
Apartments for Rent near Elwood, IL Under $1,500 (23 Rentals)


Pheasant Run Apartments

Avalon at Morris

Willow Run of Crest Hill

24138 - 24158 W Main St

The Woodlands of Crest Hill

Bays Tower Apartments
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.

Winchester Manor

Tudor Park Apartments

The Birches Apartments

Larkin Village

Stone Falls

Pine Meadows Apartments

204 E Washington St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

138 S 1st St

602 Meadowood Ln

115 N Hickory St

1161 S Buchanan St

465-479 N School St

Twin Oaks West Apartments

Sutton Place Apartments
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.

811 Covey Ln

Pine Ridge
Elwood, IL Local Guide

How much does it cost to rent an apartment in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood Studio Apartments | $1,650 | $895 | $2,243 |
| Elwood 1 Bedroom Apartments | $1,986 | $949 | $3,028 |
| Elwood 2 Bedroom Apartments | $2,442 | $1,150 | $3,630 |
| Elwood 3 Bedroom Apartments | $2,912 | $1,309 | $7,865 |
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Elwood, IL Local Guide
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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.
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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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elwood, IL Rentals by Map
See the most popular apartments and homes in Elwood, IL
Frequently Asked Questions about Elwood
How much are Studio apartments in Elwood?
There are currently 13 Studio Apartments in Elwood with rent ranges from $895 to $2,243 with an average price of $1,650.
What is the current price range for One Bedroom Elwood Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Elwood ranges from $949 to $3,028 with an average monthly rent of $1,986.
What does renting a Two Bedroom Apartment in Elwood cost?
The monthly rent prices of Two Bedroom Apartments currently available in Elwood range from $1,150 to $3,630. Today's average rental price for Two Bedrooms here is $2,442.
How expensive are Elwood Three Bedroom Apartments?
There are currently 19 Three Bedroom Apartments listings available in Elwood on ApartmentHomeLiving.com. The pricing ranges from $1,309 to $7,865 - averaging $2,912 for the location.
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

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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.