Cheap Apartments for Rent in Elkhart, IN from $500 (31 Rentals)

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

property at 415 N 2nd St

415 N 2nd St

ElkhartIN46516

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.

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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Highland
1 to 4 Bedroom Apartments

Highland

1875 Osolo RdElkhart, IN 46514
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Carriage House
1 to 3 Bedroom Apartments

Carriage House

1000 Portsmouth DrElkhart, IN 46517
  • Utilities Included

The Expert List: South Bend's 7 Most Livable and Affordable Neighborhoods

Discover affordable South Bend neighborhoods like Swanson Park and Wooded Estates. Find your ideal rental with easy access to parks, shops, and community events.

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Ashton Pines
1 to 4 Bedroom Apartments

Ashton Pines

4353 Balsam Fir LnElkhart, IN 46517
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Water Tower Place
1 to 3 Bedroom Apartments

Water Tower Place

320 La Salle StElkhart, IN 46516
Senior Living
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Autumn Court Apartments
Studio to 2 Bedroom Apartments

Autumn Court Apartments

2619 Decamp AveElkhart, IN 46517
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20 East Elkhart
1 to 2 Bedroom Apartments

20 East Elkhart

2125 Toledo RdElkhart, IN 46516

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

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Cobus Green
2 to 4 Bedroom Apartments

Cobus Green

54152 Ash RdOsceola, IN 46561

Elkhart, IN Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Elkhart, IN

Pricing Updated: 10/27/2025

Current apartment rentals in the Elkhart, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Elkhart Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Elkhart$2,975$76011
South Elkhart$2,975$76013

Cheapest Available Elkhart Apartments for Rent

 

The cheapest available apartment rental in Elkhart, IN is a 2 Beds unit found at La Casa Estates in the East Jackson neighborhood priced from $770. FARMINGTON HILLS in the Impact neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
La Casa Estates2 bedroom2BR,1BA$770
FARMINGTON HILLS1 BR1BR,1BA$800
Avalon West Apartment Homes1B/1B-Up1BR,1BA$818
Elkhart Green Apartments11BR,1BA$865
Old Farm ApartmentsOne Bedroom1BR,1BA$924
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$940
The Retreat Apartment Homes1 bd1BR,1BA$944
Avalon Woods Apartment HomesStyle F2BR,1BA$945
Forest Glen Apartments2 Bed2BR,1BA$960
North LakeTwo Bedroom Apartment2BR,2BA$999

Best Value Apartments for Rent in Elkhart, IN

As of October 27, 2025 the best value apartment in the Elkhart area is the $0.98 price per square foot Two Bedroom Apartment Model at North Lake in the in the Evergreen neighborhood starting from $999. The second greatest value Elkhart apartment is the 2 bed 2 bath 1000 sq ft Model at GREENLEAF starting at $1,150 with a $1.15 price per square foot in the East Jackson 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.
North LakeTwo Bedroom Apartment2BR,2BA$0.98
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.15
Avalon Woods Apartment HomesStyle F2BR,1BA$0.97
Northway Manor2 Bedroom Townhouse2BR,1.5BA$1.15
North River Landing ApartmentsThe Bayou2BR,2BA$1.19
Forest Glen Apartments2 Bed2BR,1BA$1.13
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$1.28
Elkhart Green Apartments11BR,1BA$1.20
La Casa Estates2 bedroom2BR,1BA$1.13
Avalon West Apartment Homes1B/1B-Up1BR,1BA$1.26

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

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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.

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Elkhart Overview

If you are planning on moving to the Midwest, you should consider living in Elkhart, Indiana. There are plenty of apartments in Elkhart, and this is a city that is located just east of South Bend, Indiana. There are lots of apartments in Elkhart available, but you need to find the right location for yourself and your family. What do you need to know about the local area? Do not forget that there are local experts who can help you find the right apartment to meet your needs.

Why live in Elkhart, IN?

There are plenty of reasons why people choose to live in Elkhart, Indiana. First, the cost of living is relatively low. If you live in Elkhart, your money is probably going to go a long way. Second, the traffic in the area is relatively light. It should not take you very long to get from place to place, and you will be able to spend more time with your family members and friends. Finally, Elkhart is also not that far away from South Bend, Indiana. If you want to check out Notre Dame university, you will not be that far away.

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

Explore Elkhart, IN Rentals by Map

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Getting Around Elkhart, IN

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Delta listed at $1,250.

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

The lowest price for a Cheap One Bedroom Elkhart Apartment is $795 at Northway Manor.

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 $770 at La Casa Estates.

What is the most affordable Elkhart Three Bedroom Apartment?

The best deal on a cheap Elkhart Three Bedroom Apartment rental is at The Retreat Apartment Homes and starts from $1,314.

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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The Expert List: South Bends 7 Most Livable and Affordable Neighborhoods

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for South Bend, Indiana I am happy to help you find an affordable place to live in this surprisingly vibrant and extremely livable city.

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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! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.