Cheap Apartments for Rent near Elwood, NE from $615 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Elwood.

Burlington Place

The Preston

Lakeside

Oak View Apartments

208 Sunrise Rd

Kearney Apartment Homes

Village at Kearney Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Iron Horse Flats

Sandridge Apartments

South Platte Terrace Apartments

Loomis Apartment Homes

Allura Gardens Apartments

2500 W 24th St

Prairie Heights Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

6th Dimension Apartments

Total Monthly Price
Pacific Place Apartments

702 Maberly St

1202 Arthur St

2900 Grand Ave

Wheatridge Apartments

1410 Norris Ave

509 E 2nd St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Vintage Rows

Bel Apartments

112 W 10th St

902 East E Street

2015 E St

903 W 1st St

Water Tower Residences

611 Tri-Plex
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.

535 Flats

The Cooper Apartment Homes

North Adams Flats

The Logan on 11th

74980 444th Rd

2500 W 24th St

Grandview Apartments

The Crystal on C Ave
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.

2900 Grand Ave
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 | $1,151 | $860 | $1,249 |
| Elwood 1 Bedroom Apartments | $1,222 | $675 | $1,899 |
| Elwood 2 Bedroom Apartments | $1,436 | $615 | $2,545 |
| Elwood 3 Bedroom Apartments | $1,397 | $930 | $1,860 |
| Elwood 4 Bedroom Apartments | $1,550 | $1,550 | $1,550 |
Browse Top Apartments in Elwood
See all Apartments in ElwoodExplore Elwood
Elwood, NE Local Guide
- Nearby Cities
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Cheapest Available Elwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Elwood, NE is a 2 Beds unit found at Westside priced from $615. Vintage Rows has the second lowest priced unit, which is a 2 Beds apartment currently listed from $695. Here is today’s list of the most affordable Elwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Westside | 2 Bed 1 Bath | 2BR,1BA | $615 |
| Vintage Rows | 2BR/1.0BA | 2BR,1BA | $695 |
| The Preston | 1-Bedroom | 1BR,1BA | $699 |
| Lakeside | 2 Bed 1 Bath | 2BR,1BA | $880 |
| Kelley Creek | 2 Bed 1.5 Bath | 2BR,1BA | $900 |
| South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $920 |
| Loomis Apartment Homes | Furnished 1-Bedroom | 1BR,1BA | $925 |
| Village at Kearney Apartments | Two Bedroom Two Bath | 2BR,2BA | $940 |
| Allura Gardens Apartments | One Bedroom One Bathroom | 1BR,1BA | $950 |
| Prairie Heights Apartments | The Phillips | 1BR,1BA | $979 |
Best Value Apartments for Rent in Elwood, NE and Nearby
As of September 06, 2026 the best value apartment in the Elwood area is the $0.82 price per square foot 2 Bed 2 Bath Loft Model at Westside in the starting from $870. The second greatest value Elwood apartment is the 2BR/1.0BA Model at Vintage Rows starting at $695 with a $0.74 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. |
|---|---|---|---|
| Westside | 2 Bed 2 Bath Loft | 2BR,2BA | $0.82 |
| Vintage Rows | 2BR/1.0BA | 2BR,1BA | $0.74 |
| 6th Dimension Apartments | 2 Bedroom | 2BR,1BA | $1.10 |
| Kelley Creek | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.02 |
| Lakeside | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.12 |
| Village at Kearney Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.21 |
| Allura Gardens Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.47 |
| South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $1.36 |
| Loomis Apartment Homes | Furnished 1-Bedroom | 1BR,1BA | $1.54 |
| The Preston | 1-Bedroom | 1BR,1BA | $1.40 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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, NE Rentals by Map
See the most popular apartments and homes in Elwood, NE
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 $699 at The Preston.
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 Village at Kearney Apartments and starts from $955.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

