
Cheap Apartments for Rent in Elwin, IL from $400 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Elwin.


Stones Crossing Apartments

Moundford Terrace

Watch Street

Hunter Glen Apartments

Timber Cove

Woodcrest Apartment Homes

Safe Harbor Properties

Decatur Flats Apartments

Cobblestone Apartments

Brainard Landings Apartments

The Hickcox Collection

West Mound Apartments

Lincoln Tower Apartments

1383 W Main St

305 W Bower St

3124 E Carpenter St

1054 E Clay St

511 W North 2nd St

1014 VANDEVER St

103 S Elder Ln

341 S Haworth Ave
Elwin, IL Local Guide

How much does it cost to rent an apartment in Elwin?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Elwin Studio Apartments | $726 | $575 | $850 |
Elwin 1 Bedroom Apartments | $827 | $500 | $1,350 |
Elwin 2 Bedroom Apartments | $942 | $625 | $1,775 |
Elwin 3 Bedroom Apartments | $1,052 | $675 | $1,551 |
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Elwin, IL Local Guide
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Cheapest Available Elwin Apartments for Rent and Nearby
 The cheapest available apartment rental in Elwin, IL is a 1 Bed unit found at RESERVE AT LAKEVIEW priced from $421. Rider Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $500. Here is today’s list of the most affordable Elwin apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $421 |
Rider Place | 1 Bedroom | 1BR,1BA | $500 |
Stones Crossing Apartments | NO DEPOSIT, 299 FIRST MONTHS RENT MOVES YOU IN!!!! | 1BR,1BA | $550 |
Denison Place | One Bedroom | 1BR,1BA | $675 |
Whispering Pines | 1bed Upgraded | 1BR,1BA | $725 |
Decatur Flats Apartments | 1BR/1.0BA | 1BR,1BA | $725 |
Cobblestone Apartments | Cobblestone 1BD | 1BR,1BA | $750 |
The Hickcox Collection | The Hickox | Studio,1BA | $775 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $799 |
Lake Pointe Apartments | One Bedroom | 1BR,1BA | $830 |
Best Value Apartments for Rent in Elwin, IL and Nearby
As of March 22, 2025 the best value apartment in the Elwin area is the $0.88 price per square foot Townhome Model at Ravenwood Townhomes in the starting from $875. The second greatest value Elwin apartment is the 2 Beds, 1 Baths Model at Butler Place starting at $850 with a $1.06 price per square foot . Here is today’s list of the best values for Elwin apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Ravenwood Townhomes | Townhome | 2BR,1.5BA | $0.88 |
Butler Place | 2 Beds, 1 Baths | 2BR,1BA | $1.06 |
Candles | A1 | 1BR,1BA | $1.10 |
Denison Place | One Bedroom | 1BR,1BA | $0.84 |
Cobblestone Apartments | Cobblestone 2BD | 2BR,1BA | $1.06 |
Lincoln Tower Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.07 |
Decatur Flats Apartments | 1BR/1.0BA | 1BR,1BA | $1.01 |
RESERVE AT LAKEVIEW | One Bedroom One Bathroom | 1BR,1BA | $0.69 |
Stones Crossing Apartments | NO DEPOSIT 399 FIRST MONTHS RENT MOVES YOU IN!!... | 1BR,1BA | $1.07 |
Rider Place | 1 Bedroom | 1BR,1BA | $0.92 |
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Frequently Asked Questions about Cheap Elwin Apartments
What is the Cheapest Studio apartment in Elwin?
Currently the most affordable Cheap Studio Apartment in Elwin is at The Hickcox Collection listed at $775.
How much is rent for a Cheap One Bedroom Elwin Apartment?
The lowest price for a Cheap One Bedroom Elwin Apartment is $421 at RESERVE AT LAKEVIEW.
What is the lowest price for a Cheap Two Bedroom Elwin Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elwin is starting from $507 at RESERVE AT LAKEVIEW.
What is the most affordable Elwin Three Bedroom Apartment?
The best deal on a cheap Elwin Three Bedroom Apartment rental is at Rider Place and starts from $675.
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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.