Cheap Apartments for Rent in Elkhart, IL from $500 (29 Rentals)

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

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • Utilities Included
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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included
Showing Results 1-29, Page 1 of 1

Elkhart, IL Local Guide

Cheapest Available Elkhart Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elkhart, IL is a Studio unit found at The Hickox Collection in the Downtown Springfield neighborhood priced from $628. Denison Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Hickox CollectionThe HickoxStudio,1BA$628
Denison PlaceOne Bedroom1BR,1BA$675
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
106 S 4th St2 bedroom2BR,1BA$800
Whispering Pines Apartments1 Bed, 1 Bath1BR,1BA$825
Safe Harbor Properties1 Bdr 1 Bath with Balcony. WiFi Included.1BR,1BA$845
Butler Place2 Beds, 1 Baths2BR,1BA$850
Smart Choice Park1 Bedroom Unit-Standard1BR,1BA$875
Ravenwood TownhomesTownhome2BR,1BA$875

Best Value Apartments for Rent in Elkhart, IL and Nearby

As of June 21, 2025 the best value apartment in the Elkhart area is the $0.94 price per square foot C1 Model at Candles in the starting from $1,088. The second greatest value Elkhart apartment is the 2 Bedroom/1 Bath Large Model at Meadow View Landing starting at $950 with a $0.91 price per square foot . 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.
CandlesC13BR,2BA$0.94
Meadow View Landing2 Bedroom/1 Bath Large2BR,1BA$0.91
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Safe Harbor PropertiesWalk to work. Capitol View. WIFI Included.2BR,1BA$1.03
3TENB12BR,1BA$0.99
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Denison PlaceOne Bedroom1BR,1BA$0.84
2474 N Florian1st Floor2BR,1.5BA$1.13
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
106 S 4th St2 bedroom2BR,1BA$1.21

Quick Rent Budget Calculator

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

Explore Elkhart, IL Rentals by Map

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See the most popular apartments and homes in Elkhart, IL

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Getting Around Elkhart, IL

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 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

What is the Cheapest Studio apartment in Elkhart?

Currently the most affordable Cheap Studio Apartment in Elkhart is at The Hickox Collection listed at $628.

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

The lowest price for a Cheap One Bedroom Elkhart Apartment is $675 at Denison Place.

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 $800 at 106 S 4th St.

What is the most affordable Elkhart Three Bedroom Apartment?

The best deal on a cheap Elkhart Three Bedroom Apartment rental is at Candles and starts from $1,088.

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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.