309.5 Central Ave
AndersonIN46012
Cheap Homes for Rent near Elwood, IN from $600 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.
517 W 2nd St
AndersonIN46016
1550 Raible Ave
AndersonIN46011
1310 W 13th St
AndersonIN46016
2223 Chase St
AndersonIN46016
1807 Raible Ave
AndersonIN46011
223 E 11th 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.
1815 Fulton St
AndersonIN46016
1219 W 20th St
AndersonIN46016
415 E 15th St
AndersonIN46016
1423 Fountain St
AndersonIN46016
1631 W 7th St
AndersonIN46016
427 W Vinyard St
AndersonIN46011
1807 Walton 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.
1518 Pearl St
AndersonIN46016
1121 Victory Ct
AndersonIN46016
1820 Pearl St
AndersonIN46016
129 W 3rd St
AndersonIN46016
1030 W 11th St
AndersonIN46016
734 W 2nd St
AndersonIN46016
1629 Hst W 10th St
AndersonIN46016
Cash 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.
Showing Results 1-21, 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 | $1,036 | $895 | $1,395 |
| Elwood 3 Bedroom Homes for Rent | $1,480 | $999 | $2,875 |
| Elwood 4 Bedroom Homes for Rent | $1,200 | $1,200 | $1,200 |
Browse Top Homes for Rent in Elwood
Explore Elwood
Elwood, IN Local Guide
- Nearby Cities
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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 in the Anderson neighborhood priced from $250. Green Town Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. 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 | $700 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
| Kingston Green Apartments | 1 BEDROOM G | 1BR,1BA | $800 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $835 |
Best Value Apartments for Rent in Elwood, IN and Nearby
As of July 17, 2026 the best value apartment in the Elwood area is the $0.92 price per square foot Townhouse Model at Sun Valley Townhomes in the in the Anderson neighborhood starting from $1,300. The second greatest value Elwood apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,295 with a $1.22 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. |
|---|---|---|---|
| Sun Valley Townhomes | Townhouse | 3BR,2.5BA | $0.92 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.22 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| Timbernest Town Homes | 2 Bed, 1.5 Ba Partially Renovated | 2BR,1.5BA | $1.25 |
| Applecreek | The Golden | 2BR,1BA | $1.16 |
| Madison Lakes | One Bedroom | 1BR,1BA | $1.25 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.11 |
| Hoosier Woods | 1X1 60% | 1BR,1BA | $1.20 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
| Green Town Apartments | One Bd rm | 1BR,1BA | $1.28 |
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.
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 (650)
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 57 Apartments for Rent in Elwood, IN with pricing that ranges from $250 to $930,980. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $675 to $2,875.
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 $675 to $2,875 with an average monthly rent of $1,126.
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 $1,100 to $3,505, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $2,875. 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
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.