Cheap Apartments for Rent in Elkhart, IN from $500 (33 Rentals)

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

property at 119 N 3rd St

119 N 3rd St

ElkhartIN46516

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.

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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Ashton Pines
1 to 4 Bedroom Apartments

Ashton Pines

4353 Balsam Fir LnElkhart, IN 46517
  • Utilities Included
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Highland
1 to 3 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

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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Water Tower Place
1 to 3 Bedroom Apartments

Water Tower Place

320 La Salle StElkhart, IN 46516
Senior Living
  • Utilities Included

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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Cobus Green
2 to 3 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: 06/11/2025

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$1,466$55085
South Elkhart$1,466$55091

Cheapest Available Elkhart Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elkhart, IN is a 1 Bed unit found at Avalon West Apartment Homes in the Bower neighborhood priced from $754. North Lake in the Evergreen neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $857. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Avalon West Apartment Homes1B/1B-Up1BR,1BA$754
North LakeOne Bedroom Apartment1BR,1BA$857
Elkhart Green Apartments11BR,1BA$865
The Retreat Apartment Homes1 bd1BR,1BA$914
Northway Manor1 Bedroom - B1BR,1BA$915
Woodwind Apartments1 BR/ 1 BA1BR,1BA$925
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$937
Arbor Lakes ApartmentsOne Bedroom1BR,1BA$1,021
River Point West1/11BR,1BA$1,041
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1,100

Best Value Apartments for Rent in Elkhart, IN and Nearby

As of June 11, 2025 the best value apartment in the Elkhart area is the $1.10 price per square foot 206 S Main St Model at 206 S Main St, Unit Second Floor in the in the East Jackson neighborhood starting from $1,600. The second greatest value Elkhart apartment is the 2 Bedroom/ 2 Bath - Hunter's Pond Model at Hunter's Pond starting at $1,325 with a $1.24 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.
206 S Main St, Unit Second Floor206 S Main St2BR,1BA$1.10
Hunter's Pond2 Bedroom/ 2 Bath - Hunter's Pond2BR,2BA$1.24
Walnut Trails ApartmentsThe Walnut2BR,2BA$1.07
The Highlands ApartmentsTwo Bedroom2BR,2BA$1.21
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.10
River Point West1/11BR,1BA$1.13
North LakeOne Bedroom Apartment1BR,1BA$1.06
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$1.28
Elkhart Green Apartments11BR,1BA$1.20
Avalon West Apartment Homes1B/1B-Up1BR,1BA$1.16

Quick Rent Budget Calculator

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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 price of a cheap apartment in Elkhart?

The cheapest apartment in Elkhart is Avalon West Apartment Homes which is listed at $754, while the average apartment in Elkhart costs $1,466.

What types of apartments are the cheapest in Elkhart?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 24 regular apartments in Elkhart that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Elkhart?

Cheap apartments in Elkhart have an average cost of $876 which is $590 cheaper than the average rent for all rentals in Elkhart.

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 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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.