Cheap Apartments for Rent in Elizabeth, IL from $300 (14 Rentals)

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

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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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Tallgrass Townhomes
1 to 3 Bedroom Apartments

Tallgrass Townhomes

1311 7th StDe Witt, IA 52742
  • Utilities Included

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Elizabeth, IL Local Guide

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. Oak Creek Woods Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $530. Here is today’s list of the most affordable Elizabeth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverside Apartments and TownhomesStudioStudio,1BA$525
Oak Creek Woods ApartmentsStudio, 1 bathStudio,1BA$530
Northland Park ApartmentsStudioStudio,1BA$625
College Suites Peosta3 Bedroom Apartment NOW Available - Price Per B...3BR,2BA$625
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669

Best Value Apartments for Rent in Elizabeth, IL and Nearby

As of December 08, 2025 the best value apartment in the Elizabeth area is the $0.74 price per square foot 3 Bed 2 Bath Model at Super 20 Mobile Home Park in the starting from $945. The second greatest value Elizabeth apartment is the Two Bedroom (A2) Model at Arrow Ridge starting at $1,395 with a $1.16 price per square foot . Here is today’s list of the best values for Elizabeth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Super 20 Mobile Home Park3 Bed 2 Bath3BR,2BA$0.74
Arrow RidgeTwo Bedroom (A2)2BR,1BA$1.16
Westgate Residence TownhomesTownhouse I2BR,1.5BA$1.18
Radford Place ApartmentsSecond/Third Floor Unit2BR,2BA$1.23
The Landing of Clinton2 Bedroom 1 Bath2BR,1BA$1.23
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.02
73 Manor Dr2 Bedroom2BR,1BA$0.92
Penn Place Apartments1 Bedroom1BR,1BA$1.14
Prestwick Senior LivingOne Bedroom1BR,1BA$1.22
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$1.12

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

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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

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 $625 at Oak Creek Woods 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 $775 at Riverside Apartments and Townhomes.

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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.