
Cheap Apartments for Rent in the Sherman Neighborhood of Elkhart, IN from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sherman area of Elkhart.


Elkhart Green Apartments

415 N 2nd St

607 W Marion St

119 N 3rd St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

601 W Franklin St

327 Harrison St

313 Gross St

River Park Villa Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

North River Landing Apartments

524 W High St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Holiday Village - Manufactured Home Community
Sherman, Elkhart, IN Local Guide

How much does it cost to rent an apartment in Sherman?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Sherman Studio Apartments | $836 | $550 | $1,133 |
Sherman 1 Bedroom Apartments | $1,087 | $600 | $2,075 |
Sherman 2 Bedroom Apartments | $1,372 | $750 | $2,765 |
Sherman 3 Bedroom Apartments | $1,491 | $895 | $2,965 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Sherman Neighborhood of Elkhart, IN.
See all Apartments in ElkhartExplore Elkhart
Sherman, Elkhart, IN Local Guide
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Cheapest Available Sherman Apartments for Rent
 The cheapest available apartment rental in the Sherman area of South Bend, IN is a 1 Bed unit found at Elkhart Green Apartments priced from $865. Northway Manor has the second lowest priced unit, which is a 1 Bed apartment currently listed from $880. Here are the most affordable Sherman apartments for rent in South Bend, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Elkhart Green Apartments | 1 | 1BR,1BA | $865 |
Northway Manor | 1 Bedroom A | 1BR,1BA | $880 |
The Retreat Apartment Homes | 1 bd | 1BR,1BA | $914 |
Woodwind Apartments | 1 BR/ 1 BA | 1BR,1BA | $925 |
The Highlands Apartments | One Bedroom | 1BR,1BA | $1,021 |
Best Value Apartments for Rent in Sherman, IN
As of June 15, 2025 the best value apartment in the Sherman area is the $1.10 price per square foot 206 S Main St Model at 206 S Main St, Unit Second Floor in the in the East Jackson neighborhood starting from $1,600. The second greatest value Sherman apartment is the 2 Bedroom/ 2 Bath - Hunter's Pond Model at Hunter's Pond starting at $1,325 with a $1.24 price per square foot in the East Jackson neighborhood. Here is today’s list of the best values for Sherman apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
206 S Main St, Unit Second Floor | 206 S Main St | 2BR,1BA | $1.10 |
Hunter's Pond | 2 Bedroom/ 2 Bath - Hunter's Pond | 2BR,2BA | $1.24 |
GREENLEAF | 2 bed 2 bath 1000 sq ft | 2BR,2BA | $1.10 |
River Point West | 1/1 | 1BR,1BA | $1.13 |
Maple Lane Apartments | Maple Ridge B | 1BR,1BA | $1.63 |
The Highlands Apartments | One Bedroom | 1BR,1BA | $1.41 |
Elkhart Green Apartments | 1 | 1BR,1BA | $1.20 |
The Retreat Apartment Homes | 1 bd | 1BR,1BA | $1.29 |
Northway Manor | 1 Bedroom A | 1BR,1BA | $1.53 |
Woodwind Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.68 |
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.
Pet Friendly LifestyleSherman, Elkhart, IN
Ranked #13
Among neighborhoods in Elkhart, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of rentals in areas across the United States including Sherman, Elkhart, and the greater South Bend area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, transit availability, pet-friendly communities, family-friendly amenities, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!
Getting Around the Sherman Neighborhood in Elkhart, IN
Walk Score®
70 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
62 / 100
Bikeable
Some bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Sherman Apartments
How much is rent for a Cheap One Bedroom Sherman Apartment?
The lowest price for a Cheap One Bedroom Sherman Apartment is $865 at Elkhart Green Apartments.
What is the lowest price for a Cheap Two Bedroom Sherman Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Sherman is starting from $1,050 at Woodwind Apartments.
What is the most affordable Sherman Three Bedroom Apartment?
The best deal on a cheap Sherman Three Bedroom Apartment rental is at The Retreat Apartment Homes and starts from $1,274.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.