Cheap Apartments for Rent near Elwood, NY from $1,600 (32 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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6 Helen Pl, Unit B
$2,150

Total Monthly Price

Base Rent$2,150
Total Monthly Price$2,150
1 Bedroom Apartment Available Now

6 Helen Pl, Unit B

6 Helen PlHuntington Station, NY 11746
Affordability
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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property at 2 Rocco Dr
$2,500

Total Monthly Price

Base Rent$2,500
Total Monthly Price$2,500
1 Bedroom, 1 Bath Condo for Rent
Available Now

2 Rocco Dr

East NorthportNY11731

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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Showing Results 1-32, Page 1 of 1

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 $2,155. 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$2,155
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
Zen Long Island at Wheatley Heights 55+ CommunityArchdale1BR,1BA$2,280
Mayfair GardensJunior 1 Bedroom1BR,1BA$2,350
Fairfield At New England VillageThe Regent Lower1BR,1BA$2,395
Fairfield Tudor At North BabylonThe Austen Lower One Bedroom1BR,1BA$2,510
Fairfield Courtyard At Deer ParkThe Park1BR,1BA$2,550

Best Value Apartments for Rent in Elwood, NY and Nearby

As of September 07, 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 C4 Model at Avalon Huntington Station starting at $4,215 with a $3.38 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Cornerstone at Hauppauge 55+ Active Adult Apartment Homes2 Bed 2 Bath Townhome2BR,2BA$3.16
Avalon Huntington StationC43BR,2BA$3.38
Fairfield Knolls At Deer Park 55+LARK Lower End Residence With Porch 2BR 2BTH2BR,2BA$3.33
Fairfield Northport HarborThe Seaside 3-101BR,1BA$3.66
Fairfield At Deer ParkThe Pinehill2BR,1BA$3.34
Maple Crest Apartments at Dix HillsOne Bedroom1BR,1BA$2.83
Willow Lake ApartmentsModel C 1 Bedroom Second Floor1BR,1BA$3.60
Mayfair GardensOne Bedroom1BR,1BA$3.37
Zen Long Island at Wheatley Heights 55+ CommunityArchdale1BR,1BA$3.68
Fairfield Station At Deer ParkThe ReadingStudio ,1BA$3.72

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $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

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.