
Cheap Homes for Rent in Elkhart Lake, WI from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Elkhart Lake.


33 N Main St

1901 Franklin St

1034 S 19th St

579 Mt Vernon St

905 S 21st St
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.

1019 S 22nd St

38A Lehner St

2218 N Rapids Rd

919 Wright St

207 E Irving Ave

451 Linden Dr
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.
Elkhart Lake, WI Local Guide

How much does it cost to rent a home in Elkhart Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elkhart Lake 2 Bedroom Homes for Rent | $1,369 | $825 | $2,495 |
| Elkhart Lake 3 Bedroom Homes for Rent | $1,705 | $1,100 | $2,495 |
| Elkhart Lake 4 Bedroom Homes for Rent | $1,731 | $1,500 | $2,225 |
| Elkhart Lake 5 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
| Elkhart Lake 6 Bedroom Homes for Rent | $2,300 | $2,300 | $2,300 |
Browse Top Homes for Rent in Elkhart Lake
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Elkhart Lake, WI Local Guide
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Cheapest Available Elkhart Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Elkhart Lake, WI is a 1 Bed unit found at The Club at Oak Creek in the Weeden Creek neighborhood priced from $949. Gateway Apartments in the Cooper neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $974. Here is today’s list of the most affordable Elkhart Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Club at Oak Creek | 1BR/1.0BA | 1BR,1BA | $949 |
| Gateway Apartments | One Bedroom | 1BR,1BA | $974 |
| Lakeview Village | 2 Bedroom | 2BR,1BA | $1,095 |
| Berkshire Sheboygan Falls Senior Apartments | Senior Affordable 144 | 2BR,1BA | $1,206 |
| The Preserve | 1 Bed | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Elkhart Lake, WI and Nearby
As of May 25, 2026 the best value apartment in the Elkhart Lake area is the $1.46 price per square foot Nature's Nook + Model at Whitetail Ridge at Elkhart Lake in the starting from $2,590. The second greatest value Elkhart Lake apartment is the Adeline (3GV) Garden Vista Model at The Apartments at North Town starting at $2,495 with a $1.45 price per square foot in the Cooper neighborhood. Here is today’s list of the best values for Elkhart Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Whitetail Ridge at Elkhart Lake | Nature's Nook + | 3BR,2.5BA | $1.46 |
| The Apartments at North Town | Adeline (3GV) Garden Vista | 3BR,2BA | $1.45 |
| Sheboygan Riverwalk Apartment Homes | Three Bedroom 1380 | 3BR,2BA | $1.07 |
| Harbor Estates | BW-C | 3BR,2BA | $1.37 |
| Lakeview Village | 3 Bedroom | 3BR,1BA | $1.11 |
| SCS Chilton Apartment Community | Huntington 2 BR Upper Middle | 2BR,1BA | $1.34 |
| Berkshire Sheboygan Falls Senior Apartments | Senior Affordable 144 | 2BR,1BA | $1.24 |
| Plank Trail Apartments LLC | 2BR/1BA Front | 2BR,1BA | $1.38 |
| Garton Toy Factory | 2 Bedroom 2 Bath | 2BR,2BA | $1.35 |
| Gateway Apartments | One Bedroom | 1BR,1BA | $1.62 |
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 ArticleReal 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elkhart Lake, WI Rentals by Map
See the most popular apartments and homes in Elkhart Lake, WI
Frequently Asked Questions about Elkhart Lake
What type of rentals are currently available in Elkhart Lake?
There are currently 46 Apartments for Rent in Elkhart Lake, WI with pricing that ranges from $479 to $2,650. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elkhart Lake ranging from $795 to $2,495.
What is the current price range for Rental Homes in Elkhart Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elkhart Lake ranges from $795 to $2,495 with an average monthly rent of $1,702.
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

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.

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.

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.

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.