Cheap Apartments for Rent near Elizabeth, IN from $420 (68 Rentals)

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

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

There's more to Louisville than the Kentucky Derby. Get a local insider's take on the best bourbon tours, dining, music venues, horse racing, and cultural experiences the city has to offer.

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Stop driving and start living! We highlight the best Louisville neighborhoods—from Beechmont to Audubon Park—with great rentals near top job providers.

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Newtown Woods
$1,248 - $1,837
Total Monthly Price

Total Monthly Price

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$1,248 - $1,837
Total Monthly Price
$1,248 - $1,837
1 to 3 Bedroom Apartments Available Now

Newtown Woods

10605 Newtown Woods TrlFairdale, KY 40118
Corporate Housing
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Louisville's Best Affordable Neighborhoods

Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

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Hillview Manor
1 to 2 Bedroom Apartments

Hillview Manor

1900 Garrs LnLouisville, KY 40216
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Kendall Arms
1 Bedroom Apartments

Kendall Arms

1830-1833 Kendall LnLouisville, KY 40216
Senior Living
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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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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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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 $749. Broadleaf Arms in the Cloverleaf 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
Southwood1 Bed, 1 bath1BR,1BA$749
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$749
Iroquois Green1 Bedroom - Garden Level1BR,1BA$755
Parkwood PlaceAmazing 1 Baths | 830 Square Ft. studio ready f...Studio,1BA$819
Laurel at the Woodlands1 Bed 1 Bath1BR,1BA$828
Miller Manor Apartments1 Bed1BR,1BA$850
3108 Springfield Dr2 Bedroom2BR,1BA$875
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$875
The Rockford Arms Apartment CommunityOne-bedroom1BR,1BA$875
Paddocks at Ridge Park2.12BR,1BA$900

Best Value Apartments for Rent in Elizabeth, IN and Nearby

As of August 23, 2026 the best value apartment in the Elizabeth area is the $0.97 price per square foot 3BR2BA-ADA Model at The Foundry in the in the South Louisville neighborhood starting from $1,184. The second greatest value Elizabeth apartment is the 3.2 Model at Whispering Woods I starting at $1,015 with a $0.94 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.
The Foundry3BR2BA-ADA3BR,2BA$0.97
Whispering Woods I3.23BR,2BA$0.94
Cane Run StationTwo Bed One Bath2BR,1BA$1.11
3108 Springfield Dr2 Bedroom2BR,1BA$0.88
By the ParkTwo bedroom2BR,1BA$0.93
Miller Manor Apartments2 Bed2BR,1BA$1.11
Paddocks at Ridge Park2.12BR,1BA$1.06
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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Explore Elizabeth, IN Rentals by Map

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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 $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 Whispering Woods I and starts from $1,015.

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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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.

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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.

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

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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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.

Articles, How-To's, and Tips

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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

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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.