2615 W Hayes St
PeoriaIL61605
Cheap Homes for Rent in Elmwood, IL from $400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Elmwood.
305 N Pleasant View St
ElmwoodIL61529
103 E 2nd St
GlasfordIL61533
119 Vanburen Ct
CantonIL61520
1825 S Kneer Ave
PeoriaIL61605
2114 W Callender Ave
West PeoriaIL61604
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
3016 W Proctor St
PeoriaIL61605
2013 W Laura Ave
West PeoriaIL61604
3624 N Finnell Ave
PeoriaIL61604
710 N Swords Ave
West PeoriaIL61604
3031 W Meidroth St
PeoriaIL61605
3207 W Willow Knolls Dr
PeoriaIL61614
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
3500 Yorkshire
PeoriaIL61604
Showing Results 1-13, Page 1 of 1
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 | $1,096 | $495 | $1,700 |
| Elmwood 3 Bedroom Homes for Rent | $1,641 | $1,000 | $2,750 |
| Elmwood 4 Bedroom Homes for Rent | $2,199 | $2,099 | $2,300 |
Browse Top Homes for Rent in Elmwood
Explore Elmwood
Elmwood, IL Local Guide
- Nearby Cities
- ZIP codes
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Knolls Apartments | Studio | Studio,1BA | $700 |
| Hollow Hills | Studio | Studio,1BA | $700 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio,1BA | $725 |
| Willow Way | 1 bed 1 bath Unit 1 bldg 2 | 1BR,1BA | $800 |
| Old Orchard Trace Apartments | OO1G | 1BR,1BA | $800 |
Best Value Apartments for Rent in Elmwood, IL and Nearby
As of December 22, 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 Two Bedrooms, Two Bathrooms Model at Flats at Dunlap starting at $1,075 with a $1.08 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 |
| Flats at Dunlap | Two Bedrooms, Two Bathrooms | 2BR,2BA | $1.08 |
| Covington Place | 2 BR/1.5BA - 2nd/3rd floor | 2BR,1.5BA | $0.97 |
| Hollybrook Apartments | 2 bedroom 1. 5 bath | 2BR,1.5BA | $0.90 |
| Forest Hill Apartments | 1x1 | 1BR,1BA | $1.12 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.12 |
| Westporte Apartments | WP2B | 2BR,1BA | $1.21 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $1.18 |
| Woods + Meadow Apartments | Studio Apartment in North Peoria | Studio ,1BA | $1.12 |
| Hollow Hills | Studio | Studio ,1BA | $1.08 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick Rent Budget Calculator
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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 $625 to $1,917. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood ranging from $495 to $2,750.
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 $2,750 with an average monthly rent of $1,433.
Expert Rental Resources
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.
Articles, How-To's, and Tips
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.