Studio Apartments for Rent near Elwood, IL (13 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Looking for the perfect new rental? Learn great ways to spot the perfect apartment for you, identify common red flags, and avoid rental issues and scams with these expert provided actionable tips.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article
Showing Results 1-13, Page 1 of 1

Elwood, IL Local Guide

Largest Available Elwood and Nearby Studio Apartments

The largest available Studio apartment unit in Elwood, IL is found at Springs at Lockport in the Maple Hill neighborhood and is 662 square feet priced from $1,835. Enclave at 127th in the River Run neighborhood has the second largest Studio, which is sized at 629 square feet and currently listed start at $1,720. Here is today’s list of the largest available Studio units in Elwood:

Apartment ListingModel NameSquare FootagePriced From
Springs at LockportStudio Grand Overlook662 Sq Ft$1,835
Enclave at 127thS1629 Sq Ft$1,720
Sixteen30S1603 Sq Ft$1,873
The View at Rock Run CollectionS1547 Sq Ft$1,880
Reserve at RomeovilleMeadow525 Sq Ft$1,910

Cheapest Available Elwood and Nearby Studio Apartments

As of August 21, 2026 the lowest priced Studio apartment unit in Elwood, IL is the Studio Renovated Model starting from $1,299 at The Woodlands of Crest Hill in the Rockdale Junction neighborhood. The second most affordable Elwood Studio is the S1 Model at Enclave at 127th starting at $1,720 in the River Run neighborhood. The average price for all Studio apartments in Elwood is currently $1,767. Here is today’s list of the cheapest available Studio options in Elwood:

Apartment ListingModel NamePriced From
The Woodlands of Crest HillStudio Renovated$1,299
Enclave at 127thS1$1,720
Springs at LockportStudio Grand Overlook$1,835
Sixteen30S1$1,873
The View at Rock Run CollectionS1$1,880

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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Elwood, IL Rentals by Map

Decorative image of map

See the most popular apartments and homes in Elwood, IL

View Map
Elwood, IL Apartments Map
View Map
Elwood, IL Rental Homes Map

Frequently Asked Questions about Studio Elwood Apartments

What is the Cheapest apartment in Elwood with Studio?

Currently the most affordable Studio in Elwood is at The Woodlands of Crest Hill listed at $1,299.

How much is the average rent for a Studio Elwood Apartment?

The average rent for a Studio Apartment in Elwood is $1,767.

What is the largest available Studio Elwood Apartment for rent?

Today's apartment with the most square footage in Elwood is a 662 square feet unit starting from $1,835 at Springs at Lockport.

What is the average size for Elwood Studio Apartments for rent?

The average size for a Studio rental in Elwood is currently 561 sq ft.

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

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.