
Cheap Apartments for Rent near Elwood, KS from $500 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Elwood.


Mitchell Park Plaza Apartment

Elwood Homes

115 S 13th St

Coffee House Properties, LLC

635-641 N 8th St

Texas Avenue Apartments
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.

515 N 5th St

Museum Hill

503 N 5th St

Lofts at 415

Corby Place

Alexandria Apartments

Plaza Apartments
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.

Eugene Field Apartments

Summit Place

Lofts at Landmark

Fourth Street Lofts

Lofts of Francis

Wesley Senior Towers

CityView Lofts
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.

San Regis Apartments

Everett Apartments
Elwood, KS Local Guide

How much does it cost to rent an apartment in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood Studio Apartments | $719 | $597 | $960 |
| Elwood 1 Bedroom Apartments | $1,025 | $700 | $1,720 |
| Elwood 2 Bedroom Apartments | $1,241 | $875 | $1,595 |
| Elwood 3 Bedroom Apartments | $1,093 | $950 | $1,300 |
Browse Top Apartments in Elwood
See all Apartments in ElwoodExplore Elwood
Elwood, KS Local Guide
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Cheapest Available Elwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Elwood, KS is a Studio unit found at Mitchell Park Plaza Apartment in the Buchanan County neighborhood priced from $622. Coventry Apartments in the Buchanan County neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Elwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mitchell Park Plaza Apartment | S1 - Standard Studio (Pet Friendly) | Studio,1BA | $622 |
| Coventry Apartments | 0BR/1.0BA | Studio,1BA | $650 |
| American Electric Lofts | One Bedroom One Bath | 1BR,1BA | $1,110 |
Best Value Apartments for Rent in Elwood, KS and Nearby
As of July 08, 2026 the best value apartment in the Elwood area is the $0.83 price per square foot 1809 Jules St Model at 1809 Jules St, Unit 1809.5 Jules St in the in the Buchanan County neighborhood starting from $875. The second greatest value Elwood apartment is the One Bedroom One Bath Model at American Electric Lofts starting at $1,110 with a $1.53 price per square foot in the Buchanan County neighborhood. 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. |
|---|---|---|---|
| 1809 Jules St, Unit 1809.5 Jules St | 1809 Jules St | 2BR,1BA | $0.83 |
| American Electric Lofts | One Bedroom One Bath | 1BR,1BA | $1.53 |
| Mitchell Park Plaza Apartment | S1 - Standard Studio (Pet Friendly) | Studio ,1BA | $1.49 |
| Coventry Apartments | 0BR/1.0BA | Studio ,1BA | $2.24 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elwood, KS Rentals by Map
See the most popular apartments and homes in Elwood, KS
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 Mitchell Park Plaza Apartment listed at $622.
How much is rent for a Cheap One Bedroom Elwood Apartment?
The lowest price for a Cheap One Bedroom Elwood Apartment is $700 at Coventry Apartments.
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 $959 at Mitchell Park Plaza Apartment.
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.