
Cheap Homes for Rent in Downtown Elkhart Neighborhood of Elkhart, IN from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Elkhart area of Elkhart.


901 W Beardsley Ave, Unit A
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.

647 W Lexington Ave, Unit C

400 Aspenwald Ave
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.

1722 10th St
Downtown Elkhart, Elkhart, IN Local Guide

How much does it cost to rent a home in Downtown Elkhart?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Elkhart 2 Bedroom Homes for Rent | $1,333 | $1,050 | $1,700 |
| Downtown Elkhart 3 Bedroom Homes for Rent | $1,224 | $1,100 | $1,397 |
| Downtown Elkhart 4 Bedroom Homes for Rent | $1,420 | $1,420 | $1,420 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Elkhart Neighborhood of Elkhart, IN.
Explore Elkhart
Downtown Elkhart, Elkhart, IN Local Guide
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Cheapest Available Downtown Elkhart Apartments for Rent
 The cheapest available apartment rental in the Downtown Elkhart area of South Bend, IN is a 1 Bed unit found at Forest Glen Apartments priced from $895. Northway Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,125. Here are the most affordable Downtown Elkhart apartments for rent in South Bend, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forest Glen Apartments | 1 Bed | 1BR,1BA | $895 |
| Northway Manor | 2 Bedroom Townhouse | 2BR,1BA | $1,125 |
| River Point West | 1/1 | 1BR,1BA | $1,163 |
Best Value Apartments for Rent in Downtown Elkhart, IN
As of June 11, 2026 the best value apartment in the Downtown Elkhart area is the $1.39 price per square foot 2BTH Model at Stonewater at the Riverwalk in the in the East Jackson neighborhood starting from $2,935. The second greatest value Downtown Elkhart apartment is the 2/2 Model at River Point West starting at $1,689 with a $1.58 price per square foot in the East Jackson neighborhood. Here is today’s list of the best values for Downtown Elkhart apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Stonewater at the Riverwalk | 2BTH | 2BR,3BA | $1.39 |
| River Point West | 2/2 | 2BR,2BA | $1.58 |
| GREENLEAF | 2 bed 2 bath 1000 sq ft | 2BR,2BA | $1.18 |
| Forest Glen Apartments | 3 Bed | 3BR,1BA | $1.23 |
| Northway Manor | 2 Bedroom Townhouse | 2BR,1.5BA | $1.21 |
| York Woods Center | 1BR/1BA LOFT | 1BR,1BA | $1.44 |
| The Delta | The Irish | Studio ,1BA | $2.38 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Elkhart, Elkhart, IN
Ranked #19
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Elkhart
What type of rentals are currently available in Downtown Elkhart?
There are currently 65 Apartments for Rent in Downtown Elkhart, IN with pricing that ranges from $495 to $3,500. There are also 16 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Elkhart ranging from $768 to $1,750.
What is the current price range for Rental Homes in Downtown Elkhart?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Elkhart ranges from $768 to $1,750 with an average monthly rent of $1,309.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.