
Cheap Homes for Rent near Elwood, NY from $1,700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.


31 Cherrywood Dr

206 Dickinson Ave
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.

36 Schiller Ave, Unit 2nd floor

2 Rocco Dr

27 Otsego Ave
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.
Elwood, NY Local Guide

How much does it cost to rent a home in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood 2 Bedroom Homes for Rent | $4,091 | $1,700 | $6,300 |
| Elwood 3 Bedroom Homes for Rent | $5,428 | $3,350 | $10,000+ |
| Elwood 4 Bedroom Homes for Rent | $6,910 | $4,750 | $10,000+ |
| Elwood 5 Bedroom Homes for Rent | $9,112 | $5,200 | $10,000+ |
| Elwood 6 Bedroom Homes for Rent | $6,200 | $6,200 | $6,200 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fairfield Station At Deer Park | The Reading | Studio,1BA | $2,055 |
| Fairfield At Smithtown | The Quinton | Studio,1BA | $2,155 |
| Fairfield At Hauppauge | The Savoy Lower | Studio,1BA | $2,235 |
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 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 | $3.16 |
| Avalon Huntington Station | C4 | 3BR,2BA | $3.38 |
| Fairfield Knolls At Deer Park 55+ | LARK Lower End Residence With Porch 2BR 2BTH | 2BR,2BA | $3.33 |
| Fairfield Northport Harbor | The Seaside 3-10 | 1BR,1BA | $3.66 |
| Fairfield At Deer Park | The Pinehill | 2BR,1BA | $3.34 |
| Maple Crest Apartments at Dix Hills | One Bedroom | 1BR,1BA | $2.83 |
| Willow Lake Apartments | Model C 1 Bedroom Second Floor | 1BR,1BA | $3.60 |
| Mayfair Gardens | One Bedroom | 1BR,1BA | $3.37 |
| Zen Long Island at Wheatley Heights 55+ Community | Archdale | 1BR,1BA | $3.68 |
| Fairfield Station At Deer Park | The Reading | Studio ,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.
Read ArticleNavigating 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.
Read ArticleReal 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.
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 Elwood
What type of rentals are currently available in Elwood?
There are currently 76 Apartments for Rent in Elwood, NY with pricing that ranges from $1,600 to $6,400. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $1,700 to $17,000.
What is the current price range for Rental Homes in Elwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elwood ranges from $1,700 to $17,000 with an average monthly rent of $5,602.
How much are larger Three and Four Bedroom Rentals in Elwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elwood range from $3,200 to $4,825, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,350 to $10,200. Four Bedroom Single-Family rentals are also available starting from $4,750 and Four Bedroom Apartments start at $4,500.
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

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.

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.

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.

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.