
Cheap Homes for Rent near Elwood, NJ from $1,700 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.


15 W Redwood Ave

26 Colonial Ct

400 N Packard St

56 A Oxford Village
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.

203 Colonial Ct

610 Noahs Rd

144 Club Pl

217 Colonial Ct

100 Colonial Ct
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.

49 Pheasant Meadow Dr

550 Central Ave

23 Memphis Ct

108 E Pacific Ave

1511 Railroad Ave
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.

137 Heather Croft

310 Heather Croft
Elwood, NJ 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 | $2,089 | $1,700 | $2,800 |
| Elwood 3 Bedroom Homes for Rent | $2,658 | $1,700 | $3,950 |
| Elwood 4 Bedroom Homes for Rent | $3,174 | $2,600 | $4,250 |
| Elwood 6 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Top Homes for Rent in Elwood
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Elwood, NJ Local Guide
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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 |
Best Value Apartments for Rent in Elwood, NJ and Nearby
As of July 08, 2026 the best value apartment in the Elwood area is the $1.67 price per square foot Banyan III Model at Evergreen at Timber Glen in the in the Northwestern Atlantic City neighborhood starting from $2,832. The second greatest value Elwood apartment is the Two Bedroom 2 Bath - 1,175 sqft Model at The Landings Apartment Homes starting at $2,050 with a $1.74 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Evergreen at Timber Glen | Banyan III | 3BR,2.5BA | $1.67 |
| The Landings Apartment Homes | Two Bedroom 2 Bath - 1,175 sqft | 2BR,2BA | $1.74 |
| Oak Valley Apartments | One Bedroom Second Floor | 1BR,1BA | $1.76 |
| Chestnut Court Apartments | Two Bedroom Chestnut Court | 2BR,1BA | $1.81 |
| Regency East | 1 Bedroom | 1BR,1BA | $1.69 |
| Spring Garden Apartments | 1 Bedroom Spring Gardens | 1BR,1BA | $1.91 |
| 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 |
| Deer Park Manor | One Bedroom | 1BR,1BA | $1.96 |
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!
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Frequently Asked Questions about Elwood
What type of rentals are currently available in Elwood?
There are currently 42 Apartments for Rent in Elwood, NJ with pricing that ranges from $630 to $3,620. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $1,700 to $4,250.
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 $1,700 to $4,250 with an average monthly rent of $2,834.
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

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.