Cheap Apartments for Rent in Elkhart, IA from $600 (20 Rentals)

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

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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Lake Shore Park
Rent Specials
$853 - $1,334
Total Monthly Price

Total Monthly Price

Base Rent
$750 - $1,231
Required Monthly Fees
$103

Total Monthly Price
$853 - $1,334
1 to 2 Bedroom Apartments Available Now

Lake Shore Park

725-783 NE 5th StAnkeny, IA 50021
Affordability
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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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Pine Tree Flats
1 to 2 Bedroom Apartments

Pine Tree Flats

1713 NW Pine RdAnkeny, IA 50023
  • Utilities Included

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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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Maple Apartments
1 to 2 Bedroom Apartments

Maple Apartments

1011 SE 3rd StAnkeny, IA 50021

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 $699. Trailside Apartments in the Georgetown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ankeny Park Apartments1B1B1BR,1BA$699
Trailside Apartments1 Bedroom 1st Floor1BR,1BA$795
Timberland at CrestbruckOne Bedroom B1BR,1BA$842
Village on State2 BD Legacy2BR,1BA$845
Lake Shore ParkB32BR,1BA$853

Best Value Apartments for Rent in Elkhart, IA and Nearby

As of February 17, 2026 the best value apartment in the Elkhart area is the $0.77 price per square foot Four bed Model at Prairie Trails in the in the Hayes Acres neighborhood starting from $2,300. The second greatest value Elkhart apartment is the Triplex Middle Units Model at The Pines starting at $1,600 with a $0.89 price per square foot in the Georgetown 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.
Prairie TrailsFour bed4BR,3BA$0.77
The PinesTriplex Middle Units3BR,2.5BA$0.89
Brixin Townhomes at Kimberley CrossingD1 Tatum - 3 Bedroom3BR,2.5BA$1.15
The Ridge at Canyon Landing TownhomesPearson3BR,2.5BA$1.15
Prairie LakesThree Bedroom B3BR,2BA$1.05
Woodland Reserve Apartments2F 1171 sf2BR,2BA$1.06
Lake Shore PlaceC13BR,2BA$0.93
Applewood PropertiesTwo Bedroom2BR,1BA$0.87
Lake Shore ParkB52BR,1BA$1.16
Village on State2 BD Legacy2BR,1BA$1.06

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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

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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 $699 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 $845 at Village on State.

What is the most affordable Elkhart Three Bedroom Apartment?

The best deal on a cheap Elkhart Three Bedroom Apartment rental is at Lake Shore Place and starts from $1,025.

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 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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.