Cheap Apartments for Rent in Elkhart, IA from $700 (46 Rentals)

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

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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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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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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Trailside Apartments
1 to 2 Bedroom Apartments

Trailside Apartments

1115 W 1st StAnkeny, IA 50023
  • Utilities Included
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310 NW Chapel Dr
2 Bedroom Apartments

310 NW Chapel Dr

310 NW Chapel DrAnkeny, IA 50023
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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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Maple Apartments
1 to 2 Bedroom Apartments

Maple Apartments

1011 SE 3rd StAnkeny, IA 50021

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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Showing Results 1-46, Page 1 of 1

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 $700. 602 SE Grant St in the Georgetown neighborhood has the second lowest priced unit, which is a 2 Beds 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$700
602 SE Grant St2 Bed 1 Bath2BR,1BA$825
Cozy 2 Bedroom 1 Bathroom in Prime Ankeny Location - $99 Deposit & Rent Special2 BD Legacy2BR,1BA$845
Timberland at CrestbruckStudioStudio,1BA$868
Applewood PropertiesTwo Bedroom2BR,1BA$875
Maple Apartments2BR/1.0BA2BR,1BA$895
Brick Towne at Signature Village1 Bedroom1BR,1BA$950
Pine MeadowsB1 Classic2BR,1BA$950
Brick Towne at Piper1x11BR,1BA$1,000
Lake Shore ParkB52BR,1BA$1,000

Best Value Apartments for Rent in Elkhart, IA and Nearby

As of May 21, 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 Henderson Park neighborhood starting from $2,300. The second greatest value Elkhart apartment is the Centennial Pointe West Model at Centennial Pointe West starting at $2,400 with a $1.00 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
Centennial Pointe WestCentennial Pointe West3BR,3BA$1.00
Brixin at Kimberley CrossingE1 Pattison - 4 Bedroom4BR,2.5BA$1.18
The Ridge at Canyon Landing TownhomesPearson3BR,2.5BA$1.27
Applewood PropertiesTwo Bedroom2BR,1BA$0.87
Northgate Apartments2 Bedroom 2 bath2BR,2BA$1.26
Maple Apartments2BR/1.0BA2BR,1BA$0.99
Lake Shore ParkB12BR,1BA$1.23
Cozy 2 Bedroom 1 Bathroom in Prime Ankeny Location - $99 Deposit & Rent Special2 BD Legacy2BR,1BA$1.06
602 SE Grant St2 Bed 1 Bath2BR,1BA$1.04

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

How much rent can you afford?

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!

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Frequently Asked Questions about Cheap Elkhart Apartments

What is the Cheapest Studio apartment in Elkhart?

Currently the most affordable Cheap Studio Apartment in Elkhart is at Timberland at Crestbruck listed at $868.

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

The lowest price for a Cheap One Bedroom Elkhart Apartment is $700 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 $825 at 602 SE Grant St.

What is the most affordable Elkhart Three Bedroom Apartment?

The best deal on a cheap Elkhart Three Bedroom Apartment rental is at Delaware Crossing Apartments & Townhomes and starts from $1,548.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.