Cheap Apartments for Rent in Elkhart, IL from $500 (33 Rentals)

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

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.

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Navigating the Rental Market: Tips for First-Time Renters

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

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Pine Woods Apartments
1 to 3 Bedroom Apartments

Pine Woods Apartments

1665 Seven Pines RdSpringfield, IL 62704
  • Utilities Included
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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Showing Results 1-33, Page 1 of 1

Elkhart, IL Local Guide

Cheapest Available Elkhart Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elkhart, IL is a Studio unit found at The Hickcox Collection in the Downtown Springfield neighborhood priced from $628. 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
The Hickcox CollectionThe HickoxStudio,1BA$628
Denison PlaceOne Bedroom1BR,1BA$675
Safe Harbor PropertiesStudioStudio,1BA$675
Cobblestone ApartmentsCobblestone 1BD1BR,1BA$750
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$799
106 S 4th St2 bedroom2BR,1BA$800
Whispering Pines Apartments1 Bed, 1 Bath1BR,1BA$825
Meadow View PlaceLarge 1 Bedroom1BR,1BA$850
Butler Place2 Beds, 1 Baths2BR,1BA$850
Ravenwood TownhomesTownhome2BR,1BA$875

Best Value Apartments for Rent in Elkhart, IL and Nearby

As of May 15, 2025 the best value apartment in the Elkhart area is the $0.75 price per square foot Three Bedroom, Two Bath (I) Model at Brainard Landings Apartments in the starting from $900. The second greatest value Elkhart apartment is the Three Bedroom Model at Huntington Ridge Apartments starting at $1,276 with a $1.16 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.
Brainard Landings ApartmentsThree Bedroom, Two Bath (I)3BR,2BA$0.75
Huntington Ridge ApartmentsThree Bedroom3BR,2BA$1.16
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Meadow View Landing2 Bedroom/1 Bath2BR,1BA$1.04
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Denison PlaceOne Bedroom1BR,1BA$0.84
CandlesA11BR,1BA$1.10
2474 N Florian1st Floor2BR,1.5BA$1.13
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Safe Harbor PropertiesStudioStudio ,1BA$1.08

Quick Rent Budget Calculator

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

Explore Elkhart, IL Rentals by Map

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See the most popular apartments and homes in Elkhart, IL

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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 $628.

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

The lowest price for a Cheap One Bedroom Elkhart Apartment is $675 at Denison Place.

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 $700 at Butler Place.

What is the most affordable Elkhart Three Bedroom Apartment?

The best deal on a cheap Elkhart Three Bedroom Apartment rental is at Brainard Landings Apartments and starts from $900.

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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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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

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

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.