
Cheap Homes for Rent in Elizabeth, IN from $800 (3 Rentals)
Search the lowest-cost Homes available for rent right now in Elizabeth.
Elizabeth, IN Local Guide

How much does it cost to rent a home in Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elizabeth 2 Bedroom Homes for Rent | $1,224 | $1,003 | $1,445 |
| Elizabeth 3 Bedroom Homes for Rent | $1,606 | $1,195 | $1,995 |
| Elizabeth 4 Bedroom Homes for Rent | $1,754 | $1,640 | $1,850 |
Browse Top Homes for Rent in Elizabeth
Explore Elizabeth
Elizabeth, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Elizabeth, IN and Nearby
As of November 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 2 Beds, 2 baths Model at The Landing starting at $1,159 with a $1.05 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. |
|---|---|---|---|
| 6121 Upper Hunters Trce | 2 Bedroom Townhouse | 2BR,1.5BA | $1.08 |
| The Landing | 2 Beds, 2 baths | 2BR,2BA | $1.05 |
| Newberry Parc | Two Bedroom | 2BR,2BA | $1.00 |
| By the Park | Two bedroom | 2BR,1BA | $0.93 |
| Pennacook Pointe | 2 Bedroom | 2BR,1BA | $1.03 |
| Riverport Landings Senior | 2B1B | 2BR,1BA | $1.02 |
| Miller Manor Apartments | 2 Bed | 2BR,1BA | $1.11 |
| Paddocks at Ridge Park | 2.1 | 2BR,1BA | $1.12 |
| The San Jose Court Apartment Community | One-bedroom | 1BR,1BA | $1.09 |
| Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.95 |
Quick 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
Frequently Asked Questions about Elizabeth
What type of rentals are currently available in Elizabeth?
There are currently 48 Apartments for Rent in Elizabeth, IN with pricing that ranges from $749 to $2,393. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elizabeth ranging from $849 to $1,995.
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 $849 to $1,995 with an average monthly rent of $1,358.
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.

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.

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!

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.

