Cheap Apartments for Rent in Elwood, NY from $1,500 (25 Rentals)

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

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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Elwood, NY Local Guide

Cheapest Available Elwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elwood, NY is a Studio unit found at Fairfield Station At Deer Park in the North Deer Park neighborhood priced from $2,055. Fairfield At Smithtown in the Village of the Branch neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,095. Here is today’s list of the most affordable Elwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fairfield Station At Deer ParkThe ReadingStudio,1BA$2,055
Fairfield At SmithtownThe QuintonStudio,1BA$2,095
Fairfield West At HauppaugeThe Sheffield LowerStudio,1BA$2,205
Fairfield At HauppaugeThe Savoy LowerStudio,1BA$2,210
Maple Crest Apartments at Dix HillsOne Bedroom1BR,1BA$2,275

Best Value Apartments for Rent in Elwood, NY and Nearby

As of August 30, 2025 the best value apartment in the Elwood area is the $3.63 price per square foot Jay Model at Sutton Landing at Commack in the in the Caledonia neighborhood starting from $5,500. The second greatest value Elwood apartment is the Model A 2 Bedroom Terrace First Floor Model at Willow Lake starting at $3,125 with a $2.84 price per square foot in the Village of the Branch 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.
Sutton Landing at CommackJay2BR,2.5BA$3.63
Willow LakeModel A 2 Bedroom Terrace First Floor2BR,2BA$2.84
Fairfield Knolls At Deer Park 55+LARK Lower End Residence With Porch 2BR 2BTH2BR,2BA$3.30
Fairfield Northport HarborThe Seaside 3-101BR,1BA$3.52
The Cornerstone at Hauppauge1 Bed 1 Bath1BR,1BA$3.27
Eagle Rock Apartments at Huntington StationB1 - 2x12BR,1BA$2.95
Maple Crest Apartments at Dix HillsOne Bedroom1BR,1BA$2.83
Fairfield At Deer ParkThe Parkside1BR,1BA$3.24
Mayfair GardensOne Bedroom1BR,1BA$3.37
Fairfield Village At CommackThe Madison II1BR,1BA$3.70

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Getting Around Elwood, NY

Walk Score®

61 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

45 / 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

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 $2,200 at Fairfield Station At Deer Park.

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 $2,675 at Fairfield Station At Deer Park.

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 $3,295.

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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.