Cheap Apartments for Rent in Elwood, NY from $1,600 (59 Rentals)

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

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.

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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.

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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.

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883 Park Ave, Unit 1
$2,950
Total Monthly Price

Total Monthly Price

Base Rent
$2,950
Total Monthly Price
$2,950
1 Bedroom Apartment Available Now

883 Park Ave, Unit 1

883 Park AveHuntington, NY 11743
property at 408 7th St

$3,100

2 Bedroom Rentals

Available Now

408 7th St

East NorthportNY11731

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.

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793 Fort Salonga Rd
2 Bedroom Apartments

793 Fort Salonga Rd

793 Fort Salonga RdNorthport, NY 11768
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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.

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Elwood, NY Local Guide

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 ListingModel NameBed/BathPriced From
Zen Long Island at Wheatley Heights 55+ CommunityArchdale1BR,1BA$1,940
Fairfield Station At Deer ParkThe ReadingStudio,1BA$2,055
Fairfield At SmithtownThe QuintonStudio,1BA$2,115
Fairfield At HauppaugeThe Savoy LowerStudio,1BA$2,235
Fairfield West At HauppaugeThe Sheffield LowerStudio,1BA$2,255
Maple Crest Apartments at Dix HillsOne Bedroom1BR,1BA$2,275
Fairfield At New England VillageThe Regent Lower1BR,1BA$2,395
Fairfield Tudor At North BabylonThe Austen Lower One Bedroom1BR,1BA$2,485
Eagle Rock Apartments at Huntington StationB1 - 2x12BR,1BA$2,523
Mayfair GardensOne Bedroom1BR,1BA$2,525

Best Value Apartments for Rent in Elwood, NY and Nearby

As of June 06, 2026 the best value apartment in the Elwood area is the $3.16 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 $3,981. The second greatest value Elwood apartment is the LARK Lower End Residence With Porch 2BR 2BTH Model at Fairfield Knolls At Deer Park 55+ starting at $3,530 with a $3.33 price per square foot in the North Deer Park 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.
The Cornerstone at Hauppauge 55+ Active Adult Apartment Homes2 Bed 2 Bath Townhome2BR,2BA$3.16
Fairfield Knolls At Deer Park 55+LARK Lower End Residence With Porch 2BR 2BTH2BR,2BA$3.33
Fairfield At Deer ParkThe Pinehill2BR,1BA$3.34
Eagle Rock Apartments at Huntington StationC1 - 3x13BR,1BA$3.03
190 Old Field Rd190 Old Field Rd1BR,1BA$2.89
Maple Crest Apartments at Dix HillsOne Bedroom1BR,1BA$2.83
Willow Lake ApartmentsModel C 1 Bedroom Second Floor1BR,1BA$3.51
9 Elwin Pl, Unit 9 Elwin Place9 Elwin Pl2BR,1.5BA$3.56
Mayfair GardensOne Bedroom1BR,1BA$3.37
Zen Long Island at Wheatley Heights 55+ CommunityArchdale1BR,1BA$3.13

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.

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Real 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.

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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.

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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 $2,523 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 Eagle Rock Apartments at Huntington Station and starts from $2,883.

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

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.