Cheap Apartments for Rent in Elizabeth, LA from $500 (53 Rentals)

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

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.

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Fort Polk
Rent Specials
$800 - $1,225
Total Monthly Price

Total Monthly Price

Base Rent
$800 - $1,225
Total Monthly Price
$800 - $1,225
2 to 4 Bedroom Apartments Available Now

Fort Polk

7059 Magnolia DrFort Polk, LA 71459
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Somerset Apartments
1 to 2 Bedroom Apartments

Somerset Apartments

400 Somerset DrDeridder, LA 70634
  • Utilities Included
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Green Acres Plaza
2 to 3 Bedroom Apartments

Green Acres Plaza

402 Green Briar StDeridder, LA 70634
Corporate Housing
  • Utilities Included

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.

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Chandler
1 to 3 Bedroom Apartments

Chandler

211 Louie StLake Charles, LA 70601

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.

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Rapides Homes
3 to 4 Bedroom Apartments

Rapides Homes

1306 Autumn Orchard LoopAlexandria, LA 71303
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Riverbend
3 to 4 Bedroom Apartments

Riverbend

300 Riverbend DrAlexandria, LA 71302
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Elizabeth, LA Local Guide

Cheapest Available Elizabeth Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elizabeth, LA is a Studio unit found at Chaparral Apartments priced from $604. Tanglewood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Elizabeth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chaparral ApartmentsStudioStudio,1BA$604
Tanglewood Apartments1BR/1.0BA1BR,1BA$675
600 Avenue J1BR1BR,1BA$689
Hermitage Apartments1BR/1.0BA1BR,1BA$700
Magnolia HeightsOne Bedroom1BR,1BA$702
Chandlerchan11C1BR,1BA$745
Green Ridge Apartments2 Bed 1 Bath2BR,1BA$765
Prosper NorthgateNG 2x12BR,1BA$775
Fort Polk2 Bedroom Upstairs2BR,1BA$800
Vineyards at Iowa1 BR Unit1BR,1BA$800

Best Value Apartments for Rent in Elizabeth, LA and Nearby

As of June 12, 2026 the best value apartment in the Elizabeth area is the $0.89 price per square foot Office/Storage Space Model at Muller's Lofts in the in the Downtown Lake Charles neighborhood starting from $1,000. The second greatest value Elizabeth apartment is the 3 Bed 2 Bath Model at Cyrus Homes= Income Restricted starting at $1,043 with a $0.95 price per square foot . 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.
Muller's LoftsOffice/Storage SpaceStudio ,$0.89
Cyrus Homes= Income Restricted3 Bed 2 Bath3BR,2BA$0.95
Walden Apartment Homes2BR/1.0BA2BR,1BA$0.85
Green Ridge Apartments2 Bed 1 Bath2BR,1BA$0.87
Vineyards at Iowa1 BR Unit1BR,1BA$1.03
600 Avenue J1BR1BR,1BA$0.93
Hermitage Apartments1BR/1.0BA1BR,1BA$0.95
Prosper NorthgateNG 2x12BR,1BA$1.07
Peaks of Opelousas - Senior Housing CommunityOne Bedroom1BR,1BA$0.90
Tanglewood Apartments1BR/1.0BA1BR,1BA$1.08

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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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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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elizabeth, LA Rentals by Map

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See the most popular apartments and homes in Elizabeth, LA

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Frequently Asked Questions about Cheap Elizabeth Apartments

What is the Cheapest Studio apartment in Elizabeth?

Currently the most affordable Cheap Studio Apartment in Elizabeth is at Chaparral Apartments listed at $604.

How much is rent for a Cheap One Bedroom Elizabeth Apartment?

The lowest price for a Cheap One Bedroom Elizabeth Apartment is $655 at Chaparral Apartments.

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 $735 at Chaparral Apartments.

What is the most affordable Elizabeth Three Bedroom Apartment?

The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at Vineyards at Iowa and starts from $997.

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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.