Cheap Apartments for Rent in Elmwood, IL from $600 (36 Rentals)

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Cheap Apartments in Elmwood.

Navigating the Rental Market: Tips for First-Time Renters

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301 N Carole Ave
1 Bedroom Apartments

301 N Carole Ave

301 N Carole AveHanna City, IL 61536
Showing Results 1-36, Page 1 of 1

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 $700. Hollow Hills in the Windchime neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $700. Here is today’s list of the most affordable Elmwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Knolls ApartmentsStudioStudio,1BA$700
Hollow HillsStudioStudio,1BA$700
Crescent Creek Apartments1x11BR,1BA$750
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio,1BA$775
The Grove ApartmentsClassic 1 Bed 1 Bath1BR,1BA$800
ASPEN BLUFF APARTMENTSOne Bedroom One Bathroom1BR,1BA$800
Nordic Villa ApartmentsLoft2BR,1BA$825
Brandywine Crossing Apartments1 Bedroom G1BR,1BA$850
Kellogg Place Apartments1 Bed1BR,1BA$875
Westporte ApartmentsWP1B1BR,1BA$880

Best Value Apartments for Rent in Elmwood, IL and Nearby

As of May 05, 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 $1,250 with a $1.19 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$1.19
Hollow Creek IV ApartmentsHCIV22FB2BR,2BA$1.27
Hillcrest Apartments2 BR / 1 BA2BR,1BA$1.12
Crescent Creek Apartments1x11BR,1BA$0.88
Haymeadow ApartmentsFarmstead2BR,1BA$1.10
The Grove ApartmentsModern 1 Bed, 1 Bath1BR,1BA$1.26
Nordic Villa ApartmentsLoft1BR,1BA$1.18
Woods + Meadow ApartmentsStudio Apartment in North PeoriaStudio ,1BA$1.19
Hollow HillsStudioStudio ,1BA$1.08

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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

What is the Cheapest Studio apartment in Elmwood?

Currently the most affordable Cheap Studio Apartment in Elmwood is at Willow Knolls Apartments listed at $700.

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

The lowest price for a Cheap One Bedroom Elmwood Apartment is $750 at Crescent Creek 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 Crescent Creek Apartments.

What is the most affordable Elmwood Three Bedroom Apartment?

The best deal on a cheap Elmwood Three Bedroom Apartment rental is at Hollow Hills and starts from $1,100.

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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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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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.