

North Park

The Timbers Apartments
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Bryce De Moray

Sugar Mill Creek

821 Stanley Ave
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1112 Perkins Dr
Elberfeld, IN Local Guide

How much does it cost to rent an apartment in Elberfeld?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elberfeld Studio Apartments | $1,203 | $600 | $1,500 |
Elberfeld 1 Bedroom Apartments | $1,061 | $615 | $1,750 |
Elberfeld 2 Bedroom Apartments | $1,376 | $819 | $4,399 |
Elberfeld 3 Bedroom Apartments | $1,660 | $1,150 | $2,160 |
Elberfeld 4 Bedroom Apartments | $1,522 | $1,395 | $1,799 |
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Elberfeld, IN Local Guide
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Cheapest Available Elberfeld Apartments for Rent and Nearby
 The cheapest available apartment rental in Elberfeld, IN is a 1 Bed unit found at SPRING VALLEY FLATS in the Oakhill neighborhood priced from $695. Park Place Apartments - 55+ Community has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Elberfeld apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
SPRING VALLEY FLATS | The Redbud | 1BR,1BA | $695 |
Park Place Apartments - 55+ Community | One Bedroom Unit | 1BR,1BA | $800 |
Devonshire Gardens I & II | II 1 Bed 1 Bath C | 1BR,1BA | $800 |
Meadowood | One Bedroom Reno | 1BR,1BA | $900 |
River Club | Columbia | 1BR,1BA | $914 |
Best Value Apartments for Rent in Elberfeld, IN and Nearby
As of August 02, 2025 the best value apartment in the Elberfeld area is the $1.15 price per square foot 2BR/2.0BA Model at Apartments@41 in the in the Business 41 neighborhood starting from $1,400. The second greatest value Elberfeld apartment is the Spacious 4 Bedroom Townhome Model at Naveen Pine Townhomes starting at $1,395 with a $1.31 price per square foot in the Hilltop neighborhood. Here is today’s list of the best values for Elberfeld apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Apartments@41 | 2BR/2.0BA | 2BR,2BA | $1.15 |
Naveen Pine Townhomes | Spacious 4 Bedroom Townhome | 4BR,1.5BA | $1.31 |
River Club | Delaware II | 2BR,1BA | $1.31 |
North Park | Berkshire | 2BR,1.5BA | $1.12 |
Bell Pointe Apartments | One Bedroom | 1BR,1BA | $1.28 |
Naveen Pine Apartments | Cozy Two Bedroom Apartment Home | 2BR,1BA | $1.12 |
Westcott Apartments | 1 Bedroom | 1BR,1BA | $1.22 |
Pavilion Lakes Apartments | The Michigan | 1BR,1BA | $1.31 |
Devonshire Gardens I & II | II 1 Bed 1 Bath B | 1BR,1BA | $1.28 |
Park Place Apartments - 55+ Community | One Bedroom Unit | 1BR,1BA | $1.27 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Getting Around Elberfeld, IN
Walk Score®
5 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
23 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elberfeld Apartments
How much is rent for a Cheap One Bedroom Elberfeld Apartment?
The lowest price for a Cheap One Bedroom Elberfeld Apartment is $695 at SPRING VALLEY FLATS.
What is the lowest price for a Cheap Two Bedroom Elberfeld Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elberfeld is starting from $925 at Naveen Pine Apartments.
What is the most affordable Elberfeld Three Bedroom Apartment?
The best deal on a cheap Elberfeld Three Bedroom Apartment rental is at Westcott Apartments and starts from $1,350.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.