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

Burlington Place

Lakeside

Village at Kearney Apartments
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105 5th St
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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 | $975 | $675 | $1,350 |
Elwood 1 Bedroom Apartments | $1,123 | $600 | $1,550 |
Elwood 2 Bedroom Apartments | $1,334 | $615 | $2,545 |
Elwood 3 Bedroom Apartments | $1,336 | $900 | $1,890 |
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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. Westside has the second lowest priced unit, which is a 2 Beds apartment currently listed from $615. 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 |
Westside | 2 Bed 1 Bath | 2BR,1BA | $615 |
Burlington Place | 1 Bed 1 Bath | 1BR,1BA | $645 |
Lakeside | 2 Bed 1.5 Bath | 2BR,1BA | $730 |
South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $840 |
Best Value Apartments for Rent in Elwood, NE and Nearby
As of August 04, 2025 the best value apartment in the Elwood area is the $0.92 price per square foot 1715 3rd Ave Model at 1715 3rd Ave, Unit A in the starting from $1,500. The second greatest value Elwood apartment is the 2-Bedroom Model at 832 Flats starting at $975 with a $0.89 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. |
---|---|---|---|
1715 3rd Ave, Unit A | 1715 3rd Ave | 3BR,1BA | $0.92 |
832 Flats | 2-Bedroom | 2BR,1BA | $0.89 |
Village at Kearney Apartments | Three Bedroom Two Bath | 3BR,2BA | $0.92 |
6th Ave Flats | 2-Bedroom | 2BR,2BA | $0.98 |
Lakeside | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.87 |
Westside | 2 Bed 1 Bath | 2BR,1BA | $0.74 |
The Crystal on C Ave | Studio | Studio ,1BA | $1.06 |
Burlington Place | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
Oak View Apartments | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
609 Grant St, Unit #2 | 609 Grant St | Studio ,1BA | $1.13 |
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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
What is the Cheapest Studio apartment in Elwood?
Currently the most affordable Cheap Studio Apartment in Elwood is at The Crystal on C Ave listed at $850.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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.