1604 W 15th St
AndersonIN46016
Cheap Homes for Rent in Elwood, IN from $500 (24 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.
336 W 6th St
AndersonIN46016
309.5 Central Ave
AndersonIN46012
21 W 8th St
AndersonIN46016
1807 Raible Ave
AndersonIN46011
519 W 2nd St
AndersonIN46016
102 N Main St
SummitvilleIN46070
1502 Cedar St
AndersonIN46016
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
209 N Walnut St
AlexandriaIN46001
223 E 11th St
AndersonIN46016
1720 W 24th St
AndersonIN46016
2324 Chase St
AndersonIN46016
113 N Harrison St
AlexandriaIN46001
1807 W 27th St
AndersonIN46016
622 W 22nd St
AndersonIN46016
1516 Fulton St
AndersonIN46016
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1631 W 7th St
AndersonIN46016
510 W 5th St
AndersonIN46016
2924 McKinley St
AndersonIN46016
2619 Jackson St
AndersonIN46016
1614 W 18th St
AndersonIN46016
1531 Johnson Ave
AndersonIN46016
2626 Morton St
AndersonIN46016
1404 Walton St
AndersonIN46016
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.
Showing Results 1-24, Page 1 of 1
Elwood, IN Local Guide
Indiana Sunset by Barbara Eckstein 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 | $1,028 | $800 | $1,295 |
| Elwood 3 Bedroom Homes for Rent | $1,304 | $850 | $2,715 |
| Elwood 4 Bedroom Homes for Rent | $1,425 | $1,200 | $1,650 |
| Elwood 5 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
| Elwood 6 Bedroom Homes for Rent | $3,800 | $3,800 | $3,800 |
Browse Top Homes for Rent in Elwood
Explore Elwood
Elwood, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Available Elwood Apartments for Rent and Nearby
The cheapest available apartment rental in Elwood, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. Green Town Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here is today’s list of the most affordable Elwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| Green Town Apartments | One Bd rm | 1BR,1BA | $675 |
| First Flats | 1bed/1bath Non-Renovated | 1BR,1BA | $750 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
| Kingston Green Apartments | 1 BEDROOM G | 1BR,1BA | $800 |
Best Value Apartments for Rent in Elwood, IN and Nearby
As of April 16, 2026 the best value apartment in the Elwood area is the $0.93 price per square foot First Floor Model at 1212 Meridian Flats in the starting from $1,575. The second greatest value Elwood apartment is the Townhouse Model at Sun Valley Townhomes starting at $1,300 with a $0.92 price per square foot . 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. |
|---|---|---|---|
| 1212 Meridian Flats | First Floor | 2BR,2BA | $0.93 |
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| Madison Lakes | Three Bedroom | 3BR,1.5BA | $1.08 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
| Cumberland Pointe Apartments | Marina-U | 2BR,2BA | $1.18 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $1.13 |
| Applecreek | The Golden | 2BR,1BA | $1.16 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.11 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
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Best Local Schools in Elwood, IN
Elwood Junior-Senior High School
Elwood Community School Corp
Public School - Grades 6-12 (633)
4 out of 10
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 Elwood
What type of rentals are currently available in Elwood?
There are currently 55 Apartments for Rent in Elwood, IN with pricing that ranges from $250 to $930,980. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $525 to $3,800.
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 $525 to $3,800 with an average monthly rent of $1,539.
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 $803 to $3,382, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,715. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,399.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.