Cheap Apartments for Rent in Elizabeth, IN from $500 (26 Rentals)

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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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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.

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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.

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Hillview Manor
1 to 2 Bedroom Apartments

Hillview Manor

1900 Garrs LnLouisville, KY 40216
  • Utilities Included
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6500 & 6506 Hackel Dr
2 Bedroom Apartments

6500 & 6506 Hackel Dr

6506 Hackel DrLouisville, KY 40258
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3404 Shagbark Rd
2 Bedroom Apartments

3404 Shagbark Rd

3404 Shagbark RdLouisville, KY 40216
  • Utilities Included

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.

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Richardson 52 Apartments
1 to 2 Bedroom Apartments

Richardson 52 Apartments

3508 Fern Lea RdLouisville, KY 40216
Senior Living
  • Utilities Included
Showing Results 1-26, Page 1 of 1

Elizabeth, IN Local Guide

Cheapest Available Elizabeth Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elizabeth, IN is a 1 Bed unit found at Southwood in the South Louisville neighborhood priced from $699. Broadleaf Arms in the Cloverleaf neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here is today’s list of the most affordable Elizabeth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Southwood1 Bed, 1 bath1BR,1BA$699
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$699
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Miller Manor ApartmentsNew Years 1 Bedroom1BR,1BA$815
Kendall Arms1BR/1.0BA1BR,1BA$850
Grandview Apartments1 Bedroom1BR,1BA$850
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$875
Savannah Square & Terrace Apartments1/11BR,1BA$895
The Kensington of LouisvillePremium Two Bedroom Apartment Home with Washer/...2BR,1BA$899
The MadisonOne Bedroom1BR,1BA$900

Best Value Apartments for Rent in Elizabeth, IN and Nearby

As of January 26, 2026 the best value apartment in the Elizabeth area is the $1.08 price per square foot Two Bed Two Bath Model at Cane Run Station in the in the Riverside Gardens neighborhood starting from $1,199. The second greatest value Elizabeth apartment is the 3.2 Model at Woods Of Glen Hill Manor starting at $1,150 with a $1.09 price per square foot in the South Louisville neighborhood. 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.
Cane Run StationTwo Bed Two Bath2BR,2BA$1.08
Woods Of Glen Hill Manor3.23BR,2BA$1.09
By the ParkTwo bedroom2BR,1BA$0.93
Newberry ParcTwo Bedroom2BR,2BA$0.92
Pennacook Pointe2 Bedroom2BR,1BA$1.03
Riverport Landings Senior2B1B2BR,1BA$1.02
Miller Manor Apartments2 Bed2BR,1BA$1.11
The Kensington of LouisvillePremium Two Bedroom Apartment Home with Washer/...2BR,1BA$1.09
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$1.09
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.87

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Official Expert's Guide to the Top Neighborhoods in Louisville for College Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Louisville, KY | Find Louisville Off-Campus Student Housing at ApartmentHomeLiving.com

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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.

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

Explore Elizabeth, IN Rentals by Map

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See the most popular apartments and homes in Elizabeth, IN

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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 $699 at Southwood.

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 $809 at Broadleaf Arms.

What is the most affordable Elizabeth Three Bedroom Apartment?

The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at Southwood and starts from $1,049.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.