Cheap Apartments for Rent in Elkhart, IA from $700 (21 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Elkhart, IA Local Guide

Cheapest Available Elkhart Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elkhart, IA is a 1 Bed unit found at Ankeny Park Apartments in the Georgetown neighborhood priced from $800. Trailside Apartments in the Georgetown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ankeny Park Apartments1B1B1BR,1BA$800
Trailside Apartments1 Bedroom 2nd Floor1BR,1BA$825
Applewood PropertiesTwo Bedroom2BR,1BA$850
Lake Shore ParkB52BR,1BA$853
Chapel Apartments2 BD Legacy2BR,1BA$865

Best Value Apartments for Rent in Elkhart, IA and Nearby

As of July 13, 2025 the best value apartment in the Elkhart area is the $0.93 price per square foot SS 2 bed units interior Model at State Street Lofts in the in the Georgetown neighborhood starting from $1,400. The second greatest value Elkhart apartment is the Pearson Model at The Ridge at Canyon Landing Townhomes starting at $1,706 with a $1.20 price per square foot in the Creekside neighborhood. Here is today’s list of the best values for Elkhart apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
State Street LoftsSS 2 bed units interior2BR,2BA$0.93
The Ridge at Canyon Landing TownhomesPearson3BR,2.5BA$1.20
The PinesUpper Level3BR,2BA$0.95
Applewood PropertiesTwo Bedroom2BR,1BA$0.85
Maple Apartments2BR/1.0BA2BR,1BA$1.11
Lake Shore PlaceB12BR,1BA$1.11
Timberland at CrestbruckTwo Bedroom A2BR,1BA$1.06
Belmont Manor2 BD W/Balcony2BR,1BA$1.05
Chapel Apartments2 BD Legacy2BR,1BA$1.08
Trilein Village Apartments2 BDRM-Remodel2BR,1BA$1.16

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Location, Location, Location!

Explore Elkhart, IA Rentals by Map

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See the most popular apartments and homes in Elkhart, IA

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Getting Around Elkhart, IA

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Elkhart Apartments

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

The lowest price for a Cheap One Bedroom Elkhart Apartment is $800 at Ankeny Park Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elkhart is starting from $850 at Applewood Properties.

What is the most affordable Elkhart Three Bedroom Apartment?

The best deal on a cheap Elkhart Three Bedroom Apartment rental is at The Pines and starts from $1,350.

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.

decorative image for A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa article

A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Des Moines, Iowa

Written by: Joseph Isenberg

I'm Joe, the ApartmentHomeLiving.com Local Expert for Des Moines and Central Iowa. My parents moved to Central Iowa in 1967, and my family has been here ever since.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.