
Cheap Homes for Rent in Elkhart, IN from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Elkhart.


647 W Lexington Ave, Unit C

54686 Co Rd 19

54686 Co Rd 19

400 Aspenwald Ave

1722 10th St

54686 Co Rd 19
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.

524 W Beardsley Ave, Unit 524

312 Stone Creek Dr

724 E Lawrence St

2804 Delaware St

738 S 28th St

707 W Cleveland Ave

719 W Cleveland 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.
Elkhart, IN Local Guide

How much does it cost to rent a home in Elkhart?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elkhart 2 Bedroom Homes for Rent | $1,265 | $1,050 | $1,700 |
| Elkhart 3 Bedroom Homes for Rent | $1,671 | $999 | $4,500 |
| Elkhart 4 Bedroom Homes for Rent | $2,280 | $1,420 | $4,800 |
Browse Top Homes for Rent in Elkhart
Explore Elkhart
Elkhart, IN Local Guide
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Cheapest Neighborhoods for Apartments in Elkhart, IN
Pricing Updated: 06/12/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| North Elkhart | $1,471 | $605 | 56 |
| South Elkhart | $1,471 | $605 | 64 |
Cheapest Available Elkhart Apartments for Rent
 The cheapest available apartment rental in Elkhart, IN is a 1 Bed unit found at Avalon West Apartment Homes in the Bower neighborhood priced from $870. Old Farm Apartments in the Impact neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here is today’s list of the most affordable Elkhart apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Avalon West Apartment Homes | Plan A | 1BR,1BA | $870 |
| Old Farm Apartments | One Bedroom | 1BR,1BA | $890 |
| Forest Glen Apartments | 1 Bed | 1BR,1BA | $895 |
| Arbors at Riverbend Apartments | 1 Bedroom | 1BR,1BA | $943 |
| North Lake | Two Bedroom Apartment | 2BR,2BA | $1,006 |
Best Value Apartments for Rent in Elkhart, IN
As of June 13, 2026 the best value apartment in the Elkhart area is the $1.14 price per square foot The Frasier Model at Walnut Trails Apartments in the in the East Jackson neighborhood starting from $1,173. The second greatest value Elkhart apartment is the Two Bedroom Model at The Highlands Apartments starting at $1,423 with a $1.39 price per square foot in the Rivercreek neighborhood. Here is today’s list of the best values for Elkhart apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Walnut Trails Apartments | The Frasier | 2BR,2BA | $1.14 |
| The Highlands Apartments | Two Bedroom | 2BR,2BA | $1.39 |
| North Lake | Two Bedroom Apartment | 2BR,2BA | $0.99 |
| GREENLEAF | 2 bed 2 bath 1000 sq ft | 2BR,2BA | $1.18 |
| Arbor Lakes Apartments | Two Bedroom | 2BR,2BA | $1.49 |
| Northway Manor | 2 Bedroom Townhouse | 2BR,1.5BA | $1.21 |
| York Woods Center | 1BR/1BA LOFT | 1BR,1BA | $1.44 |
| Forest Glen Apartments | 2 BDR | 2BR,1BA | $1.35 |
| Arbors at Riverbend Apartments | 1 Bedroom | 1BR,1BA | $1.28 |
| Avalon West Apartment Homes | Plan A | 1BR,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.
Read ArticleDon'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.
Best Local Schools in Elkhart, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elkhart, IN Rentals by Map
See the most popular apartments and homes in Elkhart, IN
Frequently Asked Questions about Elkhart
What type of rentals are currently available in Elkhart?
There are currently 97 Apartments for Rent in Elkhart, IN with pricing that ranges from $605 to $3,500. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elkhart ranging from $768 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 $768 to $4,800 with an average monthly rent of $1,647.
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 $999 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,420 and Four Bedroom Apartments start at $1,471.
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.