5917 W Plank Rd
BellevueIL61604
Cheap Homes for Rent in Elmwood, IL from $600 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Elmwood.
824 W Mac Queen Ave
PeoriaIL61604
1220 W John H Gwynn Jr Ave
PeoriaIL61605
409 N Murphy Rd
Hanna CityIL61536
1613 W Kettelle St
PeoriaIL61605
2019 S Elizabeth St
PeoriaIL61605
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
905 W Thrush Ave
PeoriaIL61604
906 S Tonti Cir
PeoriaIL61605
814 W McClure Ave
PeoriaIL61604
1318 N Machin Ave
PeoriaIL61606
910 W Virginia Ave
PeoriaIL61604
3004 W Meidroth St
PeoriaIL61605
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.
Showing Results 1-12, 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 | $1,274 | $733 | $2,400 |
| Elmwood 3 Bedroom Homes for Rent | $1,440 | $800 | $1,850 |
| Elmwood 4 Bedroom Homes for Rent | $1,197 | $1,100 | $1,295 |
| Elmwood 5 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
Browse Top Homes for Rent in Elmwood
Explore Elmwood
Elmwood, IL Local Guide
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Elmwood Apartments for Rent and Nearby
The cheapest available apartment rental in Elmwood, IL is a Studio unit found at Hollow Hills in the Windchime neighborhood priced from $700. Willow Knolls Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Elmwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hollow Hills | Studio | Studio,1BA | $700 |
| Willow Knolls Apartments | Studio | Studio,1BA | $750 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $825 |
| ASPEN BLUFF APARTMENTS | One Bedroom One Bathroom | 1BR,1BA | $850 |
| Nordic Villa Apartments | Loft | 1BR,1BA | $875 |
Best Value Apartments for Rent in Elmwood, IL and Nearby
As of June 06, 2026 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 HCIV2S1FP Model at Hollow Creek IV Apartments starting at $1,400 with a $1.22 price per square foot in the Windchime 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 |
| Hollow Creek IV Apartments | HCIV2S1FP | 2BR,2BA | $1.22 |
| Camden Hills Apartments | 2 Bedroom, 2 Bath | 2BR,2BA | $1.23 |
| Flats at Dunlap | Two Bedrooms, Two Bathrooms | 2BR,2BA | $1.17 |
| Covington Place | 2BR/1.5BA Signature In Unit Wash/Dryer | 2BR,1.5BA | $1.15 |
| Nordic Villa Apartments | Townhouse | 2BR,1.5BA | $1.28 |
| Hillcrest Apartments | 2 BR / 1 BA | 2BR,1BA | $1.15 |
| Forest Hills Apartments | 1x1 | 1BR,1BA | $1.12 |
| Westporte Apartments | WP2B | 2BR,1BA | $1.31 |
| Hollybrook Apartments | 1 bedroom | 1BR,1BA | $1.06 |
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
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Best Local Schools in Elmwood, IL
Elmwood Elementary School
Elmwood Community Unit School District 322
Public School - Grades PK-5 (303)
8 out of 10
Elmwood High School
Elmwood Community Unit School District 322
Public School - Grades 9-12 (200)
3 out of 10
Elmwood Junior High School
Elmwood Community Unit School District 322
Public School - Grades 6-8 (96)
5 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 39 Apartments for Rent in Elmwood, IL with pricing that ranges from $547 to $2,207. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elmwood ranging from $650 to $2,400.
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 $650 to $2,400 with an average monthly rent of $1,387.
How much are larger Three and Four Bedroom Rentals in Elmwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elmwood range from $620 to $2,207, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $630.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.