Cheap Apartments for Rent in Elwood, NE from $500 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Elwood.

Lakeside

Village at Kearney Apartments
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.

Kearney Apartment Homes

South Platte Terrace Apartments

Allura Gardens Apartments

Pacific Place Apartments

511 N Platte Ave, Unit 1A
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.

Sandridge Apartments

105 5th St
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.
Elwood, NE Local Guide

How much does it cost to rent an apartment in Elwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elwood Studio Apartments | $1,038 | $819 | $1,175 |
Elwood 1 Bedroom Apartments | $1,090 | $600 | $1,275 |
Elwood 2 Bedroom Apartments | $1,304 | $615 | $2,395 |
Elwood 3 Bedroom Apartments | $1,220 | $900 | $1,899 |
Elwood 4 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
Browse Top Apartments in Elwood
See all Apartments in ElwoodExplore Elwood
Elwood, NE Local Guide
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Cheapest Available Elwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Elwood, NE is a 1 Bed unit found at Oak View Apartments priced from $600. Burlington Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $645. Here is today’s list of the most affordable Elwood apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $600 |
Burlington Place | 1 Bed 1 Bath | 1BR,1BA | $645 |
Kearney Apartment Homes | Studio | Studio,1BA | $819 |
South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $840 |
Allura Gardens Apartments | One Bedroom One Bathroom | 1BR,1BA | $850 |
Best Value Apartments for Rent in Elwood, NE and Nearby
As of June 25, 2025 the best value apartment in the Elwood area is the $0.92 price per square foot Three Bedroom Two Bath Model at Village at Kearney Apartments in the starting from $955. The second greatest value Elwood apartment is the 2 Bed 1.5 Bath Model at Lakeside starting at $730 with a $0.87 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. |
---|---|---|---|
Village at Kearney Apartments | Three Bedroom Two Bath | 3BR,2BA | $0.92 |
Lakeside | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.87 |
Westside | 2 Bed 1 Bath | 2BR,1BA | $0.74 |
Victory Village on Lakeview | Swanson | 1BR,1BA | $1.60 |
South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $1.17 |
Allura Gardens Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.26 |
Burlington Place | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
511 N Platte Ave, Unit 1A | 511 N Platte Ave | 2BR,1BA | $1.28 |
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
Kearney Apartment Homes | Studio | Studio ,1BA | $1.70 |
Quick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Elwood, NE
Getting Around Elwood, NE
Walk Score®
23 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Elwood Apartments
How much is rent for a Cheap One Bedroom Elwood Apartment?
The lowest price for a Cheap One Bedroom Elwood Apartment is $600 at Oak View 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 $615 at Westside.
What is the most affordable Elwood Three Bedroom Apartment?
The best deal on a cheap Elwood Three Bedroom Apartment rental is at Westside and starts from $925.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.