134 S 1st St
WilmingtonIL60481
Cheap Homes for Rent in Elwood, IL from $1,300 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.
904 N Prairie Ave
JolietIL60435
138 S 1st St
WilmingtonIL60481
144 1st
WilmingtonIL60481
144 S 1st St
WilmingtonIL60481
140 S 1st St
WilmingtonIL60481
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.
235 Woodrow Ave
ManhattanIL60442
1411 Highland Ave
JolietIL60435
130 1st St
WilmingtonIL60481
2390 Bicentennial Ave
Crest HillIL60403
121 Davis Ave
RockdaleIL60436
1032 Eunice Ave
JolietIL60433
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.
Showing Results 1-12, Page 1 of 1
Elwood, IL Local Guide
Sunrise over field by Claire Y. Martin is licensed under CC BY 2.0
How much does it cost to rent a home in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood 2 Bedroom Homes for Rent | $1,872 | $1,450 | $2,800 |
| Elwood 3 Bedroom Homes for Rent | $2,416 | $1,500 | $3,600 |
| Elwood 4 Bedroom Homes for Rent | $3,549 | $3,399 | $3,700 |
Browse Top Homes for Rent in Elwood
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Elwood, IL Local Guide
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Cheapest Available Elwood Apartments for Rent and Nearby
The cheapest available apartment rental in Elwood, IL is a 1 Bed unit found at Stone Falls in the Sunset Point neighborhood priced from $949. Tudor Park Apartments in the Downtown neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,209. Here is today’s list of the most affordable Elwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
| The Woodlands of Crest Hill | Cypress | 1BR,1BA | $1,221 |
| 311 N Ottawa St | Studio | 1BR,1BA | $1,250 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $1,299 |
Best Value Apartments for Rent in Elwood, IL and Nearby
As of June 18, 2025 the best value apartment in the Elwood area is the $2.01 price per square foot 3A Model at Seasons at Plainfield in the in the Patriot Place neighborhood starting from $3,070. The second greatest value Elwood apartment is the Augusta 1 Model at The Belvedere Apartments starting at $3,025 with a $2.27 price per square foot in the River Run neighborhood. Here is today’s list of the best values for Elwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Seasons at Plainfield | 3A | 3BR,2BA | $2.01 |
| The Belvedere Apartments | Augusta 1 | 3BR,2BA | $2.27 |
| HighPoint Community Apartments | Chestnut 2 | 2BR,2BA | $1.60 |
| Enclave at 127th Apartments | Burnham w/ Garage | 2BR,2BA | $2.25 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Ravine Woods Apartments | 2 Bedroom - North | 2BR,1BA | $1.58 |
| Timber Pointe Apartments | Elm | 1BR,1BA | $2.30 |
| Willow Run of Crest Hill | 1 bedroom with Den | 1BR,1.5BA | $1.85 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| The Woodlands of Crest Hill | Cypress | 1BR,1BA | $1.97 |
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Frequently Asked Questions about Elwood
What type of rentals are currently available in Elwood?
There are currently 40 Apartments for Rent in Elwood, IL with pricing that ranges from $643 to $5,828. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $1,395 to $3,700.
What is the current price range for Rental Homes in Elwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elwood ranges from $1,395 to $3,700 with an average monthly rent of $2,308.
How much are larger Three and Four Bedroom Rentals in Elwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elwood range from $753 to $5,828, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,600. Four Bedroom Single-Family rentals are also available starting from $3,399 and Four Bedroom Apartments start at $2,499.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.