
Cheap Apartments for Rent in Elwood, NY from $1,300 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Elwood.


55+ Senior Housing at Brookview Commons

Wyandanch Village

Mayfair Gardens

Zen Long Island at Wheatley Heights 55+ Community
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.

55+ Manor Park Apartments Senior Community

Kings Park Manor Apartments 55 and Older

Fairfield Station At Deer Park

Fairfield At Smithtown

40 Talcott Dr
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.

Fairfield West At Hauppauge

Fairfield At Hauppauge

Renaissance Hills

Maple Crest Apartments at Dix Hills

9A Hemlock Dr
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.

793 Fort Salonga Rd
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 | $2,098 | $1,800 | $2,250 |
| Elwood 1 Bedroom Apartments | $2,729 | $1,325 | $7,500 |
| Elwood 2 Bedroom Apartments | $3,430 | $1,871 | $6,500 |
| Elwood 3 Bedroom Apartments | $3,712 | $2,950 | $4,730 |
| Elwood 4 Bedroom Apartments | $4,875 | $4,750 | $5,000 |
Browse Top Apartments in Elwood
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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 West At Hauppauge | The Sheffield Lower | Studio,1BA | $2,205 |
| Fairfield At Hauppauge | The Savoy Lower | Studio,1BA | $2,210 |
Best Value Apartments for Rent in Elwood, NY and Nearby
As of January 19, 2026 the best value apartment in the Elwood area is the $3.66 price per square foot Two Bedroom Model at The Lofts at Maple & Main in the in the Village of the Branch neighborhood starting from $4,225. 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 $3,495 with a $3.30 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Lofts at Maple & Main | Two Bedroom | 2BR,2BA | $3.66 |
| Fairfield Knolls At Deer Park 55+ | LARK Lower End Residence With Porch 2BR 2BTH | 2BR,2BA | $3.30 |
| Fairfield Northport Harbor | The Seaside 3-10 | 1BR,1BA | $3.56 |
| The Cornerstone at Hauppauge 55+ Active Adult Apartment Homes | 1 Bed 1 Bath | 1BR,1BA | $2.79 |
| Eagle Rock Apartments at Huntington Station | B1 - 2x1 | 2BR,1BA | $2.82 |
| Maple Crest Apartments at Dix Hills | One Bedroom | 1BR,1BA | $2.83 |
| Fairfield At Deer Park | The Parkside | 1BR,1BA | $3.24 |
| 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 | $2.28 |
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 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 $2,675 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 $3,375.
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 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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!