115 N Hickory St
JolietIL60435
Cheap Homes for Rent near Elwood, IL from $1,100 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.
465-479 N School St
DiamondIL60416
204 E Washington St
JolietIL60433
138 S 1st St
WilmingtonIL60481
1353 Lakeview Ave
RockdaleIL60436
121 Davis Ave
RockdaleIL60436
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1023 Shagbark Ct
New LenoxIL60451
616 Vine St
JolietIL60435
319 N Center St
JolietIL60435
8150 N Thorsen Ln
MorrisIL60450
306 Grande Dr
MinookaIL60447
1324 Post Oak Ct
Crest HillIL60403
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.
108 E Webster St
JolietIL60432
Showing Results 1-13, 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 | $2,195 | $1,530 | $3,200 |
| Elwood 3 Bedroom Homes for Rent | $2,504 | $1,575 | $3,400 |
| Elwood 4 Bedroom Homes for Rent | $3,099 | $2,200 | $4,000 |
| Elwood 5 Bedroom Homes for Rent | $3,192 | $3,100 | $3,285 |
| Elwood 7 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
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 |
| Bays Tower Apartments | Studio | 1BR,1BA | $1,250 |
| The Woodlands of Crest Hill | Studio Renovated | Studio,1BA | $1,299 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $1,359 |
Best Value Apartments for Rent in Elwood, IL and Nearby
As of August 19, 2026 the best value apartment in the Elwood area is the $2.43 price per square foot B2 Model at Orland Ridge Towns and Villas in the in the Meadow Park neighborhood starting from $3,347. The second greatest value Elwood apartment is the Cypress Model at Village Place Apartments starting at $2,336 with a $2.07 price per square foot in the International Center 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. |
|---|---|---|---|
| Orland Ridge Towns and Villas | B2 | 2BR,2BA | $2.43 |
| Village Place Apartments | Cypress | 2BR,2BA | $2.07 |
| The Bluffs | B1G | 2BR,2BA | $2.11 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Highland Ridge | A-1x1 | 1BR,1BA | $2.34 |
| Reserve at Romeoville | Glen | 1BR,1BA | $2.31 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| Timber Pointe Apartments | Cypress 2 | 1BR,1BA | $2.44 |
| Remington Apartment Homes | Serenity | 1BR,1BA | $2.51 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.27 |
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.
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See the most popular apartments and homes in Elwood, IL
Frequently Asked Questions about Elwood
What type of rentals are currently available in Elwood?
There are currently 46 Apartments for Rent in Elwood, IL with pricing that ranges from $895 to $4,608. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $1,195 to $4,000.
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 $1,195 to $4,000 with an average monthly rent of $2,541.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.
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.
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.