Cheap Apartments for Rent in Elgin, OK from $500 (60 Rentals)

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

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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Lane Stone Apartments
1 to 2 Bedroom Apartments

Lane Stone Apartments

4733 NW Motif Manor BlvdLawton, OK 73505
  • Utilities Included
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Copper Ridge
1 to 2 Bedroom Apartments

Copper Ridge

4751 NW Motif Manor BlvdLawton, OK 73505
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Bella Vista Apartments
1 to 2 Bedroom Apartments

Bella Vista Apartments

1306 NW Irwin AveLawton, OK 73507
  • Utilities Included
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2509 NW 20th St
1 Bedroom Apartments

2509 NW 20th St

2505-2509 NW 20th StLawton, OK 73507
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1410 NW Taylor Ave
1 to 2 Bedroom Apartments

1410 NW Taylor Ave

1410 NW Taylor AveLawton, OK 73507

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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Essa View Apartments
1 to 4 Bedroom Apartments

Essa View Apartments

622 SW Bishop RdLawton, OK 73501
Student Housing
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Copperstone Point
1 to 3 Bedroom Apartments

Copperstone Point

2505 NW 82nd StLawton, OK 73505
  • 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.

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Elgin, OK Local Guide

Cheapest Available Elgin Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elgin, OK is a 1 Bed unit found at Arrow Motel Extended Stay priced from $229. Avalon of Lawton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Elgin apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Arrow Motel Extended StayWeekly Rental1BR,1BA$229
Avalon of Lawton1 bedroom - Floor Plan 21BR,1BA$500
Lawton Courtyard Apartments1x11BR,1BA$525
Camden Apartments and Townhomes1 bedroom, 1 bath small1BR,1BA$535
2509 NW 20th St1BR/1.0BA1BR,1BA$595
Ozmun Apartments1 BEDROOM1BR,1BA$595
Regency Apartments1 Bed1BR,1BA$600
TimbersStudioStudio,1BA$625
Winds of Oak Forest1BR/1BA1BR,1BA$650
Copperstone PointA11BR,1BA$695

Best Value Apartments for Rent in Elgin, OK and Nearby

As of September 11, 2026 the best value apartment in the Elgin area is the $0.94 price per square foot Downstairs 2Bed Model at Pecan Valley Apartments in the starting from $1,095. The second greatest value Elgin apartment is the Two Bedroom One Bathroom Model at Ross Estates starting at $899 with a $0.94 price per square foot . Here is today’s list of the best values for Elgin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Pecan Valley ApartmentsDownstairs 2Bed2BR,2BA$0.94
Ross EstatesTwo Bedroom One Bathroom2BR,1BA$0.94
Fox Valley2+1 Down2BR,1BA$0.94
Avendale Pointe2+1 Down2BR,1BA$0.95
Winds of Oak RidgeTWO BEDS2BR,1BA$1.00
Candlewood ApartmentsCharming 2-Bedroom, 1-Bath Apartment Convenient...2BR,1BA$0.87
Regency Apartments1 Bed1BR,1BA$0.91
Lawton Courtyard Apartments1x11BR,1BA$0.81
Winds of Oak Forest1BR/1BA1BR,1BA$1.02
Avalon of Lawton1 bedroom - Floor Plan 21BR,1BA$0.97

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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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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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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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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Elgin, OK

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

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Frequently Asked Questions about Cheap Elgin Apartments

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

The lowest price for a Cheap One Bedroom Elgin Apartment is $229 at Arrow Motel Extended Stay.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elgin is starting from $250 at Arrow Motel Extended Stay.

What is the most affordable Elgin Three Bedroom Apartment?

The best deal on a cheap Elgin Three Bedroom Apartment rental is at Essa View Apartments and starts from $875.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.