
Cheap 3 Bedroom Apartments for Rent near Elwood, IN from $1,008 (8 Rentals)


Turnberry Square Apartments

Cedar Ridge Townhomes

Madison Lakes
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.

Lincolnwood Apartments

1631 W 7th St

1311 Fletcher St

1404 S Harrison St
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.
Elwood, IN Local Guide

How much does it cost to rent an apartment in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood Studio Apartments | $1,227 | $650 | $1,479 |
| Elwood 1 Bedroom Apartments | $1,454 | $250 | $2,499 |
| Elwood 2 Bedroom Apartments | $1,652 | $775 | $3,359 |
| Elwood 3 Bedroom Apartments | $2,037 | $1,008 | $3,665 |
| Elwood 4 Bedroom Apartments | $1,332 | $1,194 | $1,460 |
Browse Top Apartments in Elwood
See all Apartments in ElwoodExplore Elwood
Elwood, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 ArticleReal 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 ArticleQuick 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.
Best Local Schools in Elwood, IN
Elwood Junior-Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elwood, IN Rentals by Map
See the most popular apartments and homes in Elwood, IN
Frequently Asked Questions about Cheap Elwood Apartments
What is the Cheapest Studio apartment in Elwood?
Currently the most affordable Cheap Studio Apartment in Elwood is at Hoosier Woods listed at $1,109.
How much is rent for a Cheap One Bedroom Elwood Apartment?
The lowest price for a Cheap One Bedroom Elwood Apartment is $1,109 at Hoosier Woods.
What is the lowest price for a Cheap Two Bedroom Elwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elwood is starting from $1,109 at Hoosier Woods.
What is the most affordable Elwood Three Bedroom Apartment?
The best deal on a cheap Elwood Three Bedroom Apartment rental is at Hoosier Woods and starts from $1,109.
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

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.

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.