Cheap Apartments for Rent in Elkhart, IA from $700 (47 Rentals)

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

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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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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Trailside Apartments
1 to 2 Bedroom Apartments

Trailside Apartments

1115 W 1st StAnkeny, IA 50023
  • Utilities Included
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218 NW State St
2 Bedroom Apartments

218 NW State St

218 NW State StAnkeny, IA 50023
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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
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Maple Apartments
1 to 2 Bedroom Apartments

Maple Apartments

1011 SE 3rd StAnkeny, IA 50021

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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Showing Results 1-47, 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 2003-2005 W 1st St in the Georgetown neighborhood priced from $700. Trilein Village in the Georgetown neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $770. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
2003-2005 W 1st St1B1B1BR,1BA$700
Trilein VillageSterling SignatureStudio,1BA$770
Brick Towne at Signature Village1 Bedroom1BR,1BA$800
Brick Towne at Piper1x11BR,1BA$800
602 SE Grant St2 Bed 1 Bath2BR,1BA$825
218 NW State St2 BD Legacy2BR,1BA$845
Applewood PropertiesTwo Bedroom2BR,1BA$875
Lake Shore ParkB32BR,1BA$895
Lake Shore PlaceB12BR,1BA$950
Timberland at CrestbruckOne Bedroom B1BR,1BA$971

Best Value Apartments for Rent in Elkhart, IA and Nearby

As of August 19, 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 Elm St - Ranch Finished Basement Model at Elm St Villas starting at $2,600 with a $0.94 price per square foot in the Hayes Acres 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
Elm St VillasElm St - Ranch Finished Basement3BR,3BA$0.94
Centennial Pointe WestCentennial Pointe West3BR,3BA$1.00
Northgate Apartments3 bedroom 2 bath3BR,2BA$1.10
Applewood PropertiesTwo Bedroom2BR,1BA$0.87
Maple Apartments2BR/1.0BA2BR,1BA$1.11
Lake Shore PlaceB12BR,1BA$1.09
Timberland at CrestbruckOne Bedroom B1BR,1BA$1.14
218 NW State St2 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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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 Trilein Village listed at $770.

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

The lowest price for a Cheap One Bedroom Elkhart Apartment is $700 at 2003-2005 W 1st St.

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 Northgate Apartments and starts from $1,345.

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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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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.