Cheap Apartments for Rent in Elkhart, IN from $600 (61 Rentals)

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

property at 514 S 5th St

$775 - $875

1 To 3 Bedroom Rentals

Available Now

514 S 5th St

ElkhartIN46516

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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property at 1417 Krau St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

1417 Krau 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.

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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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Water Tower Place
1 to 3 Bedroom Apartments

Water Tower Place

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

Autumn Court Apartments

2619 Decamp AveElkhart, IN 46517
  • Utilities Included
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Ashton Pines
1 to 4 Bedroom Apartments

Ashton Pines

4353 Balsam Fir LnElkhart, IN 46517
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20 East Elkhart
1 to 2 Bedroom Apartments

20 East Elkhart

2125 Toledo RdElkhart, IN 46516
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Four Seasons
3 Bedroom Apartments

Four Seasons

2937 Mallow StElkhart, IN 46514

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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Elkhart, IN Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Elkhart, IN

Pricing Updated: 04/25/2026

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$1,467$60579
South Elkhart$1,499$60586

Cheapest Available Elkhart Apartments for Rent

 

The cheapest available apartment rental in Elkhart, IN is a 1 Bed unit found at North Lake in the Evergreen neighborhood priced from $857. Avalon West Apartment Homes in the Bower neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North LakeOne Bedroom Apartment1BR,1BA$857
Avalon West Apartment HomesPlan A1BR,1BA$870
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$940
Avalon Woods Apartment HomesStyle G2BR,1BA$1,055
Arbor Lakes ApartmentsOne Bedroom1BR,1BA$1,131
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1,150
River Point West1/11BR,1BA$1,163
The Highlands ApartmentsOne Bedroom1BR,1BA$1,215
York Woods Center1BR/1BA LOFT1BR,1BA$1,300
North River Landing ApartmentsThe Whitewater2BR,2BA$1,300

Best Value Apartments for Rent in Elkhart, IN

As of April 25, 2026 the best value apartment in the Elkhart area is the $1.08 price per square foot The Whitewater Model at North River Landing Apartments in the in the Bower neighborhood starting from $1,300. The second greatest value Elkhart apartment is the 2x2 Upgrade Model at Hunter's Pond Apartments starting at $1,449 with a $1.36 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 River Landing ApartmentsThe Whitewater2BR,2BA$1.08
Hunter's Pond Apartments2x2 Upgrade2BR,2BA$1.36
Walnut Trails ApartmentsThe Oak2BR,2BA$1.23
Avalon Woods Apartment HomesStyle G2BR,1.5BA$1.02
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.15
York Woods Center1BR/1BA LOFT1BR,1BA$1.44
North LakeOne Bedroom Apartment1BR,1BA$1.06
Arbor Lakes ApartmentsOne Bedroom1BR,1BA$1.54
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$1.28
Avalon West Apartment HomesPlan A1BR,1BA$1.52

Top Neighborhoods to Rent Near Major Colleges and Universities in South Bend, IN

Find your ideal affordable rental near the University of Notre Dame, St. Mary's College, and Ivy Tech in South Bend, IN. Explore top neighborhoods now.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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.

Best Local Schools in
Elkhart, IN

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

Explore Elkhart, IN Rentals by Map

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Frequently Asked Questions about Cheap Elkhart Apartments

What is a cheap apartment in Elkhart?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Elkhart is under $1,300.

What is the price of a cheap apartment in Elkhart?

The cheapest apartment in Elkhart is North Lake which is listed at $857, while the average apartment in Elkhart costs $1,483.

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 20 regular apartments in Elkhart that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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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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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.