Cheap Apartments for Rent in Elmwood, IL from $600 (31 Rentals)

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

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Elmwood, IL Local Guide

Cheapest Available Elmwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elmwood, IL is a Studio unit found at Willow Knolls Apartments in the Northmoor Knolls neighborhood priced from $610. Woods + Meadow Apartments in the Northmoor Knolls neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Elmwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Knolls ApartmentsStudioStudio,1BA$610
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$750
Crescent Creek Apartments1x11BR,1BA$750
Hollow Hills1 bedroom1BR,1BA$795
301 N Carole Ave1 Bed 1 Bath1BR,1BA$795
Haymeadow ApartmentsSpringhouse1BR,1BA$799
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$800
The Grove ApartmentsClassic 1 Bed 1 Bath1BR,1BA$800
Nordic Villa ApartmentsLoft2BR,1BA$825
Westporte ApartmentsWP1B1BR,1BA$850

Best Value Apartments for Rent in Elmwood, IL and Nearby

As of April 18, 2025 the best value apartment in the Elmwood area is the $1.14 price per square foot 3 Bedroom 2 Bath Model at Eagle Point Apartments in the in the Northmoor Knolls neighborhood starting from $1,550. The second greatest value Elmwood apartment is the 2 Bedroom, 2 Bath Model at Camden Hills Apartments starting at $1,200 with a $1.14 price per square foot in the Northmoor Knolls neighborhood. Here is today’s list of the best values for Elmwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Eagle Point Apartments3 Bedroom 2 Bath2BR,2BA$1.14
Camden Hills Apartments2 Bedroom, 2 Bath2BR,2BA$1.14
Woodsage Apartments2 Bedroom Unit2BR,2BA$1.17
Brandywine Crossing Apartments2 Bedroom 2 Bath2BR,2BA$1.11
Hollow Hills1 bedroom1BR,1BA$0.92
Crescent Creek Apartments1x11BR,1BA$0.88
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.12
301 N Carole Ave1 Bed 1 Bath1BR,1BA$0.99
Haymeadow ApartmentsSpringhouse1BR,1BA$1.11
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.15

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Best Local Schools in
Elmwood, IL

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Getting Around Elmwood, IL

Walk Score®

24 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Elmwood Apartments

How much is rent for a Cheap One Bedroom Elmwood Apartment?

The lowest price for a Cheap One Bedroom Elmwood Apartment is $675 at Willow Knolls Apartments.

What is the lowest price for a Cheap Two Bedroom Elmwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Elmwood is starting from $825 at Nordic Villa Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.