Cheap Apartments for Rent in the Sherman Neighborhood of Elkhart, IN from $400 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

close
View Me
Highland
1 to 4 Bedroom Apartments

Highland

1875 Osolo RdElkhart, IN 46514
close
View Me
Water Tower Place
1 to 3 Bedroom Apartments

Water Tower Place

320 La Salle StElkhart, IN 46516
Senior Living
  • Utilities Included

Cash 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.

close
View Me
Autumn Court Apartments
Studio to 2 Bedroom Apartments

Autumn Court Apartments

2619 Decamp AveElkhart, IN 46517
  • 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 Forest Glen Apartments priced from $895. Northway Manor has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,125. Here are the most affordable Sherman apartments for rent in South Bend, IN:

Apartment ListingModel NameBed/BathPriced From
Forest Glen Apartments1 Bed1BR,1BA$895
Northway Manor2 Bedroom Townhouse2BR,1BA$1,125
River Point West1/11BR,1BA$1,163
York Woods Center1BR/1BA LOFT1BR,1BA$1,300
GREENLEAF2 bed 2 bath 1500 sq ft2BR,2BA$1,350

Best Value Apartments for Rent in Sherman, IN

As of June 05, 2026 the best value apartment in the Sherman area is the $1.39 price per square foot 2BTH Model at Stonewater at the Riverwalk in the in the East Jackson neighborhood starting from $2,935. The second greatest value Sherman apartment is the 3 bed 2 bath 1600 sq ft Model at GREENLEAF starting at $1,525 with a $0.95 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.
Stonewater at the Riverwalk2BTH2BR,3BA$1.39
GREENLEAF3 bed 2 bath 1600 sq ft3BR,2BA$0.95
River Point West2/22BR,2BA$1.58
Forest Glen Apartments3 Bed3BR,1BA$1.23
Northway Manor2 Bedroom Townhouse2BR,1.5BA$1.21
York Woods Center1BR/1BA LOFT1BR,1BA$1.44
The DeltaThe IrishStudio ,1BA$2.38

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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 $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 $1,125 at Northway Manor.

What is the most affordable Sherman Three Bedroom Apartment?

The best deal on a cheap Sherman 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

decorative image for The Expert List: South Bends 7 Most Livable and Affordable Neighborhoods article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.