
Cheap Homes for Rent in Elizabeth, IN from $600 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Elizabeth.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

12615 E Orell Rd
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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

10404 Greentree Ln
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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6508 Melrose Ave
Louisville's Best Affordable Neighborhoods
Learn about Louisville with original content written by our Louisville, KY Local Expert, Mike Heuer

6517 Lucerne Ave

14516 Dixie Hwy
Elizabeth, IN Local Guide

How much does it cost to rent a home in Elizabeth?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elizabeth 2 Bedroom Homes for Rent | $1,148 | $1,000 | $1,345 |
Elizabeth 3 Bedroom Homes for Rent | $1,600 | $895 | $2,145 |
Elizabeth 4 Bedroom Homes for Rent | $1,673 | $1,399 | $1,980 |
Browse Top Homes for Rent in Elizabeth
Explore Elizabeth
Elizabeth, IN Local Guide
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Cheapest Available Elizabeth Apartments for Rent and Nearby
 The cheapest available apartment rental in Elizabeth, IN is a 1 Bed unit found at Iroquois Green in the Downtown Louisville neighborhood priced from $735. Broadleaf Arms in the Cloverleaf neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $759. Here is today’s list of the most affordable Elizabeth apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Iroquois Green | 1 Bedroom - With Balcony | 1BR,1BA | $735 |
Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $759 |
Southwood | 1 Bed, 1 bath | 1BR,1BA | $799 |
Best Value Apartments for Rent in Elizabeth, IN and Nearby
As of May 17, 2025 the best value apartment in the Elizabeth area is the $1.02 price per square foot Two Bedroom Model at Valley Farms Apartment Homes in the in the South Louisville neighborhood starting from $1,170. The second greatest value Elizabeth apartment is the 2 Beds, 2 baths Model at The Landing starting at $1,129 with a $1.03 price per square foot in the South Louisville neighborhood. Here is today’s list of the best values for Elizabeth apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Valley Farms Apartment Homes | Two Bedroom | 2BR,2BA | $1.02 |
The Landing | 2 Beds, 2 baths | 2BR,2BA | $1.03 |
Cane Run Station | Two Bed One Bath February Special $100 Month | 2BR,1BA | $1.12 |
Bayshore Townhomes | Firefly | 2BR,1.5BA | $0.96 |
Newberry Parc | Two Bedroom | 2BR,2BA | $1.06 |
By the Park | Two bedroom | 2BR,1BA | $0.93 |
Riverport Landings Senior | 2B1B | 2BR,1BA | $1.02 |
Miller Manor Apartments | 2 Bed | 2BR,1BA | $1.11 |
Paddocks at Ridge Park | 2.1 | 2BR,1BA | $1.12 |
Broadleaf Arms | One Bedroom One Bathroom | 1BR,1BA | $0.95 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Elizabeth
What type of rentals are currently available in Elizabeth?
There are currently 43 Apartments for Rent in Elizabeth, IN with pricing that ranges from $735 to $2,302. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elizabeth ranging from $625 to $4,900.
What is the current price range for Rental Homes in Elizabeth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elizabeth ranges from $625 to $4,900 with an average monthly rent of $1,639.
How much are larger Three and Four Bedroom Rentals in Elizabeth?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elizabeth range from $1,099 to $2,302, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,145. Four Bedroom Single-Family rentals are also available starting from $1,399 and Four Bedroom Apartments start at $1,645.
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.

The 10 Best Affordable Neighborhoods for Renting in Louisville, KY
Written by: Mike Heuer
Louisville, Kentucky, founded in 1778, has grown to be the largest city in Kentucky and is a terrific city situated right along the south bank of the Ohio River.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.