Cheap Apartments for Rent in Elkhart, IA from $700 (26 Rentals)

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

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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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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

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 1-26, 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. Belmont Manor in the Hayes Acres neighborhood has the second lowest priced unit, which is a 2 Beds 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$700
Belmont Manor2 BR Central Air Balcony2BR,1BA$795
Timberland at CrestbruckOne Bedroom B1BR,1BA$816
Trailside Apartments1 Bedroom 2nd Floor1BR,1BA$825
Lake Shore PlaceB12BR,1BA$840
Village on State2BD LL2BR,1BA$845
Lake Shore ParkB32BR,1BA$846
Applewood PropertiesTwo Bedroom2BR,1BA$850
Trilein Village Apartments2 BDRM-Remodel2BR,1BA$938
AshbrookeBayou1BR,1BA$975

Best Value Apartments for Rent in Elkhart, IA and Nearby

As of December 06, 2025 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 Pearson Model at The Ridge at Canyon Landing Townhomes starting at $1,599 with a $1.13 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
The Ridge at Canyon Landing TownhomesPearson3BR,2.5BA$1.13
Windsor Village Phase 1WV 3 Bed3BR,2BA$1.13
Prairie LakesThree Bedroom A3BR,2BA$1.08
Fieldstream Apartment HomesTwo Bedroom2BR,2BA$1.08
Lake Shore PlaceC13BR,2BA$1.05
Applewood PropertiesTwo Bedroom2BR,1BA$0.85
Lake Shore ParkB62BR,1BA$1.05
Village on State2BD LL2BR,1BA$1.06
Belmont Manor2 BR Central Air Balcony2BR,1BA$1.16

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

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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 $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 $795 at Belmont Manor.

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 $1,150.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!