
Cheap Homes for Rent near Elwood, NY from $1,900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.


12 Reed Dr

31 Cherrywood Dr
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.

8 Depew St, Unit Bedroom

15 Ingersoll St

1 Hemlock Dr
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 | $3,722 | $2,550 | $6,300 |
| Elwood 3 Bedroom Homes for Rent | $4,500 | $3,400 | $6,000 |
| Elwood 4 Bedroom Homes for Rent | $6,518 | $4,500 | $9,500 |
| Elwood 5 Bedroom Homes for Rent | $9,362 | $3,950 | $10,000+ |
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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 $2,135. 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 | $2,135 |
| Fairfield At Hauppauge | The Savoy Lower | Studio,1BA | $2,235 |
Best Value Apartments for Rent in Elwood, NY and Nearby
As of July 23, 2026 the best value apartment in the Elwood area is the $3.20 price per square foot Cardinal Model at Sutton Landing at Commack in the in the Caledonia neighborhood starting from $5,995. The second greatest value Elwood apartment is the 275 Evergreen Ave Model at 275 Evergreen Ave, Unit main floor starting at $4,600 with a $2.56 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. |
|---|---|---|---|
| Sutton Landing at Commack | Cardinal | 2BR,2.5BA | $3.20 |
| 275 Evergreen Ave, Unit main floor | 275 Evergreen Ave | 4BR,2BA | $2.56 |
| 153 Vernon Valley Rd | 153 Vernon Valley Rd | 3BR,1BA | $2.50 |
| The Cornerstone at Hauppauge 55+ Active Adult Apartment Homes | 1 Bed 1 Bath Loft | 1BR,1BA | $3.17 |
| Fairfield Knolls At Deer Park 55+ | LARK Lower End Residence With Porch 2BR 2BTH | 2BR,2BA | $3.33 |
| Fairfield At Deer Park | The Pinehill | 2BR,1BA | $3.34 |
| Eagle Rock Apartments at Huntington Station | B1 - 2x1 | 2BR,1BA | $2.77 |
| Maple Crest Apartments at Dix Hills | One Bedroom | 1BR,1BA | $2.83 |
| Mayfair Gardens | One Bedroom | 1BR,1BA | $3.37 |
| 107 9th Ave, Unit Lower Level | 107 9th Ave | Studio ,1BA | $3.30 |
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 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!
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Frequently Asked Questions about Elwood
What type of rentals are currently available in Elwood?
There are currently 73 Apartments for Rent in Elwood, NY with pricing that ranges from $1,639 to $6,800. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $1,900 to $18,000.
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 $1,900 to $18,000 with an average monthly rent of $7,410.
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 $4,430, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,400 to $6,000. Four Bedroom Single-Family rentals are also available starting from $4,500 and Four Bedroom Apartments start at $4,600.
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.