1604 W 15th St
AndersonIN46016
Cheap Homes for Rent in Elwood, IN from $500 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.
605 E 5th St
AndersonIN46012
309.5 Central Ave
AndersonIN46012
336 W 6th St
AndersonIN46016
519 W 2nd St
AndersonIN46016
517 W 2nd 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.
1640 W 18th St
AndersonIN46016
330 W 6th St
AndersonIN46016
1117 Victory Ct
AndersonIN46016
278 W 375 N
AndersonIN46012
1601 Fairview St
AndersonIN46016
102 N Main St
SummitvilleIN46070
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.
2115 W 8th St
AndersonIN46016
Showing Results 1-13, 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 | $985 | $800 | $1,250 |
| Elwood 3 Bedroom Homes for Rent | $1,565 | $900 | $2,515 |
| Elwood 4 Bedroom Homes for Rent | $1,637 | $1,150 | $2,500 |
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 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 |
| Courtyard Village Apartments | 609-A | 1BR,1BA | $750 |
| Kingston Green Apartments | 1 BEDROOM G | 1BR,1BA | $760 |
| Longfellow Plaza Affordable Senior Community | Studio | Studio,1BA | $790 |
Best Value Apartments for Rent in Elwood, IN and Nearby
As of January 07, 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 starting from $1,300. The second greatest value Elwood apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,250 with a $1.12 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 | $1.12 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.04 |
| 1522 Main St, Unit 3 | 1522 Main St | 1BR,1BA | $0.92 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $0.95 |
| Turnberry Square Apartments | 2 bed/2 bath | 2BR,2BA | $1.21 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.11 |
| Kingston Green Apartments | 1 BEDROOM G | 1BR,1BA | $1.25 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
| Green Town Apartments | One Bd rm | 1BR,1BA | $1.23 |
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
The 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
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 $3,249. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $575 to $2,515.
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 $575 to $2,515 with an average monthly rent of $1,122.
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 $3,249, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,515. Four Bedroom Single-Family rentals are also available starting from $1,150 and Four Bedroom Apartments start at $865.
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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!