Cheap Apartments for Rent in Elwin, IL from $400 (25 Rentals)

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Cheap Apartments in Elwin.

Navigating the Rental Market: Tips for First-Time Renters

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Butler Place
2 Bedroom Apartments

Butler Place

3100 Butler StSpringfield, IL 62703
  • Utilities Included

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Elwin, IL Local Guide

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 ListingModel NameBed/BathPriced From
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$421
Rider Place1 Bedroom1BR,1BA$500
Moundford TerraceEfficiencyStudio,1BA$575
Stones Crossing ApartmentsNice one bedroom efficiency apartment1BR,1BA$625
The Hickcox CollectionThe HickoxStudio,1BA$628

Best Value Apartments for Rent in Elwin, IL and Nearby

As of May 09, 2025 the best value apartment in the Elwin area is the $0.75 price per square foot Three Bedroom, Two Bath (I) Model at Brainard Landings Apartments in the starting from $900. The second greatest value Elwin apartment is the Townhome Model at Ravenwood Townhomes starting at $875 with a $0.88 price per square foot . Here is today’s list of the best values for Elwin apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brainard Landings ApartmentsThree Bedroom, Two Bath (I)3BR,2BA$0.75
Ravenwood TownhomesTownhome2BR,1.5BA$0.88
Timber CoveThe Whitehall2BR,1BA$0.95
Decatur Flats Apartments2BR/1.0BA2BR,1BA$0.86
Denison PlaceOne Bedroom1BR,1BA$0.84
Cobblestone ApartmentsCobblestone 2BD2BR,1BA$1.06
Lincoln Tower Apartments1 Bed 1 Bath1BR,1BA$1.07
Safe Harbor PropertiesStudioStudio ,1BA$1.08
RESERVE AT LAKEVIEWOne Bedroom One Bathroom1BR,1BA$0.69
Rider Place1 Bedroom1BR,1BA$0.92

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Elwin, IL Rentals by Map

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See the most popular apartments and homes in Elwin, IL

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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 Moundford Terrace listed at $575.

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 $630 at Rider Place.

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.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

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.