Cheap Apartments for Rent in the South Elkhart Neighborhood of Elkhart, IN from $411 (76 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Elkhart 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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property at 508 W Marion St
$850 - $900
1 To 3 Bedroom Rentals
Available Now

508 W Marion St

ElkhartIN46516
property at 517 W Marion St
$850 - $950
Studio To 2 Bedroom Rentals
Available Now

517 W Marion St

ElkhartIN46516

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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property at 520 W Marion St
$1,000 - $1,100
1 To 2 Bedroom Rentals
Available Now

520 W Marion St

ElkhartIN46516

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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Highland
1 to 4 Bedroom Apartments

Highland

1875 Osolo RdElkhart, IN 46514

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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Carriage House
1 to 3 Bedroom Apartments

Carriage House

1000 Portsmouth DrElkhart, IN 46517
  • Utilities Included
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Overlook
1 to 3 Bedroom Apartments

Overlook

58720 Vista BlvdElkhart, 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
  • Utilities Included
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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
  • Utilities Included
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20 East Elkhart
1 to 2 Bedroom Apartments

20 East Elkhart

2125 Toledo RdElkhart, IN 46516

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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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 Overlook priced from $719. Farmington Hills 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
Overlook1 Bedroom 1 Bath1BR,1BA$719
Farmington Hills1B1BR,1BA$870
Old Farm ApartmentsOne Bedroom1BR,1BA$883
Avalon West Apartment Homes1B/1B-Up1BR,1BA$885
Forest Glen Apartments1 Bed1BR,1BA$895
The Retreat Apartment Homes1 bd1BR,1BA$972
GOLFVIEWTwo Bedroom2BR,2BA$985
328-330 W Marion St1BR/1.0BA1BR,1BA$995
Westgate Manor Apartments2 Bedroom2BR,1BA$1,000
Avalon Woods Apartment HomesStyle F2BR,1BA$1,045

Best Value Apartments for Rent in South Elkhart, IN

As of September 08, 2026 the best value apartment in the South Elkhart area is the $1.08 price per square foot The Whitewater Model at North River Landing Apartments in the in the Bower neighborhood starting from $1,300. The second greatest value South Elkhart apartment is the 3 Bedroom Model at Arbors at Riverbend Apartments starting at $1,320 with a $1.14 price per square foot in the Outer Central South 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.
North River Landing ApartmentsThe Whitewater2BR,2BA$1.08
Arbors at Riverbend Apartments3 Bedroom3BR,2BA$1.14
Avalon Woods Apartment HomesStyle G2BR,1.5BA$1.03
North LakeTwo Bedroom Apartment2BR,2BA$1.08
GREENLEAF2 bed 2 bath 1000 sq ft2BR,2BA$1.18
Westgate Manor Apartments2 Bedroom2BR,1BA$1.32
Forest Glen Apartments2 BDR2BR,1BA$1.35
Overlook1 Bedroom 1 Bath1BR,1BA$1.00
The Retreat Apartment Homes1 bd1BR,1BA$1.37
Avalon West Apartment Homes1B/1B-Up1BR,1BA$1.36

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 the price of a cheap apartment in South Elkhart?

The cheapest apartment in South Elkhart is Overlook which is listed at $719, while the average apartment in South Elkhart costs $1,265.

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 $271 which is $994 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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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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.