Cheap Apartments for Rent in Elizabeth, IN from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Elizabeth.

The Chalet Village Apartment Community

Lower Hunters Trace

Broadleaf Arms

Southwood
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.

Riverport Landing Family Apartments

Bayshore Townhomes

Newberry Parc

Richardson 52 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.

5312 Milner Rd

12615 E Orell Rd

10404 Greentree Ln

The San Jose Court Apartment Community

12513 E Orell Rd
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.
Elizabeth, IN Local Guide

How much does it cost to rent an apartment in Elizabeth?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elizabeth Studio Apartments | $800 | $800 | $800 |
Elizabeth 1 Bedroom Apartments | $1,047 | $735 | $1,872 |
Elizabeth 2 Bedroom Apartments | $1,261 | $859 | $1,812 |
Elizabeth 3 Bedroom Apartments | $1,630 | $1,099 | $2,583 |
Browse Top Apartments in Elizabeth
See all Apartments in ElizabethExplore Elizabeth
Elizabeth, IN Local Guide
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Cheapest Available Elizabeth Apartments for Rent and Nearby
 The cheapest available apartment rental in Elizabeth, IN is a 1 Bed unit found at Iroquois Green in the Downtown Louisville neighborhood priced from $735. Lower Hunters Trace in the South Louisville neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $752. Here is today’s list of the most affordable Elizabeth apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Iroquois Green | 1 Bedroom - With Balcony | 1BR,1BA | $735 |
Lower Hunters Trace | 3x2 | 3BR,2BA | $752 |
Southwood | 1 Bed, 1 bath | 1BR,1BA | $799 |
Manslick Studios | 0BR/1.0BA | Studio,1BA | $800 |
Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $814 |
Best Value Apartments for Rent in Elizabeth, IN and Nearby
As of June 08, 2025 the best value apartment in the Elizabeth area is the $1.03 price per square foot 2 Beds, 2 baths Model at The Landing in the in the South Louisville neighborhood starting from $1,129. The second greatest value Elizabeth apartment is the Two Bed One Bath February Special $100 Month Model at Cane Run Station starting at $1,160 with a $1.12 price per square foot in the Riverside Gardens neighborhood. 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. |
---|---|---|---|
The Landing | 2 Beds, 2 baths | 2BR,2BA | $1.03 |
Cane Run Station | Two Bed One Bath February Special $100 Month | 2BR,1BA | $1.12 |
Newberry Parc | Two Bedroom | 2BR,2BA | $1.00 |
By the Park | Two bedroom | 2BR,1BA | $0.93 |
Riverport Landings Senior | 2B1B | 2BR,1BA | $1.02 |
Miller Manor Apartments | 2 Bed | 2BR,1BA | $1.11 |
3104-3112 Springfield Dr | 2 Bedroom | 2BR,1BA | $1.11 |
Riverport Landing Family Apartments | A1-60 | 1BR,1BA | $1.18 |
Paddocks at Ridge Park | 2.1 | 2BR,1BA | $1.12 |
Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $1.02 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elizabeth, IN Rentals by Map
See the most popular apartments and homes in Elizabeth, IN
Getting Around Elizabeth, IN
Walk Score®
3 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
10 / 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
How much is rent for a Cheap One Bedroom Elizabeth Apartment?
The lowest price for a Cheap One Bedroom Elizabeth Apartment is $735 at Iroquois Green.
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 $919 at Southwood.
What is the most affordable Elizabeth Three Bedroom Apartment?
The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at Lower Hunters Trace and starts from $752.
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.

The 10 Best Affordable Neighborhoods for Renting in Louisville, KY
Written by: Mike Heuer
Louisville, Kentucky, founded in 1778, has grown to be the largest city in Kentucky and is a terrific city situated right along the south bank of the Ohio River.

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.