5312 Milner Rd
LouisvilleKY40216
Cheap Homes for Rent in Elizabeth, IN from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Elizabeth.
1302 Main St
West PointKY40177
4806 Saddlebrook Ln
LouisvilleKY40216
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.
1603 Gagel Ave
LouisvilleKY40216
5100 Valiant Dr
LouisvilleKY40216
4119 Glen Hill Manor Dr
LouisvilleKY40272
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.
10404 Greentree Ln
LouisvilleKY40272
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Elizabeth, IN Local Guide
Elizabeth by Chris Flook is licensed under CC BY 4.0
How much does it cost to rent a home in Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elizabeth 2 Bedroom Homes for Rent | $1,161 | $949 | $1,349 |
| Elizabeth 3 Bedroom Homes for Rent | $1,573 | $1,195 | $2,300 |
| Elizabeth 4 Bedroom Homes for Rent | $1,844 | $1,399 | $2,380 |
Browse Top Homes for Rent in Elizabeth
Explore Elizabeth
Elizabeth, IN Local Guide
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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. Iroquois Green in the Downtown Louisville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $755. 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 |
| Iroquois Green | 1 Bedroom - Garden Level | 1BR,1BA | $755 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $764 |
Best Value Apartments for Rent in Elizabeth, IN and Nearby
As of May 27, 2026 the best value apartment in the Elizabeth area is the $1.03 price per square foot C1 Model at Riverport Landing Family Apartments in the in the Riverside Gardens neighborhood starting from $1,218. The second greatest value Elizabeth apartment is the 2 Bedroom, 2 Bathroom Model at Hunters Run starting at $1,065 with a $0.92 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Riverport Landing Family Apartments | C1 | 3BR,2BA | $1.03 |
| Hunters Run | 2 Bedroom, 2 Bathroom | 2BR,2BA | $0.92 |
| Finish Line Apartments | The Paddock | 2BR,2BA | $1.06 |
| By the Park | Two bedroom | 2BR,1BA | $0.93 |
| Pennacook Pointe | 2 Bedroom | 2BR,1BA | $1.00 |
| Riverport Landings Senior | 2B1B | 2BR,1BA | $1.02 |
| Newberry Parc | One Bedroom | 1BR,1BA | $1.01 |
| Greenwood Place Apartments | 1+1 | 1BR,1BA | $0.98 |
| The Kensington of Louisville | KYKST 2x1 825sqft - W/D Included | 2BR,1BA | $1.03 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.96 |
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 Article
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
Read ArticleReal 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.
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.
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Explore Elizabeth, IN Rentals by Map
See the most popular apartments and homes in Elizabeth, IN
Frequently Asked Questions about Elizabeth
What type of rentals are currently available in Elizabeth?
There are currently 54 Apartments for Rent in Elizabeth, IN with pricing that ranges from $749 to $1,970. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elizabeth ranging from $550 to $2,380.
What is the current price range for Rental Homes in Elizabeth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elizabeth ranges from $550 to $2,380 with an average monthly rent of $1,234.
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
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.
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.
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.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.