Cheap Homes for Rent in Elkhart, IN from $1,000 (15 Rentals)

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

property at 1417 Krau St

$1,050

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$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

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1417 Krau St

ElkhartIN46516

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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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Elkhart, IN Local Guide

Cheapest Neighborhoods for Apartments in Elkhart, IN

Pricing Updated: 04/28/2026

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$60575
South Elkhart$1,499$60582

Cheapest Available Elkhart Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elkhart, IN is a 1 Bed unit found at North Lake in the Evergreen neighborhood priced from $857. Avalon West Apartment Homes in the Bower neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
North LakeOne Bedroom Apartment1BR,1BA$857
Avalon West Apartment HomesPlan A1BR,1BA$870
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$940
Avalon Woods Apartment HomesStyle G2BR,1BA$1,055
River Point West1/11BR,1BA$1,163

Best Value Apartments for Rent in Elkhart, IN and Nearby

As of April 28, 2026 the best value apartment in the 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 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.
GREENLEAF3 bed 2 bath 1600 sq ft3BR,2BA$0.94
North River Landing ApartmentsThe Whitewater2BR,2BA$1.08
Maple Lane ApartmentsExecutive Suites2BR,1BA$1.59
Hunter's Pond Apartments2x2 Upgrade2BR,2BA$1.36
Avalon Woods Apartment HomesStyle G2BR,1.5BA$1.02
Arbor Lakes ApartmentsTwo Bedroom2BR,2BA$1.44
York Woods Center1BR/1BA LOFT1BR,1BA$1.44
North LakeOne Bedroom Apartment1BR,1BA$1.06
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$1.28
Avalon West Apartment HomesPlan A1BR,1BA$1.52

Top Neighborhoods to Rent Near Major Colleges and Universities in South Bend, IN

Find your ideal affordable rental near the University of Notre Dame, St. Mary's College, and Ivy Tech in South Bend, IN. Explore top neighborhoods now.

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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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Elkhart

What type of rentals are currently available in Elkhart?

There are currently 101 Apartments for Rent in Elkhart, IN with pricing that ranges from $605 to $3,174. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elkhart ranging from $1,000 to $4,800.

What is the current price range for Rental Homes in Elkhart?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elkhart ranges from $1,000 to $4,800 with an average monthly rent of $1,884.

How much are larger Three and Four Bedroom Rentals in Elkhart?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elkhart range from $940 to $3,174, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,420 and Four Bedroom Apartments start at $1,467.

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.