Cheap Apartments for Rent in Elmwood, IL from $600 (37 Rentals)

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

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Tiffany Pointe
Studio to 2 Bedroom Apartments

Tiffany Pointe

1508 W Tiffany DrPeoria, IL 61614

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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301 N Carole Ave
1 Bedroom Apartments

301 N Carole Ave

301 N Carole AveHanna City, IL 61536

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-37, Page 1 of 1

Elmwood, IL Local Guide

Cheapest Available Elmwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elmwood, IL is a Studio unit found at Willow Knolls Apartments in the Northmoor Knolls neighborhood priced from $700. Hollow Hills in the Windchime neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Elmwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Knolls ApartmentsStudioStudio,1BA$700
Hollow HillsStudioStudio,1BA$700
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$725
Crescent Creek Apartments1x11BR,1BA$750
Hollybrook Apartments1 bedroom1BR,1BA$800
Nordic Villa ApartmentsLoft1BR,1BA$825
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$850
Kellogg Place Apartments1 Bed1BR,1BA$875
Elm Haven PlaceUP TO $2250 OFF rent OR 2 FREE months rent YOU ...1BR,1BA$895
Covington Place2BR/1BA garden level2BR,1BA$900

Best Value Apartments for Rent in Elmwood, IL and Nearby

As of August 03, 2025 the best value apartment in the Elmwood area is the $1.14 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,550. The second greatest value Elmwood apartment is the 2 BR/1.5BA - 2nd/3rd floor Model at Covington Place starting at $925 with a $0.97 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.14
Covington Place2 BR/1.5BA - 2nd/3rd floor2BR,1.5BA$0.97
Brandywine Crossing Apartments2 Bedroom 2 Bath G2BR,2BA$1.06
Crescent Creek Apartments1x11BR,1BA$0.88
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.12
Haymeadow ApartmentsFarmstead2BR,1BA$1.16
Hollybrook Apartments1 bedroom1BR,1BA$1.03
Nordic Villa ApartmentsLoft1BR,1BA$1.18
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.12
Hollow HillsStudioStudio ,1BA$1.08

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Best Local Schools in
Elmwood, IL

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Getting Around Elmwood, IL

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 Elmwood Apartments

What is the Cheapest Studio apartment in Elmwood?

Currently the most affordable Cheap Studio Apartment in Elmwood is at Willow Knolls Apartments listed at $700.

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

The lowest price for a Cheap One Bedroom Elmwood Apartment is $750 at Crescent Creek Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elmwood is starting from $825 at Crescent Creek Apartments.

What is the most affordable Elmwood Three Bedroom Apartment?

The best deal on a cheap Elmwood Three Bedroom Apartment rental is at Hollow Hills and starts from $1,100.

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.