Cheap Apartments for Rent in Elwood, NJ from $600 (22 Rentals)

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

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.

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Navigating 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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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Elwood, NJ Local Guide

Cheapest Available Elwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elwood, NJ is a Studio unit found at Harbor Apartments - Egg Harbor NJ in the North Main Street neighborhood priced from $1,230. Chestnut Court Apartments in the Garrison Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Elwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Harbor Apartments - Egg Harbor NJ0BR/1.0BAStudio,1BA$1,230
Chestnut Court ApartmentsOne Bedroom Chesnut Ct1BR,1BA$1,300
Regency CourtOne Bedroom1BR,1BA$1,300
Deer Park ManorBasic model One1BR,1BA$1,325
Landis TerraceOne Bedroom1BR,1BA$1,395

Best Value Apartments for Rent in Elwood, NJ and Nearby

As of May 21, 2025 the best value apartment in the Elwood area is the $1.59 price per square foot Banyan III Model at Evergreen at Timber Glen in the in the Cedar Point neighborhood starting from $2,696. The second greatest value Elwood apartment is the Burton Model at Cresson Hill starting at $2,180 with a $1.71 price per square foot in the Mount Pleasant neighborhood. 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.
Evergreen at Timber GlenBanyan III3BR,2.5BA$1.59
Cresson HillBurton2BR,2BA$1.71
Oak Valley ApartmentsTwo Bedroom First floor2BR,1BA$1.56
Taylor Woods Apartment HomesBirch1BR,1BA$1.98
The Landings Apartment HomesOne Bedroom - 900 sqft1BR,1BA$1.88
California Apartments1 Bedroom/ 1 Bathroom Apartment1BR,1BA$1.98
Regency CourtTwo Bedroom2BR,1BA$1.81
Spring Garden Apartments2 Bedroom Spring Gardens2BR,1BA$1.88
Landis TerraceOne Bedroom1BR,1BA$1.86
Deer Park ManorFully Renovated One Bedroom1BR,1BA$2.01

Quick Rent Budget Calculator

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Getting Around Elwood, NJ

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 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 $1,300 at Chestnut Court 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 $1,450 at Chestnut Court Apartments.

What is the most affordable Elwood Three Bedroom Apartment?

The best deal on a cheap Elwood Three Bedroom Apartment rental is at Northridge Townhomes and starts from $2,200.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.