Cheap Apartments for Rent in Elkhorn, WI from $400 (51 Rentals)

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

property at 215 Lewis St

$1,375 - $1,385

2 Bedroom Rentals

Available Now

215 Lewis St

ElkhornWI53121

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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Sedgemeadow
1 to 2 Bedroom Apartments

Sedgemeadow

18 West StElkhorn, WI 53121
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Elkhorn Apartments
2 Bedroom Apartments

Elkhorn Apartments

222 Lewis StElkhorn, WI 53121
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445 Hartwell
2 Bedroom Apartments

445 Hartwell

445 Hartwell StElkhorn, WI 53121
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Parkside
2 Bedroom Apartments

Parkside

101 Ridgway CtElkhorn, WI 53121

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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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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Lofts of Honey Creek
$1,350 - $2,470
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,470
Total Monthly Price
$1,350 - $2,470
1 to 4 Bedroom Apartments Available Now

Lofts of Honey Creek

2769 Honey Creek RdEast Troy, WI 53120
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  • Utilities Included

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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Waters Edge
$1,465
Total Monthly Price

Total Monthly Price

Base Rent
$1,465
Total Monthly Price
$1,465
2 Bedroom Apartments Available Oct 10

Waters Edge

281 Parkside DrWhitewater, WI 53190
Student Housing
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Hawks Nest Apartments
1 to 4 Bedroom Apartments

Hawks Nest Apartments

155 W Main StWhitewater, WI 53190
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532-532 Sugar Creek Rd
1 to 2 Bedroom Apartments

532-532 Sugar Creek Rd

532-532 Sugar Creek RdDelavan, WI 53115
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1211 Riesch Road
Studio to 2 Bedroom Apartments

1211 Riesch Road

1211 Riesch RdWhitewater, WI 53190
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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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Elkhorn, WI Local Guide

Cheapest Available Elkhorn Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elkhorn, WI is a 1 Bed unit found at Phoenix Street Apartments in the Ellis Farms neighborhood priced from $899. Fox Lane in the Walworth County neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $1,201. Here is today’s list of the most affordable Elkhorn apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Phoenix Street Apartments1 Bedroom, 1 Bath1BR,1BA$899
Fox Lane3 Bedroom Upper 50%3BR,1BA$1,201
Honey Creek ApartmentsBayview1BR,1BA$1,290
Wildwood ApartmentsArlington1BR,1BA$1,295
Bluff Ridge Apartments2 Bed/1 Bath AttachedGarage2BR,1BA$1,349
Lofts of Honey CreekBroadway1BR,1BA$1,350
Geneva Street ApartmentsC5-GS2BR,1BA$1,350
Whispering Pines ApartmentsC1 GP2BR,1BA$1,395
Aspire ApartmentsBroadway1BR,1BA$1,400
Overlook RidgeHoney Creek | 1 Bedroom, 1 Bathroom Apartment1BR,1BA$1,402

Best Value Apartments for Rent in Elkhorn, WI and Nearby

As of August 12, 2026 the best value apartment in the Elkhorn area is the $1.36 price per square foot Duplex Model at Autumn Ridge Apartment Homes in the in the Ellis Farms neighborhood starting from $2,265. The second greatest value Elkhorn apartment is the Roosevelt 2 Story Model at Parkside Rental Homes starting at $2,295 with a $1.47 price per square foot in the Walworth County neighborhood. Here is today’s list of the best values for Elkhorn apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Autumn Ridge Apartment HomesDuplex3BR,2.5BA$1.36
Parkside Rental HomesRoosevelt 2 Story3BR,2.5BA$1.47
Prairie Place ApartmentsTownhouse Three bed Semester3BR,2BA$0.51
Springbrook Apartments3 Bed 2 Bath3BR,2BA$1.25
The Ridges of Geneva EastSandstone2BR,1BA$1.54
Bluff Ridge Apartments2 Bed/1 Bath AttachedGarage2BR,1BA$1.35
Lakeview at the LegionTerrace Lake2BR,2BA$1.45
Geneva Street ApartmentsC6-GS2BR,1BA$1.53
Wildwood ApartmentsArlington1BR,1BA$1.39
Phoenix Street Apartments1 Bedroom, 1 Bath1BR,1BA$1.50

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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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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Elkhorn, WI

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Elkhorn Apartments

How much is rent for a Cheap One Bedroom Elkhorn Apartment?

The lowest price for a Cheap One Bedroom Elkhorn Apartment is $899 at Phoenix Street Apartments.

What is the lowest price for a Cheap Two Bedroom Elkhorn Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elkhorn is starting from $1,295 at Fox Lane.

What is the most affordable Elkhorn Three Bedroom Apartment?

The best deal on a cheap Elkhorn Three Bedroom Apartment rental is at Fox Lane and starts from $1,201.

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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.