Cheap Apartments for Rent in the South Elkhart Neighborhood of Elkhart, IN from $400 (61 Rentals)

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

property at 514 S 5th St

$775 - $875

1 To 3 Bedroom Rentals

Available Now

514 S 5th St

ElkhartIN46516

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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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.

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property at 1417 Krau St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

1417 Krau 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.

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Highland
1 to 4 Bedroom Apartments

Highland

1875 Osolo RdElkhart, IN 46514
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Carriage House
1 to 3 Bedroom Apartments

Carriage House

1000 Portsmouth DrElkhart, IN 46517
  • Utilities Included
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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

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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Autumn Court Apartments
Studio to 2 Bedroom Apartments

Autumn Court Apartments

2619 Decamp AveElkhart, IN 46517
  • Utilities Included
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Ashton Pines
1 to 4 Bedroom Apartments

Ashton Pines

4353 Balsam Fir LnElkhart, IN 46517
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20 East Elkhart
1 to 2 Bedroom Apartments

20 East Elkhart

2125 Toledo RdElkhart, IN 46516
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Four Seasons
3 Bedroom Apartments

Four Seasons

2937 Mallow StElkhart, 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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Showing Results 1-50, Page 1 of 2

South Elkhart, Elkhart, IN Local Guide

Cheapest Available South Elkhart Apartments for Rent

 

The cheapest available apartment rental in the South Elkhart area of Elkhart, IN is a 1 Bed unit found at North Lake priced from $857. Avalon West Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $870. Here are the most affordable South Elkhart apartments for rent in Elkhart, IN:

Apartment ListingModel NameBed/BathPriced From
North LakeOne Bedroom Apartment1BR,1BA$857
Avalon West Apartment HomesPlan A1BR,1BA$870
GOLFVIEWSmall Two Bedroom2BR,2BA$925
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$940
Avalon Woods Apartment HomesStyle G2BR,1BA$1,055
Arbor Lakes ApartmentsOne Bedroom1BR,1BA$1,134
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1,150
River Point West1/11BR,1BA$1,163
The Highlands ApartmentsOne Bedroom1BR,1BA$1,219
York Woods Center1BR/1BA LOFT1BR,1BA$1,300

Best Value Apartments for Rent in South Elkhart, IN

As of April 26, 2026 the best value apartment in the South Elkhart area is the $1.43 price per square foot 3 Bed 2 Bath Model at Copperleaf Cove in the in the South Elkhart neighborhood starting from $1,849. The second greatest value South Elkhart apartment is the The Whitewater Model at North River Landing Apartments starting at $1,300 with a $1.08 price per square foot in the Bower neighborhood. Here is today’s list of the best values for South Elkhart apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Copperleaf Cove3 Bed 2 Bath3BR,2BA$1.43
North River Landing ApartmentsThe Whitewater2BR,2BA$1.08
GOLFVIEWThree Bedroom3BR,2BA$1.12
Walnut Trails ApartmentsThe Oak2BR,2BA$1.23
Hunter's Pond Apartments2x2 Upgrade2BR,2BA$1.36
Avalon Woods Apartment HomesStyle G2BR,1.5BA$1.02
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.15
York Woods Center1BR/1BA LOFT1BR,1BA$1.44
North LakeOne Bedroom Apartment1BR,1BA$1.06
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$1.28

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.

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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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The 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.

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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.

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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
South Elkhart, Elkhart, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Elkhart, Elkhart, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Indiana including South Elkhart, Elkhart, and the greater Elkhart area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and convenient access to the outdoors, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap South Elkhart Apartments

What is a cheap apartment in South Elkhart?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Elkhart is under $1,300.

What is the price of a cheap apartment in South Elkhart?

The cheapest apartment in South Elkhart is North Lake which is listed at $857, while the average apartment in South Elkhart costs $1,499.

What types of apartments are the cheapest in South Elkhart?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 10 regular apartments in South Elkhart that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in South Elkhart?

Cheap apartments in South Elkhart have an average cost of $792 which is $707 cheaper than the average rent for all rentals in South Elkhart.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.