Cheap Apartments for Rent in the South Elkhart Neighborhood of Elkhart, IN from $400 (67 Rentals)

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

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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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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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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
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Water Tower Place
1 to 3 Bedroom Apartments

Water Tower Place

320 La Salle StElkhart, IN 46516
Senior Living
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Autumn Court Apartments
Studio to 2 Bedroom Apartments

Autumn Court Apartments

2619 Decamp AveElkhart, IN 46517
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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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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
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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

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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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 Avalon West Apartment Homes priced from $870. Forest Glen Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable South Elkhart apartments for rent in Elkhart, IN:

Apartment ListingModel NameBed/BathPriced From
Avalon West Apartment HomesPlan A1BR,1BA$870
Forest Glen Apartments1 Bed1BR,1BA$895
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$943
GOLFVIEWTwo Bedroom2BR,2BA$985
Northway Manor2 Bedroom Townhouse2BR,1BA$1,125
River Point West1/11BR,1BA$1,163
North LakeThree Bedroom Apartment3BR,2BA$1,170
Walnut Trails ApartmentsThe Frasier2BR,2BA$1,173
York Woods Center1BR/1BA LOFT1BR,1BA$1,300
GREENLEAF2 bed 2 bath 1500 sq ft2BR,2BA$1,350

Best Value Apartments for Rent in South Elkhart, IN

As of June 10, 2026 the best value apartment in the South Elkhart 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 South Elkhart 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 South Elkhart 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
Copperleaf Cove3 Bed 2 Bath3BR,2BA$1.43
North LakeThree Bedroom Apartment3BR,2BA$0.97
The Highlands ApartmentsTwo Bedroom2BR,2BA$1.39
GOLFVIEWTwo Bedroom2BR,2BA$1.01
Forest Glen Apartments3 Bed3BR,1BA$1.23
Northway Manor2 Bedroom Townhouse2BR,1.5BA$1.21
York Woods Center1BR/1BA LOFT1BR,1BA$1.44
Arbors at Riverbend Apartments1 Bedroom1BR,1BA$1.28

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
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 $1,350.

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

The cheapest apartment in South Elkhart is Avalon West Apartment Homes which is listed at $870, while the average apartment in South Elkhart costs $1,471.

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 2 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 $135 which is $1,336 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

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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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.

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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.