Cheap Apartments for Rent in the Downtown Elkhart Neighborhood of Elkhart, IN from $600 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Elkhart area of 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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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

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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Showing Results 1-34, Page 1 of 1

Downtown Elkhart, Elkhart, IN Local Guide

Cheapest Available Downtown Elkhart Apartments for Rent

 

The cheapest available apartment rental in the Downtown Elkhart area of South Bend, IN is a 2 Beds unit found at Avalon Woods Apartment Homes priced from $1,055. GREENLEAF has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,150. Here are the most affordable Downtown Elkhart apartments for rent in South Bend, IN:

Apartment ListingModel NameBed/BathPriced From
Avalon Woods Apartment HomesStyle G2BR,1BA$1,055
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1,150
River Point West1/11BR,1BA$1,163
North River Landing ApartmentsThe Whitewater2BR,2BA$1,300
York Woods Center1BR/1BA LOFT1BR,1BA$1,300
The DeltaThe IrishStudio,1BA$1,445
Hunter's Pond Apartments2x2 Upgrade2BR,2BA$1,449
Maple Lane ApartmentsExecutive Suites2BR,1BA$1,750
Stonewater at the RiverwalkB12BR,2BA$1,875

Best Value Apartments for Rent in Downtown Elkhart, IN

As of April 27, 2026 the best value apartment in the Downtown Elkhart area is the $0.94 price per square foot 3 bed 2 bath 1600 sq ft Model at GREENLEAF in the in the East Jackson neighborhood starting from $1,499. The second greatest value Downtown 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 Downtown Elkhart apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
GREENLEAF3 bed 2 bath 1600 sq ft3BR,2BA$0.94
North River Landing ApartmentsThe Whitewater2BR,2BA$1.08
Stonewater at the RiverwalkB12BR,2BA$1.67
Maple Lane ApartmentsExecutive Suites2BR,1BA$1.59
Hunter's Pond Apartments2x2 Upgrade2BR,2BA$1.36
River Point West2/22BR,2BA$1.62
Avalon Woods Apartment HomesStyle G2BR,1.5BA$1.02
York Woods Center1BR/1BA LOFT1BR,1BA$1.44
The DeltaThe IrishStudio ,1BA$2.38

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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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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Pet Friendly Lifestyle
Downtown Elkhart, Elkhart, IN

Ranked #18

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, and customized analysis for Eastern South Bend. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Elkhart Apartments

What is the Cheapest Studio apartment in Downtown Elkhart?

Currently the most affordable Cheap Studio Apartment in Downtown Elkhart is at The Delta listed at $1,445.

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

The lowest price for a Cheap One Bedroom Downtown Elkhart Apartment is $1,163 at River Point West.

What is the lowest price for a Cheap Two Bedroom Downtown Elkhart Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Elkhart is starting from $1,055 at Avalon Woods Apartment Homes.

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.

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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.