Cheap Homes for Rent in Elizabeth, LA from $500 (17 Rentals)

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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.

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.

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, 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

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

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Frequently Asked Questions about Elizabeth

What type of rentals are currently available in Elizabeth?

There are currently 51 Apartments for Rent in Elizabeth, LA with pricing that ranges from $604 to $7,500. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elizabeth ranging from $525 to $2,600.

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 $525 to $2,600 with an average monthly rent of $1,396.

How much are larger Three and Four Bedroom Rentals in Elizabeth?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elizabeth range from $900 to $2,221, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $2,000. Four Bedroom Single-Family rentals are also available starting from $1,525 and Four Bedroom Apartments start at $1,200.

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.