
Cheap Apartments for Rent in Elwood, KS from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Elwood.


Mitchell Park Plaza

Total Monthly Price
720 Faraon St, Unit 1

2319 S 18th St

Elwood Homes

115 S 13th St
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.

635-641 N 8th St

Coffee House Properties, LLC

Texas Avenue Apartments

515 N 5th St

503 N 5th St

Museum Hill
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.

Lofts at 415

Corby Place

Alexandria Apartments

Plaza Apartments

Eugene Field Apartments

Summit Place
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.

Lofts at Landmark

Fourth Street Lofts

Wesley Senior Towers

Lofts of Francis

CityView Lofts

San Regis Apartments
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.

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 | $698 | $596 | $1,000 |
| Elwood 1 Bedroom Apartments | $855 | $600 | $1,720 |
| Elwood 2 Bedroom Apartments | $1,235 | $850 | $1,825 |
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
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| American Electric Lofts | Studio | Studio,1BA | $750 |
Best Value Apartments for Rent in Elwood, KS and Nearby
As of April 07, 2026 the best value apartment in the Elwood area is the $0.98 price per square foot 5206 King Hill Ave Model at 5206 King Hill Ave, Unit Apartment C in the starting from $1,100. The second greatest value Elwood apartment is the Studio Model at American Electric Lofts starting at $750 with a $1.34 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. |
|---|---|---|---|
| 5206 King Hill Ave, Unit Apartment C | 5206 King Hill Ave | 2BR,1BA | $0.98 |
| American Electric Lofts | Studio | Studio ,1BA | $1.34 |
| 720 Faraon St, Unit 1 | 720 Faraon St | 1BR,1BA | $1.09 |
| Mitchell Park Plaza | S1 - Standard Studio (Pet Friendly) | Studio ,1BA | $1.44 |
| 2319 S 18th St | 2319 S 18th St | Studio ,0.5BA | $3.32 |
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 ArticleDon'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.
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 listed at $602.
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 $1,460 at American Electric Lofts.
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

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.

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.