Cheap Apartments for Rent in Elkhart, IL from $500 (28 Rentals)

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

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Elkhart, IL Local Guide

Cheapest Available Elkhart Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elkhart, IL is a 1 Bed unit found at 215 N 3rd St priced from $550. Denison Place in the Downtown Springfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Elkhart apartments for rent:

Apartment ListingModel NameBed/BathPriced From
215 N 3rd St1 Bedroom1BR,1BA$550
Denison PlaceOne Bedroom1BR,1BA$675
Whispering Pines1 bed Classic1BR,1BA$700
West Mound Apartments1 Bedroom 1 Bath1BR,1BA$745
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
The Hickcox CollectionThe HickoxStudio,1BA$775
Koke Mill Apartments1 Bedroom1BR,1BA$800
Lake Pointe ApartmentsOne Bedroom1BR,1BA$830
Safe Harbor Properties1 Bdr 1 Bath with Balcony. WiFi Included.1BR,1BA$845
Butler Place2 Beds, 1 Baths2BR,1BA$850

Best Value Apartments for Rent in Elkhart, IL and Nearby

As of February 16, 2025 the best value apartment in the Elkhart area is the $1.06 price per square foot 3 Bed 2 Bath Model at CARDINAL RIDGE in the starting from $1,460. The second greatest value Elkhart apartment is the 2 Bedroom 2 Bath Model at Prairie Vista starting at $1,200 with a $0.92 price per square foot . Here is today’s list of the best values for Elkhart apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
CARDINAL RIDGE3 Bed 2 Bath3BR,2BA$1.06
Prairie Vista2 Bedroom 2 Bath2BR,2BA$0.92
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
3TENB12BR,1BA$1.09
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Butler Place2 Beds, 1 Baths2BR,1BA$1.06
CandlesA11BR,1BA$1.07
Denison PlaceOne Bedroom1BR,1BA$0.84
Safe Harbor Properties1 Bdr 1 Bath with Balcony. WiFi Included.1BR,1BA$1.09
West Mound Apartments1 Bedroom 1 Bath1BR,1BA$1.16

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Getting Around Elkhart, IL

Walk Score®

27 / 100

Car-Dependent

Most errands require a car

Bike Score®

38 / 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 Elkhart Apartments

What is the Cheapest Studio apartment in Elkhart?

Currently the most affordable Cheap Studio Apartment in Elkhart is at The Hickcox Collection listed at $775.

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

The lowest price for a Cheap One Bedroom Elkhart Apartment is $550 at 215 N 3rd St.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elkhart is starting from $675 at 215 N 3rd St.

What is the most affordable Elkhart Three Bedroom Apartment?

The best deal on a cheap Elkhart Three Bedroom Apartment rental is at Candles and starts from $1,093.

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.

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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.