Cheap Apartments for Rent in Elberfeld, IN from $500 (25 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Fairmont Apartments
1 to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Elberfeld, IN Local Guide

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 Lincoln-Bellemeade neighborhood priced from $695. Devonshire Gardens I & II in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Elberfeld apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$700
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$800
North ParkMcCallister1BR,1BA$825
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$843

Best Value Apartments for Rent in Elberfeld, IN and Nearby

As of June 15, 2025 the best value apartment in the Elberfeld area is the $1.03 price per square foot 2BR/2.0BA Model at Apartments@41 in the in the Jacobsville neighborhood starting from $1,250. The second greatest value Elberfeld apartment is the Delaware II Model at River Club starting at $1,316 with a $1.31 price per square foot in the Lant Manor neighborhood. Here is today’s list of the best values for Elberfeld apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Apartments@412BR/2.0BA2BR,2BA$1.03
River ClubDelaware II2BR,1BA$1.31
Liv at Locust CreekVienna2BR,2BA$1.24
Woodbridge PlaceThe Pine2BR,1BA$1.20
Bell Pointe ApartmentsOne Bedroom1BR,1BA$1.28
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Westcott Apartments1 Bedroom1BR,1BA$1.22
North ParkMcCallister1BR,1BA$1.10
TERRA TRACEThe Dogwood1BR,1BA$1.33
Park Place Apartments - 55+ CommunityOne Bedroom Unit1BR,1BA$1.27

Quick Rent Budget Calculator

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

Explore Elberfeld, IN Rentals by Map

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See the most popular apartments and homes in Elberfeld, IN

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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

What is the Cheapest Studio apartment in Elberfeld?

Currently the most affordable Cheap Studio Apartment in Elberfeld is at Fielding Court listed at $1,200.

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 Liv at Locust Creek and starts from $1,299.

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.

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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.

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.