
Cheap Homes for Rent in First Neighborhood of Elkhart, IN from $700 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the First area of Elkhart.


1131 S Main St
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.
First, Elkhart, IN Local Guide

How much does it cost to rent a home in First?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| First 2 Bedroom Homes for Rent | $1,208 | $1,050 | $1,325 |
| First 3 Bedroom Homes for Rent | $1,434 | $1,100 | $1,975 |
| First 4 Bedroom Homes for Rent | $1,420 | $1,420 | $1,420 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the First Neighborhood of Elkhart, IN.
Explore Elkhart
Best Value Apartments for Rent in First, IN
As of June 06, 2026 the best value apartment in the First 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 First 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 First 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 |
| York Woods Center | 1BR/1BA LOFT | 1BR,1BA | $1.44 |
| Old Farm Apartments | Two Bedroom | 2BR,1BA | $1.65 |
| The Delta | The Irish | Studio ,1BA | $2.38 |
| Avalon West Apartment Homes | Plan A | 1BR,1BA | $1.52 |
Frequently Asked Questions about First
What type of rentals are currently available in First?
There are currently 65 Apartments for Rent in First, IN with pricing that ranges from $495 to $3,500. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in First ranging from $768 to $1,975.
What is the current price range for Rental Homes in First?
Today's rental pricing for Homes for Rent, Condos and Townhomes in First ranges from $768 to $1,975 with an average monthly rent of $1,330.
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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.