Cheap Apartments for Rent in the Sherman Neighborhood of Elkhart, IN from $600 (25 Rentals)

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

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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.

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Highland
1 to 4 Bedroom Apartments

Highland

1875 Osolo RdElkhart, IN 46514

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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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
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121-123 S Main St
2 Bedroom Apartments

121-123 S Main St

121 S Main StElkhart, IN 46516
  • 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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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 Forest Glen Apartments priced from $895. GREENLEAF has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,175. Here are the most affordable Sherman apartments for rent in South Bend, IN:

Apartment ListingModel NameBed/BathPriced From
Forest Glen Apartments1 Bed1BR,1BA$895
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1,175
Woodwind Apartments2x22BR,2BA$1,239
York Woods Center1BR/1BA LOFT1BR,1BA$1,300
Maple Lane ApartmentsMaple Ridge2BR,1BA$1,380

Best Value Apartments for Rent in Sherman, IN

As of July 22, 2026 the best value apartment in the Sherman area is the $1.61 price per square foot 2/2 Model at River Point West in the in the East Jackson neighborhood starting from $1,689. The second greatest value Sherman apartment is the 2 bed 2 bath 1000 sq ft Model at GREENLEAF starting at $1,175 with a $1.18 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.
River Point West2/22BR,2BA$1.61
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.18
Woodwind Apartments2x22BR,2BA$1.32
York Woods Center1BR/1BA LOFT1BR,1BA$1.44
The DeltaThe Cove ADA1BR,1BA$2.19
Forest Glen Apartments2 BDR2BR,1BA$1.35
Maple Lane ApartmentsMaple Ridge1BR,1BA$1.85
Stonewater at the RiverwalkA21BR,1BA$2.24

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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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
Sherman, Elkhart, IN

Ranked #19

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

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

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

The lowest price for a Cheap One Bedroom Sherman Apartment is $895 at Forest Glen 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 $1,010 at Forest Glen Apartments.

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.