Apartments for Rent in Elwood, IN Under $1,500 (61 Rentals)

204 N 4th St

312 S 18th St

Lions Creek
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.

Federal Hill Apartments

Autumn Breeze Apartments

NEXUS Apartments of Noblesville

East Bank

Harbour Town

Northlake Village

Cumberland Pointe Apartments

Princeton Lakes

Harter House Anderson LLC

Rivers Edge Apartments I & II
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Grissom Estates Apartments

Villages on Madison Apartments

First Flats

Cedar Ridge Townhomes

Lakeview Court Apartments

Four Winds Apartments

410 - WINDING BROOK APARTMENTS

Applecreek

North Pointe Commons
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

32 Union Apartments

Hoosier Woods Apartments

Kingston Green Apartments

Fox Acres Apartments

Longfellow Plaza Affordable Senior Community

Cross Lakes Apartments

Bay Terrace Apartments

The Towers at Southdale Affordable Senior

2930 Albright

7145 S Meridian St

1023 E 8th St

4508 County Rd E 200 S

1315 W 5th St

1604 W 11th St

411 E 15th St

521 W 9th St

628 Hawthorne Ave

1427 Wayne St

6461 W 300 S

229 W 2nd St

416 E 31st St
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 | $1,138 | $650 | $1,417 |
Elwood 1 Bedroom Apartments | $1,363 | $250 | $2,834 |
Elwood 2 Bedroom Apartments | $1,597 | $780 | $3,255 |
Elwood 3 Bedroom Apartments | $1,822 | $825 | $3,706 |
Elwood 4 Bedroom Apartments | $1,026 | $850 | $1,180 |
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Elwood, IN Local Guide
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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.
Getting Around Elwood, IN
Walk Score®
31 / 100
Car-Dependent
Most errands require a car
Bike Score®
39 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Elwood
How much are Studio apartments in Elwood?
There are currently 6 Studio Apartments in Elwood with rent ranges from $650 to $1,417 with an average price of $1,138.
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 $250 to $2,834 with an average monthly rent of $1,363.
What does renting a Two Bedroom Apartment in Elwood cost?
The monthly rent prices of Two Bedroom Apartments currently available in Elwood range from $780 to $3,255. Today's average rental price for Two Bedrooms here is $1,597.
How expensive are Elwood Three Bedroom Apartments?
There are currently 18 Three Bedroom Apartments listings available in Elwood on ApartmentHomeLiving.com. The pricing ranges from $825 to $3,706 - averaging $1,822 for the location.
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.