
Cheap Apartments for Rent in the Sherman Neighborhood of Elkhart, IN from $600 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sherman area of Elkhart.


La Casa Estates

509 W Franklin St

524 W High St

514 S 5th St

401 W Marion St

214 E Crawford St
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.

1464 Hudson St

327 Harrison St

North River Landing Apartments

165 N 5th St

Forest Glen Apartments

River Park Villa Apartments

Northway Manor
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.

647 W Lexington Ave, Unit 3

Stonewater at the Riverwalk

Avalon Woods Apartment Homes

1417 Krau St

209 S 2nd St

GREENLEAF

River Point West
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.

121-123 S Main St

Woodwind Apartments

Maple Lane Apartments

York Woods Center

Highland

Fleming Arms Apartments

Water Tower Place
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.

Holiday Village - Manufactured Home Community

Autumn Court Apartments

1416 Lamar Ct
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 | $1,245 | $605 | $1,445 |
| Sherman 1 Bedroom Apartments | $1,391 | $655 | $2,040 |
| Sherman 2 Bedroom Apartments | $1,383 | $775 | $3,085 |
| Sherman 3 Bedroom Apartments | $1,553 | $940 | $3,174 |
Browse Apartments in this Neighborhood
There are currently 31 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
- Nearby Elkhart neighborhoods
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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 2 Beds unit found at Avalon Woods Apartment Homes priced from $1,055. GREENLEAF has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,150. Here are the most affordable Sherman apartments for rent in South Bend, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Avalon Woods Apartment Homes | Style G | 2BR,1BA | $1,055 |
| GREENLEAF | 2 bed 2 bath 1000 sq ft | 2BR,2BA | $1,150 |
| River Point West | 1/1 | 1BR,1BA | $1,163 |
| North River Landing Apartments | The Whitewater | 2BR,2BA | $1,300 |
| York Woods Center | 1BR/1BA LOFT | 1BR,1BA | $1,300 |
| The Delta | The Irish | Studio,1BA | $1,445 |
| Maple Lane Apartments | Executive Suites | 2BR,1BA | $1,750 |
Best Value Apartments for Rent in Sherman, IN
As of April 21, 2026 the best value apartment in the Sherman area is the $1.08 price per square foot The Whitewater Model at North River Landing Apartments in the in the Bower neighborhood starting from $1,300. The second greatest value Sherman apartment is the Executive Suites Model at Maple Lane Apartments starting at $1,750 with a $1.59 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. |
|---|---|---|---|
| North River Landing Apartments | The Whitewater | 2BR,2BA | $1.08 |
| Maple Lane Apartments | Executive Suites | 2BR,1BA | $1.59 |
| River Point West | 2/2 | 2BR,2BA | $1.62 |
| Avalon Woods Apartment Homes | Style G | 2BR,1.5BA | $1.02 |
| GREENLEAF | 2 bed 2 bath 1000 sq ft | 2BR,2BA | $1.15 |
| York Woods Center | 1BR/1BA LOFT | 1BR,1BA | $1.44 |
| The Delta | The Irish | Studio ,1BA | $2.38 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Pet Friendly LifestyleSherman, Elkhart, IN
Ranked #18
Among cities in Indiana 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!
Frequently Asked Questions about Cheap Sherman Apartments
What is the Cheapest Studio apartment in Sherman?
Currently the most affordable Cheap Studio Apartment in Sherman is at The Delta listed at $1,445.
How much is rent for a Cheap One Bedroom Sherman Apartment?
The lowest price for a Cheap One Bedroom Sherman Apartment is $1,163 at River Point West.
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 $1,055 at Avalon Woods Apartment Homes.
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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.