
Cheap Homes for Rent in Elkhart, IL from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Elkhart.


3048 S 11th St
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.

524 E Ridgely Ave

824 E Ridgely Ave
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

109 S Walnut St
Elkhart, IL Local Guide

How much does it cost to rent a home in Elkhart?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elkhart 2 Bedroom Homes for Rent | $1,007 | $750 | $1,300 |
Elkhart 3 Bedroom Homes for Rent | $1,354 | $925 | $1,650 |
Elkhart 4 Bedroom Homes for Rent | $1,725 | $1,700 | $1,750 |
Elkhart 5 Bedroom Homes for Rent | $1,110 | $1,110 | $1,110 |
Browse Top Homes for Rent in Elkhart
Explore Elkhart
Elkhart, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Hickox Collection | The Hickox | Studio,1BA | $628 |
Denison Place | One Bedroom | 1BR,1BA | $675 |
Safe Harbor Properties | Studio | Studio,1BA | $675 |
Best Value Apartments for Rent in Elkhart, IL and Nearby
As of August 13, 2025 the best value apartment in the Elkhart area is the $1.09 price per square foot 3 Bedroom Model at Ash Grove in the starting from $1,450. The second greatest value Elkhart apartment is the Three Bedroom Model at Huntington Ridge Apartments starting at $1,339 with a $1.22 price per square foot . Here is today’s list of the best values for Elkhart apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Ash Grove | 3 Bedroom | 3BR,2BA | $1.09 |
Huntington Ridge Apartments | Three Bedroom | 3BR,2BA | $1.22 |
Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
Orchard Park | 2 Bedroom 1 Bath Deluxe | 2BR,1BA | $1.18 |
Prairie Hills | 2 Bedroom 2 Bath | 2BR,2BA | $1.07 |
Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
Denison Place | One Bedroom | 1BR,1BA | $0.84 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
106 S 4th St | 2 bedroom | 2BR,1BA | $1.21 |
Safe Harbor Properties | Studio | Studio ,1BA | $1.08 |
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.
Frequently Asked Questions about Elkhart
What type of rentals are currently available in Elkhart?
There are currently 40 Apartments for Rent in Elkhart, IL with pricing that ranges from $403 to $2,060. There are also 30 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elkhart ranging from $700 to $1,750.
What is the current price range for Rental Homes in Elkhart?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elkhart ranges from $700 to $1,750 with an average monthly rent of $1,204.
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.

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.

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.

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.

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.