
Cheap Homes for Rent near Elwood, NE from $450 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.


1410 Norris Ave

112 W 10th St

2015 E St

208 Sunrise Rd

903 W 1st St

74980 444th Rd
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.

74978 Road 444

2500 W 24th St

2500 W 24th St

2900 Grand Ave

2900 Grand Ave

702 Maberly St

4664 US-30
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.
Elwood, NE Local Guide

How much does it cost to rent a home in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood 2 Bedroom Homes for Rent | $1,032 | $780 | $1,250 |
| Elwood 3 Bedroom Homes for Rent | $1,159 | $800 | $1,800 |
| Elwood 4 Bedroom Homes for Rent | $1,750 | $1,700 | $1,800 |
| Elwood 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
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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 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 |
Best Value Apartments for Rent in Elwood, NE and Nearby
As of September 11, 2026 the best value apartment in the Elwood area is the $0.96 price per square foot Unit 3L Model at Grandview Apartments in the starting from $1,155. The second greatest value Elwood apartment is the 2 Bed 2 Bath Loft Model at Westside starting at $870 with a $0.82 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. |
|---|---|---|---|
| Grandview Apartments | Unit 3L | 3BR,2BA | $0.96 |
| 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 |
| North Adams Flats | Classic Model | 2BR,1BA | $1.14 |
| Village at Kearney Apartments | Two Bedroom Two Bath | 2BR,2BA | $1.21 |
| South Platte Terrace Apartments | 1 Bedroom | 1BR,1BA | $1.36 |
| 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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Elwood
What type of rentals are currently available in Elwood?
There are currently 47 Apartments for Rent in Elwood, NE with pricing that ranges from $615 to $2,545. There are also 26 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $530 to $1,800.
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 $530 to $1,800 with an average monthly rent of $1,298.
How much are larger Three and Four Bedroom Rentals in Elwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elwood range from $930 to $1,860, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,550.
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.