
Cheap Apartments for Rent in Elizabeth, IN from $400 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Elizabeth.


Iroquois Green

Broadleaf Arms

The Chalet Village Apartment Community

Bayshore Townhomes

Miller Manor Apartments
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.

Renaissance St. Andrews

The Rockford Arms Apartment Community

The San Jose Court Apartment Community

Riverport Landing Family Apartments

The Edwin

The Madison
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.

The Flintlock Arms Apartment Community

4913 Saddlebrook Ln

10404 Greentree Ln
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.
Elizabeth, IN Local Guide

How much does it cost to rent an apartment in Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elizabeth 1 Bedroom Apartments | $984 | $749 | $1,642 |
| Elizabeth 2 Bedroom Apartments | $1,189 | $859 | $1,753 |
| Elizabeth 3 Bedroom Apartments | $1,480 | $1,049 | $1,895 |
Browse Top Apartments in Elizabeth
See all Apartments in ElizabethExplore Elizabeth
Elizabeth, IN Local Guide
- Nearby Cities
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- School Districts
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 $759. Here is today’s list of the most affordable Elizabeth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southwood | 1 Bed, 1 bath | 1BR,1BA | $749 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $759 |
| Kendall Arms | 1BR/1.0BA | 1BR,1BA | $850 |
| Miller Manor Apartments | 1 Bed | 1BR,1BA | $850 |
| Renaissance St. Andrews | 1x1 | 1BR,1BA | $850 |
Best Value Apartments for Rent in Elizabeth, IN and Nearby
As of December 11, 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 Two Bed Two Bath Model at Cane Run Station starting at $1,199 with a $1.08 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 6121 Upper Hunters Trce | 2 Bedroom Townhouse | 2BR,1.5BA | $1.08 |
| Cane Run Station | Two Bed Two Bath | 2BR,2BA | $1.08 |
| The Landing | 2 Beds, 2 baths | 2BR,2BA | $1.05 |
| By the Park | Two bedroom | 2BR,1BA | $0.93 |
| Riverport Landings Senior | 2B1B | 2BR,1BA | $1.02 |
| Miller Manor Apartments | 2 Bed | 2BR,1BA | $1.11 |
| Newberry Parc | One Bedroom | 1BR,1BA | $1.05 |
| Paddocks at Ridge Park | 2.1 | 2BR,1BA | $1.12 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.95 |
| The San Jose Court Apartment Community | One-bedroom | 1BR,1BA | $1.09 |
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.
Read ArticleThe 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.
Read ArticleThe 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
Read ArticleQuick Rent Budget Calculator
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elizabeth, IN Rentals by Map
See the most popular apartments and homes in Elizabeth, IN
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 $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 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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!






