
Cheap Apartments for Rent in Elwood, NY from $1,300 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Elwood.


55+ Senior Housing at Brookview Commons

Wyandanch Village

Mayfair Gardens

11 Stan Haven Pl

Zen Long Island at Wheatley Heights 55+ Community

55+ Manor Park Apartments Senior Community

Kings Park Manor Apartments 55 and Older

105 Deer Park Rd
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.

Fairfield Station At Deer Park

Fairfield At Smithtown

Renaissance Hills

4 Orton Dr

Fairfield At Hauppauge

Fairfield West At Hauppauge

Maple Crest Apartments at Dix Hills

Fairfield At New England Village

Fairfield Tudor At North Babylon
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.

500 5th Ave

Total Monthly Price
10 Brompton Pl, Unit A, Unit A

Total Monthly Price
612 4th Ave

Fairfield Courtyard At Deer Park

Fairfield At Deer Park

Total Monthly Price
174 Cedar Rd, Unit CEDAR RD EAST NORTHPO, Unit CEDAR RD EAST NORTHPO

Total Monthly Price
Eagle Rock Apartments at Huntington Station

Fairfield Village At Commack

45 Fairfield Way
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.

Gerard Street Apartments

377 Fort Salonga Rd

7 Grange St

Willow Lake Apartments

1109 Pulaski Rd

19 Railroad St

The Lofts at Maple & Main

Fairfield At Kings Park

Fairfield Northport Village
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.

65 Fairfield Way

793 Fort Salonga Rd

6 Greg Ln

44 Henry St

60 Wheatfield Ln

Northridge Square

1100 New York Avenue

74 Broadway, Unit 74A, Unit 74A

Northridge Building
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.

38 Bayview Ave
Elwood, NY Local Guide

How much does it cost to rent an apartment in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood Studio Apartments | $2,158 | $1,800 | $2,732 |
| Elwood 1 Bedroom Apartments | $2,825 | $1,300 | $5,206 |
| Elwood 2 Bedroom Apartments | $3,624 | $1,871 | $6,800 |
| Elwood 3 Bedroom Apartments | $4,238 | $3,200 | $5,240 |
Browse Top Apartments in Elwood
See all Apartments in ElwoodExplore Elwood
Elwood, NY Local Guide
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Cheapest Available Elwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Elwood, NY is a 1 Bed unit found at Zen Long Island at Wheatley Heights 55+ Community in the North Deer Park neighborhood priced from $1,940. Fairfield Station At Deer Park in the North Deer Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,055. Here is today’s list of the most affordable Elwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Zen Long Island at Wheatley Heights 55+ Community | Archdale | 1BR,1BA | $1,940 |
| Fairfield Station At Deer Park | The Reading | Studio,1BA | $2,055 |
| Fairfield At Smithtown | The Quinton | Studio,1BA | $2,095 |
| Fairfield At Hauppauge | The Savoy Lower | Studio,1BA | $2,210 |
| Fairfield West At Hauppauge | The Sheffield Lower | Studio,1BA | $2,230 |
| Maple Crest Apartments at Dix Hills | One Bedroom | 1BR,1BA | $2,275 |
| Fairfield At New England Village | The Regent Lower | 1BR,1BA | $2,370 |
| Fairfield Tudor At North Babylon | The Austen Lower One Bedroom | 1BR,1BA | $2,435 |
| Mayfair Gardens | One Bedroom | 1BR,1BA | $2,450 |
Best Value Apartments for Rent in Elwood, NY and Nearby
As of April 20, 2026 the best value apartment in the Elwood area is the $3.01 price per square foot 2 Bed 2 Bath Townhome Model at The Cornerstone at Hauppauge 55+ Active Adult Apartment Homes in the in the Courthouse Commons neighborhood starting from $3,781. The second greatest value Elwood apartment is the Penthouse Model at 1090 New York Ave starting at $3,850 with a $3.50 price per square foot in the Caledonia 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. |
|---|---|---|---|
| The Cornerstone at Hauppauge 55+ Active Adult Apartment Homes | 2 Bed 2 Bath Townhome | 2BR,2BA | $3.01 |
| 1090 New York Ave | Penthouse | 2BR,1BA | $3.50 |
| Fairfield Knolls At Deer Park 55+ | LARK Lower End Residence With Porch 2BR 2BTH | 2BR,2BA | $3.33 |
| 10 Brompton Pl, Unit A | 10 Brompton Pl | 1BR,1BA | $2.50 |
| Fairfield At Deer Park | The Pinehill | 2BR,1BA | $3.31 |
| Eagle Rock Apartments at Huntington Station | B1 - 2x1 | 2BR,1BA | $2.76 |
| Maple Crest Apartments at Dix Hills | One Bedroom | 1BR,1BA | $2.83 |
| Mayfair Gardens | One Bedroom | 1BR,1BA | $3.27 |
| Zen Long Island at Wheatley Heights 55+ Community | Archdale | 1BR,1BA | $3.13 |
| 172 Wicks Rd | 172 Wicks Rd | 1BR,1BA | $2.17 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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.
Best Local Schools in Elwood, NY
Harley Avenue Elementary School
Elwood John Glenn High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elwood, NY Rentals by Map
See the most popular apartments and homes in Elwood, NY
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 Fairfield Station At Deer Park listed at $2,055.
How much is rent for a Cheap One Bedroom Elwood Apartment?
The lowest price for a Cheap One Bedroom Elwood Apartment is $1,940 at Zen Long Island at Wheatley Heights 55+ Community.
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 $2,618 at Eagle Rock Apartments at Huntington Station.
What is the most affordable Elwood Three Bedroom Apartment?
The best deal on a cheap Elwood Three Bedroom Apartment rental is at Fairfield Square at Huntington and starts from $3,495.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.