Cheap Apartments for Rent near Elkader, IA from $500 (32 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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131 S Vine St
1 to 2 Bedroom Apartments

131 S Vine St

131 S Vine StWest Union, IA 52175
  • Utilities Included
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Monticello Apartments
1 to 2 Bedroom Apartments

Monticello Apartments

716 N Birch StMonticello, IA 52310
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124 Earl St
1 to 2 Bedroom Apartments

124 Earl St

124-136 Earl StEvansdale, IA 50707

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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725 Duggan Dr
2 to 3 Bedroom Apartments

725 Duggan Dr

725 Duggan DrDubuque, IA 52003
property at 1941 Madison St

$850 - $1,100

Studio To 1 Bedroom Rentals

Available Now

1941 Madison St

DubuqueIA52001
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3090 N Grandview Ave
2 Bedroom Apartments

3090 N Grandview Ave

3090 N Grandview AveDubuque, IA 52001
  • Utilities Included

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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Showing Results 1-32, Page 1 of 1

Elkader, IA Local Guide

Cheapest Available Elkader Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elkader, IA is a 1 Bed unit found at The Meadows Apartments in the Southlawn Court neighborhood priced from $620. Russell Lamson in the Downtown Waterloo neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here is today’s list of the most affordable Elkader apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$620
Russell LamsonStudioStudio,1BA$695
533 W Cherry St, Lancaster, WI 53813Studio2BR,1BA$725
Prairie View Apartments32 Unit - EfficiencyStudio,1BA$795
Union at North Crossing1 Bed 1 Bath1BR,1BA$800
Maplewood Glen Apartments1 Bed 1 Bath1BR,1BA$833
Ruxton Apartments2A2BR,2BA$856
Edgemont Park ApartmentsOne Bedroom Apartment With Balcony At Top Rated...1BR,1BA$895
Leavitt Park Apartments - Waterloo, IA***FIRST MONTH FREE!*** 2 Bed 1 Bath | Leavitt ...2BR,1BA$920
1182 Locust StApt 41BR,1BA$925

Best Value Apartments for Rent in Elkader, IA and Nearby

As of August 03, 2026 the best value apartment in the Elkader area is the $0.85 price per square foot 3BR/2B Model at Lawler School Lofts in the starting from $1,017. The second greatest value Elkader apartment is the Two Bedroom (A2) Model at Arrow Ridge starting at $1,250 with a $1.04 price per square foot . Here is today’s list of the best values for Elkader apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lawler School Lofts3BR/2B3BR,2BA$0.85
Arrow RidgeTwo Bedroom (A2)2BR,1BA$1.04
West Brook ApartmentsBrand New 2 Bedroom/2 Bathroom Units at West Br...2BR,2BA$1.15
1182 Locust StApt 41BR,1BA$0.93
Penn Place ApartmentsNewly Renovated 2 BR2BR,1.5BA$1.11
15 E Main St3 Bed 1 Bath3BR,1BA$1.08
Wild Grove Apartments - 702 NICC2 Bed Updated2BR,1BA$1.09
Ruxton Apartments2A2BR,2BA$0.98
533 W Cherry St, Lancaster, WI 538132B / 1B2BR,1BA$1.07
The Meadows ApartmentsOtter Creek 1Bd1BR,1BA$1.03

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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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 Elkader, IA Rentals by Map

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See the most popular apartments and homes in Elkader, IA

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Frequently Asked Questions about Cheap Elkader Apartments

What is the Cheapest Studio apartment in Elkader?

Currently the most affordable Cheap Studio Apartment in Elkader is at Russell Lamson listed at $695.

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

The lowest price for a Cheap One Bedroom Elkader Apartment is $620 at The Meadows Apartments.

What is the lowest price for a Cheap Two Bedroom Elkader Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elkader is starting from $725 at 533 W Cherry St, Lancaster, WI 53813.

What is the most affordable Elkader Three Bedroom Apartment?

The best deal on a cheap Elkader Three Bedroom Apartment rental is at The Meadows Apartments and starts from $850.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.