Lake Elizabeth Township is located in Township 118 North of the Arkansas Base Line and Range 33 West of the 5th Principal Meridian.

As of the census[1] of 2000, there were 277 people, 89 households, and 70 families residing in the township.

There were 91 housing units at an average density of 2.6 per square mile (1.0/km2).

19.1% of all households were made up of individuals, and 9.0% had someone living alone who was 65 years of age or older.

About 7.0% of families and 9.3% of the population were below the poverty line, including 14.0% of those under the age of eighteen and none of those 65 or over.