Cheap Apartments for Rent in Elizabeth, IN from $500 (33 Rentals)

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

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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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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
  • Utilities Included
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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 3 Beds unit found at Lower Hunters Trace in the South Louisville neighborhood priced from $752. Southwood in the South Louisville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Elizabeth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lower Hunters Trace3x23BR,2BA$752
Southwood1 Bed, 1 bath1BR,1BA$799
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$814
Bayshore TownhomesThe Luna - Cozy One Bedroom Townhome1BR,1BA$825
Kendall Arms1BR/1.0BA1BR,1BA$850
Miller Manor Apartments1 Bed1BR,1BA$850
Hillview ManorOne Bedroom - smaller1BR,1BA$850
The Rockford Arms Apartment CommunityOne-bedroom1BR,1BA$875
The San Jose Court Apartment CommunityOne-bedroom1BR,1BA$875
Newberry ParcOne Bedroom1BR,1BA$885

Best Value Apartments for Rent in Elizabeth, IN and Nearby

As of July 26, 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 Beds, 2 baths Model at The Landing starting at $1,129 with a $1.03 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
The Landing2 Beds, 2 baths2BR,2BA$1.03
Cane Run StationTwo Bed One Bath February Special $100 Month2BR,1BA$1.12
Newberry ParcTwo Bedroom2BR,2BA$1.05
By the ParkTwo bedroom2BR,1BA$0.93
Riverport Landings Senior2B1B2BR,1BA$1.02
Miller Manor Apartments2 Bed2BR,1BA$1.11
3104-3112 Springfield Dr2 Bedroom2BR,1BA$1.11
Broadleaf ArmsOne Bedroom One Bathroom1BR,1BA$1.02
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 $799 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 $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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

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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.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

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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.