Cheap Homes for Rent in Elwood, KS from $300 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 1022 Ridenbaugh St

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675

Total Monthly Price
$675

1 Bedroom, 1 Bath Home for Rent

Available Now

1022 Ridenbaugh St, Unit A5

1022 Ridenbaugh St
St. JosephMO64501
property at 2110 N 2nd St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

2110 N 2nd St

St. JosephMO64505
property at 1506 Jules St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Condo for Rent

Available Now

1506 Jules St

St. JosephMO64501
property at 1111 Penn St

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

1 Bedroom, 1 Bath Home for Rent

Available Now

1111 Penn St

St. JosephMO64503
property at 1421 Penn St

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725

Total Monthly Price
$725

1 Bedroom, 1 Bath Home for Rent

Available Now

1421 Penn St, Unit 1

1421 Penn St
St. JosephMO64503

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.

property at 1421 Penn St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Condo for Rent

Available Now

1421 Penn St, Unit 4

1421 Penn St
St. JosephMO64503
property at 1318 Atchison St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

2 Bedroom, 1 Bath Home for Rent

Available Now

1318 Atchison St

St. JosephMO64503

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.

Elwood, KS Local Guide

Cheapest Available Elwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elwood, KS is a Studio unit found at Coventry Apartments priced from $650. Mitchell Park Plaza Apartment has the second lowest priced unit, which is a Studio apartment currently listed from $688. Here is today’s list of the most affordable Elwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Coventry Apartments0BR/1.0BAStudio,1BA$650
Mitchell Park Plaza ApartmentS3 - Corner StudioStudio,1BA$688
American Electric LoftsOne Bedroom + Den/Office1BR,1BA$1,120
Lofts at 415Renovated 2BD/2BA2BR,2BA$1,333

Best Value Apartments for Rent in Elwood, KS and Nearby

As of June 14, 2026 the best value apartment in the Elwood area is the $1.03 price per square foot Renovated 2BD/2BA Model at Lofts at 415 in the starting from $1,333. The second greatest value Elwood apartment is the Two Bedroom Two Bath Model at American Electric Lofts starting at $1,460 with a $1.29 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 415Renovated 2BD/2BA2BR,2BA$1.03
American Electric LoftsTwo Bedroom Two Bath2BR,2BA$1.29
1809 Jules St, Unit 1809.5 Jules St1809 Jules St3BR,1BA$0.83
Mitchell Park Plaza ApartmentS3 - Corner StudioStudio ,1BA$1.45
Coventry Apartments0BR/1.0BAStudio ,1BA$2.24
2319 S 18th St2319 S 18th StStudio ,0.5BA$3.44

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.

Read Article
Decorative image

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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Elwood, KS Rentals by Map

View Map
Elwood, KS Apartments Map
View Map
Elwood, KS Rental Homes Map

Frequently Asked Questions about Elwood

What type of rentals are currently available in Elwood?

There are currently 59 Apartments for Rent in Elwood, KS with pricing that ranges from $625 to $1,680. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $345 to $2,300.

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 $345 to $2,300 with an average monthly rent of $1,237.

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 How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.