Cheap Apartments for Rent in Elizabeth, IN from $400 (23 Rentals)

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

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Chapman Crossing
2 to 3 Bedroom Apartments

Chapman Crossing

625 Chapman Dr NWCorydon, IN 47112
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6500 & 6506 Hackel Dr
2 Bedroom Apartments

6500 & 6506 Hackel Dr

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

3404 Shagbark Rd

3404 Shagbark RdLouisville, KY 40216
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Showing Results 1-23, 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 Broadleaf Arms in the Cloverleaf neighborhood priced from $759. Kendall Arms in the Cloverleaf neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Elizabeth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$759
Kendall Arms1BR/1.0BA1BR,1BA$850
Miller Manor Apartments1 Bed1BR,1BA$850
Hillview ManorOne Bedroom - smaller1BR,1BA$850
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$875

Best Value Apartments for Rent in Elizabeth, IN and Nearby

As of October 27, 2025 the best value apartment in the Elizabeth area is the $1.08 price per square foot 2 Bedroom Townhouse Model at 6121 Upper Hunters Trce in the in the South Louisville neighborhood starting from $1,350. The second greatest value Elizabeth apartment is the 2 Bedroom, 2 Bathroom Model at Hunters Run starting at $1,045 with a $0.90 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.
6121 Upper Hunters Trce2 Bedroom Townhouse2BR,1.5BA$1.08
Hunters Run2 Bedroom, 2 Bathroom2BR,2BA$0.90
The Landing2 Beds, 2 baths2BR,2BA$1.05
Pennacook Pointe2 Bedroom2BR,1BA$1.03
Newberry ParcTwo Bedroom2BR,2BA$1.00
By the ParkTwo bedroom2BR,1BA$0.93
Riverport Landings Senior2B1B2BR,1BA$1.02
Miller Manor Apartments2 Bed2BR,1BA$1.11
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$0.95
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$1.09

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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 $759 at Broadleaf Arms.

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 $859 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 The Madison and starts from $1,200.

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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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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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! 

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

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.