Cheap Apartments for Rent in Elkhart, IA from $700 (20 Rentals)

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

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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 $760. Lake Shore Park in the Georgetown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $783. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ankeny Park Apartments1B1B1BR,1BA$760
Lake Shore ParkA11BR,1BA$783
Trailside Apartments1 Bedroom 2nd Floor1BR,1BA$825
Village on State2BD LL2BR,1BA$845
Applewood PropertiesTwo Bedroom2BR,1BA$850

Best Value Apartments for Rent in Elkhart, IA and Nearby

As of August 29, 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 Centennial Pointe West Model at Centennial Pointe West starting at $2,300 with a $0.96 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$0.96
State Street LoftsSS 2 bed units interior2BR,2BA$0.93
The Ridge at Canyon Landing TownhomesPearson3BR,2.5BA$1.12
Fieldstream Apartment HomesTwo Bedroom2BR,2BA$1.17
Applewood PropertiesTwo Bedroom2BR,1BA$0.85
Maple Apartments2BR/1.0BA2BR,1BA$1.06
Lake Shore PlaceB12BR,1BA$1.10
Timberland at CrestbruckTwo Bedroom A2BR,1BA$1.09
Village on State2BD LL2BR,1BA$1.06

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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 $760 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 Ashbrooke Apartments and starts from $1,325.

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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.