105 Deer Park Rd
Dix HillsNY11746
Cheap Homes for Rent in Elwood, NY from $2,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.
6 Greg Ln
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.
44 Henry St
Kings ParkNY11754
60 Wheatfield Ln
CommackNY11725
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.
74 Broadway, Unit 74A, Unit 74A
74 Broadway
GreenlawnNY11740
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Elwood, NY Local Guide
Saratoga Springs horse racing by Matt Wade is licensed under CC BY 2.0
How much does it cost to rent a home in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood 2 Bedroom Homes for Rent | $3,763 | $2,500 | $4,900 |
| Elwood 3 Bedroom Homes for Rent | $4,983 | $3,250 | $10,000+ |
| Elwood 4 Bedroom Homes for Rent | $5,890 | $4,000 | $10,000+ |
| Elwood 5 Bedroom Homes for Rent | $6,850 | $6,500 | $7,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 |
Best Value Apartments for Rent in Elwood, NY and Nearby
As of April 21, 2026 the best value apartment in the Elwood area is the $3.01 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 $3,781. The second greatest value Elwood apartment is the Penthouse Model at 1090 New York Ave starting at $3,850 with a $3.50 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 | $3.01 |
| 1090 New York Ave | Penthouse | 2BR,1BA | $3.50 |
| Fairfield Knolls At Deer Park 55+ | LARK Lower End Residence With Porch 2BR 2BTH | 2BR,2BA | $3.33 |
| 10 Brompton Pl, Unit A | 10 Brompton Pl | 1BR,1BA | $2.50 |
| Fairfield At Deer Park | The Pinehill | 2BR,1BA | $3.31 |
| Eagle Rock Apartments at Huntington Station | B1 - 2x1 | 2BR,1BA | $2.76 |
| Maple Crest Apartments at Dix Hills | One Bedroom | 1BR,1BA | $2.83 |
| 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 | $2.17 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
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Best Local Schools in Elwood, NY
Harley Avenue Elementary School
Elwood Union Free School District
Public School - Grades K-5 (0)
0 out of 10
Elwood John Glenn High School
Elwood Union Free School District
Public School - Grades 9-12 (0)
9 out of 10
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 75 Apartments for Rent in Elwood, NY with pricing that ranges from $1,300 to $6,800. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $2,000 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 $2,000 to $18,000 with an average monthly rent of $8,221.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
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.