Cheap Apartments for Rent in the Indiana Neighborhood of Elkhart, IN from $605 (31 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 508 W Marion St
$850 - $900
1 To 3 Bedroom Rentals
Available Now

508 W Marion St

ElkhartIN46516

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

property at 520 W Marion St
$1,000 - $1,100
1 To 2 Bedroom Rentals
Available Now

520 W Marion St

ElkhartIN46516

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Carriage House
1 to 3 Bedroom Apartments

Carriage House

1000 Portsmouth DrElkhart, IN 46517
  • Utilities Included
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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
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Autumn Court Apartments
Studio to 2 Bedroom Apartments

Autumn Court Apartments

2619 Decamp AveElkhart, IN 46517
  • Utilities Included

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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310 Division St
2 Bedroom Apartments

310 Division St

310 Division StElkhart, IN 46516

Indiana, Elkhart, IN Local Guide

Cheapest Available Indiana Apartments for Rent

 

The cheapest available apartment rental in the Indiana area of South Bend, IN is a 1 Bed unit found at Farmington Hills priced from $870. Old Farm Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here are the most affordable Indiana apartments for rent in South Bend, IN:

Apartment ListingModel NameBed/BathPriced From
Farmington Hills1B1BR, 1BA$870
Old Farm ApartmentsOne Bedroom1BR, 1BA$875
Forest Glen Apartments1 Bed1BR, 1BA$895
310 Division St2BR/1.0BA2BR, 1BA$925
Northway Manor1 Bedroom A1BR, 1BA$925
Elkhart Green2BR/1BA Townhouse2BR, 1BA$1,030
Avalon Woods Apartment HomesStyle F2BR, 1BA$1,045
Woodwind Apartments1x11BR, 1BA$1,069
North River Landing ApartmentsThe Bayou2BR, 2BA$1,100
GREENLEAF2 bed 2 bath 1000 sq ft2BR, 2BA$1,175

Best Value Apartments for Rent in Indiana, IN

As of September 22, 2026 the best value apartment in the Indiana area is the $0.63 price per square foot 2BR/1BA Townhouse Model at Elkhart Green in the Hayden neighborhood starting from $1,030. The second greatest value Indiana apartment is the Style G Model at Avalon Woods Apartment Homes in the East Jackson neighborhood starting at $1,070 with a $1.03 price per square foot. Here is today’s list of the best values for Indiana apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Elkhart Green2BR/1BA Townhouse2BR, 1BA$0.63
Avalon Woods Apartment HomesStyle G2BR, 1.5BA$1.03
GREENLEAF2 bed 2 bath 1000 sq ft2BR, 2BA$1.18
River Point West1/11BR, 1BA$1.48
North River Landing ApartmentsThe Bayou2BR, 2BA$1.19
York Woods Center1BR/1BA LOFT1BR, 1BA$1.44
Forest Glen Apartments2 BDR2BR, 1BA$1.35
Stonewater at the RiverwalkA21BR, 1BA$1.62
Northway Manor1 Bedroom A1BR, 1BA$1.42
Farmington Hills1B1BR, 1BA$1.58

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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
Indiana, Elkhart, IN

Ranked #27

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States and customized analysis for East South Bend. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, apartment complexes for the kids, raising pets, transit options, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Indiana Apartments

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

The lowest price for a Cheap One Bedroom Indiana Apartment is $870 at Farmington Hills.

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

Today's best deal for a Cheap Two Bedroom Apartment in Indiana is starting from $925 at 310 Division St.

What is the most affordable Indiana Three Bedroom Apartment?

The best deal on a cheap Indiana Three Bedroom Apartment rental is at Forest Glen Apartments and starts from $1,165.

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

Written by: Wendy Melton

If Indiana is a central hub for the Midwest, South Bend is one of its strongest connectors, especially where education is concerned.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.