Cheap Apartments for Rent in Elwood, KS from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elwood.

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Elwood Homes
2 to 3 Bedroom Apartments

Elwood Homes

601 N 12th StWathena, KS 66090
  • Utilities Included
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115 S 13th St
1 Bedroom Apartments

115 S 13th St

115 S 13th StSt. Joseph, MO 64501
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635-641 N 8th St
1 Bedroom Apartments

635-641 N 8th St

635-641 N 8th StSt. Joseph, MO 64501

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.

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515 N 5th St
1 Bedroom Apartments

515 N 5th St

515 N 5th StSt. Joseph, MO 64501
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Museum Hill
1 to 3 Bedroom Apartments

Museum Hill

1404 Sylvanie StSt. Joseph, MO 64501
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503 N 5th St
1 Bedroom Apartments

503 N 5th St

503 N 5th StSt. Joseph, MO 64501
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Lofts at 415
1 to 3 Bedroom Apartments

Lofts at 415

415 N 3rd StSt. Joseph, MO 64501
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Corby Place
1 to 2 Bedroom Apartments

Corby Place

422 Felix StSt. Joseph, MO 64501
Senior Living
  • Utilities Included
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Plaza Apartments
Studio to 3 Bedroom Apartments

Plaza Apartments

1821 Clay StSt. Joseph, MO 64501
  • Utilities Included

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.

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Summit Place
1 to 3 Bedroom Apartments

Summit Place

516-520 N 10th StSt. Joseph, MO 64501
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Lofts at Landmark
1 to 2 Bedroom Apartments

Lofts at Landmark

210 N 4th StSt. Joseph, MO 64501
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Fourth Street Lofts
1 to 2 Bedroom Apartments

Fourth Street Lofts

216 N 4th StSt. Joseph, MO 64501
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Wesley Senior Towers
1 Bedroom Apartments

Wesley Senior Towers

1002 Francis StSt. Joseph, MO 64501
Senior Living
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CityView Lofts
Studio to 2 Bedroom Apartments

CityView Lofts

201 S 10th StSt. Joseph, MO 64501
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San Regis Apartments
1 to 2 Bedroom Apartments

San Regis Apartments

1015 Faraon StSt. Joseph, MO 64501
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Everett Apartments
Studio to 3 Bedroom Apartments

Everett Apartments

826 S 14th StSt. Joseph, MO 64501
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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.

Elwood, KS Local Guide

Cheapest Available Elwood Apartments for Rent and Nearby

 
Apartment ListingModel NameBed/BathPriced From
Mitchell Park Plaza ApartmentS1 - Standard Studio (Pet-Free)Studio,1BA$578
Lofts at 415Classic 2BD/1BA2BR,1BA$1,102

Best Value Apartments for Rent in Elwood, KS and Nearby

As of May 24, 2026 the best value apartment in the Elwood area is the $1.10 price per square foot Classic 2BD/1BA Model at Lofts at 415 in the starting from $1,102. The second greatest value Elwood apartment is the S1 - Standard Studio (Pet Friendly) Model at Mitchell Park Plaza Apartment starting at $599 with a $1.44 price per square foot . Here is today’s list of the best values for Elwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts at 415Classic 2BD/1BA2BR,1BA$1.10
Mitchell Park Plaza ApartmentS1 - Standard Studio (Pet Friendly)Studio ,1BA$1.44

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.

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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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 $578.

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 $910 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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.