
Cheap Apartments for Rent in Elizabeth, IL from $300 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Elizabeth.


Roosevelt School Apartments

Northland Park Apartments

933 White St
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.

Pine View

Washington Senior Apartments

Prairie View Apartments

Penn Place Apartments

Kiwanis Manor Apartments
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.

26 S Galena Ave

309 W High St

247 W 11th St

813 Lincoln Ave

757 W 3rd St
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.

1941 Madison St
Elizabeth, IL Local Guide

How much does it cost to rent an apartment in Elizabeth?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elizabeth Studio Apartments | $808 | $525 | $1,110 |
Elizabeth 1 Bedroom Apartments | $1,002 | $570 | $1,425 |
Elizabeth 2 Bedroom Apartments | $1,135 | $650 | $2,100 |
Elizabeth 3 Bedroom Apartments | $1,263 | $625 | $1,850 |
Elizabeth 4 Bedroom Apartments | $1,621 | $1,495 | $2,000 |
Browse Top Apartments in Elizabeth
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Elizabeth, IL Local Guide
- Nearby Cities
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Cheapest Available Elizabeth Apartments for Rent and Nearby
 The cheapest available apartment rental in Elizabeth, IL is a Studio unit found at Riverside Apartments and Townhomes priced from $525. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $570. Here is today’s list of the most affordable Elizabeth apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Riverside Apartments and Townhomes | Studio | Studio,1BA | $525 |
Roosevelt School Apartments | 1 bedroom | 1BR,1BA | $570 |
Northland Park Apartments | Studio | Studio,1BA | $625 |
College Suites Peosta | 3 Bedroom Apartment NOW Available - Price Per B... | 3BR,2BA | $625 |
Greenfield | 96-a | 2BR,1BA | $650 |
Best Value Apartments for Rent in Elizabeth, IL and Nearby
As of June 19, 2025 the best value apartment in the Elizabeth area is the $0.71 price per square foot 1378-a Model at Winmar Townhomes in the starting from $750. The second greatest value Elizabeth apartment is the 2 bedroom Model at Roosevelt School Apartments starting at $1,000 with a $1.00 price per square foot . Here is today’s list of the best values for Elizabeth apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Winmar Townhomes | 1378-a | 3BR,2BA | $0.71 |
Roosevelt School Apartments | 2 bedroom | 2BR,1.5BA | $1.00 |
Newman Heights | 4-Bedroom | 4BR,2BA | $0.56 |
Super 20 Mobile Home Park | 3 Bed 1 Bath | 3BR,1BA | $0.96 |
Cottage Bluff Apartments | 2-Bedroom | 2BR,1BA | $1.02 |
73 Manor Dr | 2 Bedroom | 2BR,1BA | $0.92 |
Penn Place Apartments | 2 Bedroom/2 Bath | 2BR,1.5BA | $1.05 |
Greenfield | 39-a | 3BR,1BA | $0.84 |
Westwinds | 2BD 1BA | 2BR,1BA | $0.86 |
Kiwanis Manor Apartments | 3001 - updated | 2BR,1BA | $1.00 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elizabeth, IL Rentals by Map
See the most popular apartments and homes in Elizabeth, IL
Getting Around Elizabeth, IL
Walk Score®
22 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
15 / 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 Elizabeth Apartments
What is the Cheapest Studio apartment in Elizabeth?
Currently the most affordable Cheap Studio Apartment in Elizabeth is at Riverside Apartments and Townhomes listed at $525.
How much is rent for a Cheap One Bedroom Elizabeth Apartment?
The lowest price for a Cheap One Bedroom Elizabeth Apartment is $570 at Roosevelt School Apartments.
What is the lowest price for a Cheap Two Bedroom Elizabeth Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elizabeth is starting from $650 at Greenfield.
What is the most affordable Elizabeth Three Bedroom Apartment?
The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at College Suites Peosta and starts from $625.
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.

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.

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.

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.