Cheap Apartments for Rent in the Sherman Neighborhood of Elkhart, IN from $500 (21 Rentals)

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

property at 119 N 3rd St

119 N 3rd St

ElkhartIN46516

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.

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.

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Highland
1 to 3 Bedroom Apartments

Highland

1875 Osolo RdElkhart, IN 46514

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.

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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

Sherman, Elkhart, IN Local Guide

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 ListingModel NameBed/BathPriced From
Elkhart Green Apartments11BR,1BA$865
Northway Manor1 Bedroom A1BR,1BA$880
The Retreat Apartment Homes1 bd1BR,1BA$914
Woodwind Apartments1 BR/ 1 BA1BR,1BA$925
The Highlands ApartmentsOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
206 S Main St, Unit Second Floor206 S Main St2BR,1BA$1.10
Hunter's Pond2 Bedroom/ 2 Bath - Hunter's Pond2BR,2BA$1.24
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.10
River Point West1/11BR,1BA$1.13
Maple Lane ApartmentsMaple Ridge B1BR,1BA$1.63
The Highlands ApartmentsOne Bedroom1BR,1BA$1.41
Elkhart Green Apartments11BR,1BA$1.20
The Retreat Apartment Homes1 bd1BR,1BA$1.29
Northway Manor1 Bedroom A1BR,1BA$1.53
Woodwind Apartments1 BR/ 1 BA1BR,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.

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Pet Friendly Lifestyle
Sherman, Elkhart, IN

Ranked #13

Among neighborhoods in Elkhart, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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.

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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.

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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.

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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.

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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.