Cheap Apartments for Rent in the Homer Neighborhood of Elkhart, IN from $600 (16 Rentals)

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

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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616 W High St
Studio Apartments

616 W High St

616 W High StElkhart, IN 46516
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1164 Bresseau St
1 to 2 Bedroom Apartments

1164 Bresseau St

1164 Bresseau StElkhart, IN 46514
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Gladstone Apartments
1 to 2 Bedroom Apartments

Gladstone Apartments

601 Gladstone AveElkhart, IN 46516
  • Utilities Included

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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Oak Ridge Estates
3 Bedroom Apartments

Oak Ridge Estates

1201 County Road 15Elkhart, IN 46516
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20 East Elkhart
1 to 2 Bedroom Apartments

20 East Elkhart

2125 Toledo RdElkhart, IN 46516
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Carriage House
1 to 3 Bedroom Apartments

Carriage House

1000 Portsmouth DrElkhart, IN 46517
  • Utilities Included
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Roosevelt Center
1 to 3 Bedroom Apartments

Roosevelt Center

215 E Indiana AveElkhart, IN 46516
  • Utilities Included

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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Water Tower Place
1 to 3 Bedroom Apartments

Water Tower Place

320 La Salle StElkhart, IN 46516
Senior Living
  • Utilities Included

Homer, Elkhart, IN Local Guide

Cheapest Available Homer Apartments for Rent

 

The cheapest available apartment rental in the Homer area of South Bend, IN is a 1 Bed unit found at Old Farm Apartments priced from $890. River Point West has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,163. Here are the most affordable Homer apartments for rent in South Bend, IN:

Apartment ListingModel NameBed/BathPriced From
Old Farm ApartmentsOne Bedroom1BR,1BA$890
River Point West1/11BR,1BA$1,163
The DeltaThe IrishStudio,1BA$1,445
Stonewater at the RiverwalkA11BR,1BA$1,575

Best Value Apartments for Rent in Homer, IN

As of June 14, 2026 the best value apartment in the Homer area is the $1.58 price per square foot 2/2 Model at River Point West in the in the East Jackson neighborhood starting from $1,689. The second greatest value Homer apartment is the A1 Model at Stonewater at the Riverwalk starting at $1,575 with a $2.05 price per square foot in the East Jackson neighborhood. Here is today’s list of the best values for Homer apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River Point West2/22BR,2BA$1.58
Stonewater at the RiverwalkA11BR,1BA$2.05
The DeltaThe IrishStudio ,1BA$2.38
Old Farm ApartmentsOne Bedroom1BR,1BA$1.59

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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Real 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.

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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
Homer, Elkhart, IN

Ranked #41

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Homer Apartments

What is the Cheapest Studio apartment in Homer?

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

How much is rent for a Cheap One Bedroom Homer Apartment?

The lowest price for a Cheap One Bedroom Homer Apartment is $890 at Old Farm Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Homer is starting from $1,689 at River Point West.

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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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.

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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.

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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.