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

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

property at 415 N 2nd St

$650

1 Bedroom Rentals

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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

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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Carriage House
1 to 3 Bedroom Apartments

Carriage House

1000 Portsmouth DrElkhart, IN 46517
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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

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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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: 01/25/2026

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$57580
South Elkhart$1,467$57586

Cheapest Available Elkhart Apartments for Rent

 

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 $845. Elkhart Green Apartments in the Hayden neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $865. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Avalon West Apartment HomesPlan A1BR,1BA$845
Elkhart Green Apartments11BR,1BA$865
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$940
The Retreat Apartment Homes1 bd1BR,1BA$944
FARMINGTON HILLS2A2BR,1BA$990
Avalon Woods Apartment HomesStyle F2BR,1BA$1,005
Northway Manor2 Bedroom Townhouse2BR,1BA$1,100
Woodwind Apartments1x1 Reno1BR,1BA$1,149
River Point West1/11BR,1BA$1,163
North Pointe ApartmentsOne Bedroom1BR,1BA$1,177

Best Value Apartments for Rent in Elkhart, IN

As of January 25, 2026 the best value apartment in the Elkhart area is the $1.03 price per square foot 2 bed 2 bath 1200 sq ft Model at GREENLEAF in the in the East Jackson neighborhood starting from $1,235. The second greatest value Elkhart apartment is the The Whitewater Model at North River Landing Apartments starting at $1,300 with a $1.08 price per square foot in the Bower 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.
GREENLEAF2 bed 2 bath 1200 sq ft2BR,2BA$1.03
North River Landing ApartmentsThe Whitewater2BR,2BA$1.08
Avalon Woods Apartment HomesStyle J2BR,1.5BA$1.00
Arbor Lakes ApartmentsTwo Bedroom2BR,2BA$1.41
FARMINGTON HILLS2A2BR,1BA$1.02
Northway Manor2 Bedroom Townhouse2BR,1.5BA$1.18
River Point West1/11BR,1BA$1.26
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$1.28
Elkhart Green Apartments11BR,1BA$1.20
The Retreat Apartment Homes1 bd1BR,1BA$1.33

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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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!

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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 $1,177.

What is the price of a cheap apartment in Elkhart?

The cheapest apartment in Elkhart is Avalon West Apartment Homes which is listed at $845, while the average apartment in Elkhart costs $1,467.

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 8 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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.