3 Bedroom Apartments for Rent in Elwood, IL (40 Rentals)

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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.

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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.

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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.

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property at 616 Vine St

616 Vine St

JolietIL60435

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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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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Elwood, IL Local Guide

Largest Available Elwood and Nearby 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Elwood, IL is found at Alice Mae Townhomes in the Orland Crossing neighborhood and is 2,200 square feet priced from $3,240. The Bluffs in the Rockdale Junction neighborhood has the second largest 3 Bedroom, which is sized at 1,524 square feet and currently listed start at $3,403. Here is today’s list of the largest available 3 Bedroom units in Elwood:

Apartment ListingModel NameSquare FootagePriced From
Alice Mae Townhomes3BR/3.5BA2,200 Sq Ft$3,240
The Bluffs3A1,524 Sq Ft$3,403
Enclave at 127th ApartmentsCantigny1,424 Sq Ft$3,174
The Belvedere ApartmentsPebble Beach1,400 Sq Ft$2,845
Tudor Park ApartmentsT5Three Bedroom Townhome1,000 Sq Ft$1,499

Cheapest Available Elwood and Nearby 3 Bedroom Apartments

As of September 20, 2025 the lowest priced 3 Bedroom apartment unit in Elwood, IL is the Three Bedroom One Bathroom Model starting from $1,309 at Tudor Park Apartments in the Downtown neighborhood. The second most affordable Elwood 3 Bedroom is the 3 Bedroom Model at The Legacy Apartments starting at $2,450 in the Prairie Knoll neighborhood. The average price for all 3 Bedroom apartments in Elwood is currently $2,887. Here is today’s list of the cheapest available 3 Bedroom options in Elwood:

Apartment ListingModel NamePriced From
Tudor Park ApartmentsThree Bedroom One Bathroom$1,309
The Legacy Apartments3 Bedroom$2,450
The Belvedere ApartmentsPebble Beach$2,845
Enclave at 127th ApartmentsCantigny$3,174
Alice Mae Townhomes3BR/3.5BA$3,240
The Bluffs3A$3,403

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elwood, IL Rentals by Map

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Getting Around Elwood, IL

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

30 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

2 / 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 3 Bedroom Elwood Apartments

What is the Cheapest apartment in Elwood with 3 Bedroom?

Currently the most affordable 3 Bedroom in Elwood is at Tudor Park Apartments listed at $1,309.

How much is the average rent for a 3 Bedroom Elwood Apartment?

The average rent for a 3 Bedroom Apartment in Elwood is $2,887.

What is the largest available 3 Bedroom Elwood Apartment for rent?

Today's apartment with the most square footage in Elwood is a 2,200 square feet unit starting from $3,240 at Alice Mae Townhomes.

What is the average size for Elwood 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Elwood is currently 1,266 sq ft.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.

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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.