2615 W Hayes St
PeoriaIL61605
Cheap Homes for Rent in Elmwood, IL from $400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Elmwood.
119 Vanburen Ct
CantonIL61520
2807 W Nevada St
PeoriaIL61605
1537 S Idaho St
PeoriaIL61605
409 N Murphy Rd
Hanna CityIL61536
5917 W Plank Rd
BellevueIL61604
2051 N Gale Ave
PeoriaIL61604
305 N Pleasant View St
ElmwoodIL61529
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Elmwood, IL Local Guide
Sunrise in field by Claire Y. Martin is licensed under CC BY 2.0
How much does it cost to rent a home in Elmwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elmwood 2 Bedroom Homes for Rent | $942 | $495 | $1,350 |
| Elmwood 3 Bedroom Homes for Rent | $1,548 | $550 | $3,975 |
| Elmwood 4 Bedroom Homes for Rent | $2,749 | $2,499 | $3,000 |
Browse Top Homes for Rent in Elmwood
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Elmwood, IL Local Guide
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Cheapest Available Elmwood Apartments for Rent and Nearby
The cheapest available apartment rental in Elmwood, IL is a Studio unit found at Woods + Meadow Apartments in the Northmoor Knolls neighborhood priced from $695. Willow Knolls Apartments in the Northmoor Knolls 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $695 |
| Willow Knolls Apartments | Studio | Studio,1BA | $700 |
| Hollow Hills | Studio | Studio,1BA | $700 |
Best Value Apartments for Rent in Elmwood, IL and Nearby
As of September 12, 2025 the best value apartment in the Elmwood area is the $1.18 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,600. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Eagle Point Apartments | 3 Bedroom 2 Bath | 2BR,2BA | $1.18 |
| Covington Place | 2 BR/1.5BA - 2nd/3rd floor | 2BR,1.5BA | $0.97 |
| ASPEN BLUFF APARTMENTS | Two Bedrooms Two Bathroom | 2BR,2BA | $1.20 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.12 |
| Crescent Creek Apartments | 1x1 | 1BR,1BA | $0.88 |
| Haymeadow Apartments | Farmstead | 2BR,1BA | $1.16 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.03 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
| Hollow Hills | Studio | Studio ,1BA | $1.08 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.07 |
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Best Local Schools in Elmwood, IL
Elmwood Elementary School
Elmwood Community Unit School District 322
Public School - Grades PK-6 (357)
8 out of 10
Elmwood High School
Elmwood Community Unit School District 322
Public School - Grades 9-12 (200)
8 out of 10
Elmwood Junior High School
Elmwood Community Unit School District 322
Public School - Grades 7-8 (101)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elmwood, IL Rentals by Map
See the most popular apartments and homes in Elmwood, IL
Frequently Asked Questions about Elmwood
What type of rentals are currently available in Elmwood?
There are currently 37 Apartments for Rent in Elmwood, IL with pricing that ranges from $695 to $2,000. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood ranging from $495 to $3,975.
What is the current price range for Rental Homes in Elmwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elmwood ranges from $495 to $3,975 with an average monthly rent of $1,478.
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 Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
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.
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.