
Cheap Apartments for Rent in Elwood, NJ from $600 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Elwood.


Madison Court Apartments

The Arbors on Main Apartments

The Mews at St Mary's

Regency Court

Regency East

Oak Valley Apartments

East Park Apartments
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.

Barclay Apartments

Deer Park Manor

Brentwood Towers

Spring Garden Apartments

MDR Apartments

Maple Jay apartments

Hi View

Landis Terrace
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.

Jefferson Village

Colonial Court Apartments

Harbor Apartments - Egg Harbor NJ

Pleasant Acres

Northridge Townhomes

Vineland Village Apartment Homes

Cologne Gardens

Taylor Woods Apartment Homes
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Landings Apartment Homes

California Apartments

Hammonton Gardens

Laurelton Village Apartments

Cresson Hill

Evergreen at Timber Glen

The Woods at Blue Heron Pines

Chestnut Court 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.

615 White Horse Pike

108 E Pacific Ave

384 White Horse Pike

Pleasant Harbor Apartments

Greenwood Gardens

1130 E Park Ave

15 W Redwood Ave

1134 E Park Ave
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.

1169 Sharp Rd

201 E White Horse Pike

4 Harrington Ln

203 Colonial Ct
Elwood, NJ Local Guide

How much does it cost to rent an apartment in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood Studio Apartments | $1,035 | $1,035 | $1,035 |
| Elwood 1 Bedroom Apartments | $1,764 | $630 | $2,565 |
| Elwood 2 Bedroom Apartments | $2,248 | $1,325 | $3,055 |
| Elwood 3 Bedroom Apartments | $2,692 | $1,750 | $3,380 |
| Elwood 4 Bedroom Apartments | $2,500 | $2,500 | $2,500 |
Browse Top Apartments in Elwood
See all Apartments in ElwoodExplore Elwood
Elwood, NJ Local Guide
- Nearby Cities
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Cheapest Available Elwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Elwood, NJ is a 1 Bed unit found at The Mews at St Mary's in the Brandywine Village neighborhood priced from $1,244. Regency Court in the Garrison Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here is today’s list of the most affordable Elwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Mews at St Mary's | 1 Bed, 1 bath | 1BR,1BA | $1,244 |
| Regency Court | One Bedroom | 1BR,1BA | $1,250 |
| Regency East | 1 Bedroom | 1BR,1BA | $1,300 |
| East Park Apartments | 1 Bedroom | 1BR,1BA | $1,350 |
| Barclay Apartments | One Bedroom | 1BR,1BA | $1,395 |
| Deer Park Manor | One Bedroom | 1BR,1BA | $1,400 |
| Oak Valley Apartments | One Bedroom Second Floor | 1BR,1BA | $1,445 |
| Spring Garden Apartments | 1 Bedroom Spring Gardens | 1BR,1BA | $1,450 |
| MDR Apartments | One Bedroom | 1BR,1BA | $1,450 |
| Hi View | 1 BR | 1BR,1BA | $1,475 |
Best Value Apartments for Rent in Elwood, NJ and Nearby
As of May 24, 2026 the best value apartment in the Elwood area is the $1.76 price per square foot A1 Model at RAVEN'S NEST in the starting from $2,500. The second greatest value Elwood apartment is the House Model at East Park Apartments starting at $2,500 with a $1.79 price per square foot in the Garrison Estates neighborhood. 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. |
|---|---|---|---|
| RAVEN'S NEST | A1 | 2BR,2BA | $1.76 |
| East Park Apartments | House | 4BR,2BA | $1.79 |
| The Woods at Blue Heron Pines | Two Bedroom | 2BR,2BA | $1.80 |
| Evergreen at Timber Glen | Cypress II | 2BR,2BA | $1.70 |
| The Landings Apartment Homes | Two Bedroom 2 Bath - 1,125 sqft | 2BR,2BA | $1.79 |
| Oak Valley Apartments | One Bedroom Second Floor | 1BR,1BA | $1.76 |
| Regency East | 1 Bedroom | 1BR,1BA | $1.69 |
| Regency Court | One Bedroom | 1BR,1BA | $1.65 |
| Barclay Apartments | One Bedroom | 1BR,1BA | $1.86 |
| The Mews at St Mary's | 1 Bed, 1 bath | 1BR,1BA | $1.69 |
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 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, NJ Rentals by Map
See the most popular apartments and homes in Elwood, NJ
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 $1,244 at The Mews at St Mary's.
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 $1,600 at Spring Garden 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 $2,250.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.