Cheap Apartments for Rent in Elizabeth, IL from $300 (14 Rentals)

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

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Tallgrass Townhomes
1 to 3 Bedroom Apartments

Tallgrass Townhomes

1311 7th StDe Witt, IA 52742
  • Utilities Included
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2088 W Galena Ave
1 Bedroom Apartments

2088 W Galena Ave

2088 W Galena AveFreeport, IL 61032
  • Utilities Included
Showing Results 1-14, Page 1 of 1

Elizabeth, IL Local Guide

Cheapest Available Elizabeth Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elizabeth, IL is a Studio unit found at Riverside Apartments and Townhomes priced from $525. Roosevelt School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $570. Here is today’s list of the most affordable Elizabeth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverside Apartments and TownhomesStudioStudio,1BA$525
Roosevelt School Apartments1 bedroom1BR,1BA$570
Northland Park ApartmentsStudioStudio,1BA$625
Greenfield96-a2BR,1BA$650
Pine View1 Bedroom 1 Bath Efficiency1BR,1BA$669

Best Value Apartments for Rent in Elizabeth, IL and Nearby

As of April 08, 2025 the best value apartment in the Elizabeth area is the $1.08 price per square foot Two Bedroom (A2) Model at Arrow Ridge in the starting from $1,295. The second greatest value Elizabeth apartment is the Apt 4 Model at 1182 Locust St starting at $925 with a $0.93 price per square foot . Here is today’s list of the best values for Elizabeth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arrow RidgeTwo Bedroom (A2)2BR,1BA$1.08
1182 Locust StApt 41BR,1BA$0.93
Roosevelt School Apartments2 bedroom2BR,1.5BA$1.00
Super 20 Mobile Home Park3 Bed 1 Bath3BR,1BA$0.96
Cottage Bluff Apartments2-Bedroom2BR,1BA$1.02
73 Manor Dr2 Bedroom2BR,1BA$0.92
Greenfield116-a2BR,1BA$0.72
Eagle Point Townhomes2 BR Townhome2BR,1BA$1.04
Westwinds2BD 1BA2BR,1BA$0.86
Kiwanis Manor Apartments3001 - updated2BR,1BA$1.00

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Location, Location, Location!

Explore Elizabeth, IL Rentals by Map

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See the most popular apartments and homes in Elizabeth, IL

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Getting Around Elizabeth, IL

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

15 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Elizabeth Apartments

What is the Cheapest Studio apartment in Elizabeth?

Currently the most affordable Cheap Studio Apartment in Elizabeth is at Riverside Apartments and Townhomes listed at $525.

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

The lowest price for a Cheap One Bedroom Elizabeth Apartment is $570 at Roosevelt School Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elizabeth is starting from $650 at Greenfield.

What is the most affordable Elizabeth Three Bedroom Apartment?

The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at Super 20 Mobile Home Park and starts from $945.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.