Cheap Apartments for Rent near Elberfeld, IN from $500 (46 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article
close
View Me
Shannon Glenn
Studio to 3 Bedroom Apartments

Shannon Glenn

280 Shamrock CtEvansville, IN 47715
  • Utilities Included
close
View Me
Fairmont Apartments
Studio to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
  • Utilities Included
close
View Me
SPRING VALLEY FLATS
1 to 2 Bedroom Apartments

SPRING VALLEY FLATS

4400 Spring Valley RdEvansville, IN 47710
close
View Me
1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
close
View Me
Princeton Court
Studio to 2 Bedroom Apartments

Princeton Court

103 Princeton CtEvansville, IN 47715
close
View Me
Eastland Apartments
1 to 2 Bedroom Apartments

Eastland Apartments

5308 Eden DrEvansville, IN 47715
  • Utilities Included

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.

Read Article
close
View Me
Naveen Pine Townhomes
1 to 4 Bedroom Apartments

Naveen Pine Townhomes

1210 Vista CtEvansville, IN 47710
  • Utilities Included

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.

Read Article
Showing Results 1-46, Page 1 of 1

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 Oakhill neighborhood priced from $599. Valoré at Hidden Hills in the Outer Central North neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Elberfeld apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$675
Shannon GlennMcConnell2BR,1BA$710
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$725
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$785
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$798
The Forge on MainStudioStudio,1BA$845
Woodbridge Place Apartments1x1-R-7001BR,1BA$849
Pavilion Lakes ApartmentsThe Michigan1BR,1BA$850
River ClubColumbia1BR,1BA$899

Best Value Apartments for Rent in Elberfeld, IN and Nearby

As of July 21, 2026 the best value apartment in the Elberfeld area is the $1.25 price per square foot Ohio Model at River Club in the in the Lant Manor neighborhood starting from $1,931. The second greatest value Elberfeld apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,600 with a $1.15 price per square foot in the Business 41 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.
River ClubOhio2BR,2.5BA$1.25
Apartments@413BR/2.0BA3BR,2BA$1.15
The Westcott3 Bed, 2 Bath3BR,2BA$1.15
Warrick Trail ApartmentsHadley2BR,2BA$1.11
North ParkKensington2BR,1.5BA$1.08
Baldwin Heights3 Bedroom3BR,2BA$1.16
Kimber Green ApartmentsThe Willow Townhome2BR,1.5BA$1.10
Terra Trace Apartments2x1.5-Q-9362BR,1.5BA$1.23
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Deluxe2BR,1BA$1.22
Valoré at Hidden HillsThe Pine - One Bedroom Apartment Home1BR,1BA$1.25

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

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

Explore Elberfeld, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Elberfeld, IN

View Map
Elberfeld, IN Apartments Map
View Map
Elberfeld, IN Rental Homes Map

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 The Forge on Main listed at $845.

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

The lowest price for a Cheap One Bedroom Elberfeld Apartment is $599 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 $710 at Shannon Glenn.

What is the most affordable Elberfeld Three Bedroom Apartment?

The best deal on a cheap Elberfeld Three Bedroom Apartment rental is at Baldwin Heights and starts from $1,280.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.