Cheap Apartments for Rent near Elizabeth, IN from $400 (44 Rentals)

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

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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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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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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Chapman Crossing
2 to 3 Bedroom Apartments

Chapman Crossing

625 Chapman Dr NWCorydon, IN 47112

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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Kendall Arms
1 Bedroom Apartments

Kendall Arms

1830-1833 Kendall LnLouisville, KY 40216
Senior Living
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Hillview Manor
1 to 2 Bedroom Apartments

Hillview Manor

1900 Garrs LnLouisville, KY 40216
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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
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Pennacook Pointe
2 Bedroom Apartments

Pennacook Pointe

2538-2538 Pennacook RdLouisville, KY 40214
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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

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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Showing Results 1-44, 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 3 Beds unit found at Lower Hunters Trace in the South Louisville neighborhood priced from $673. Southwood in the South Louisville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Elizabeth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lower Hunters Trace3 Bedroom3BR,2BA$673
Southwood1 Bed, 1 bath1BR,1BA$749
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$749
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Bridlewood Crossing2 Bedroom2BR,1BA$820
Laurel at the Woodlands1 Bed 1 Bath1BR,1BA$828
Miller Manor Apartments1 Bed1BR,1BA$850
Greenwood Place Apartments1+11BR,1BA$850
The Kensington of LouisvilleKYKST 2x1 825sqft - W/D Included2BR,1BA$850
Newberry ParcOne Bedroom1BR,1BA$874

Best Value Apartments for Rent in Elizabeth, IN and Nearby

As of July 09, 2026 the best value apartment in the Elizabeth area is the $0.92 price per square foot 2 Bedroom, 2 Bathroom Model at Hunters Run in the in the South Louisville neighborhood starting from $1,065. The second greatest value Elizabeth apartment is the B1 Model at Riverport Landing Family Apartments starting at $1,137 with a $1.06 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hunters Run2 Bedroom, 2 Bathroom2BR,2BA$0.92
Riverport Landing Family ApartmentsB12BR,2BA$1.06
Finish Line ApartmentsThe Paddock2BR,2BA$1.07
By the ParkTwo bedroom2BR,1BA$0.93
Newberry ParcOne Bedroom1BR,1BA$1.01
Greenwood Place Apartments1+11BR,1BA$0.98
The Kensington of LouisvilleKYKST 2x1 825sqft - W/D Included2BR,1BA$1.03
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.94
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$1.09
Laurel at the Woodlands1 Bed 1 Bath1BR,1BA$1.10

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 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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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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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 $749 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 $820 at Bridlewood Crossing.

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 $673.

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.

Helpful Local Expert Guides

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

Written by: Mike Heuer

Louisville is a terrific location to get an advanced education at one of its many great colleges and universities.

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Mint Juleps and Mile-Saving Commutes: Finding Quality Louisville Apartments Near Major Employers

Written by: Mike Heuer

Kentucky is a business-friendly commonwealth, and Louisville is its largest city. It also is home to many great employers who pay well, and their workers have lots of great choices in neighborhoods to rent great apartments.

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Bourbon, Baseball, and the Blues: Your Insider's Guide to Louisville, Kentucky

Written by: Mike Heuer

Louisville is one great city in which to visit, live, work, and raise a family. It has excellent and reasonably affordable housing, great neighborhoods, and a whole lot more to offer its residents and visitors alike.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.