Cheap Apartments for Rent in Elwood, IL from $400 (18 Rentals)

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Pine Ridge
1 to 2 Bedroom Apartments

Pine Ridge

1112 Parkwood DrJoliet, IL 60432
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114 N Center St
$1,1501 Bedroom, 1 Bath RentalsAvailable Now

114 N Center St

Joliet, IL 60435
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Elwood, IL Local Guide

Cheapest Available Elwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elwood, IL is a 1 Bed unit found at Stone Falls in the Sunset Point neighborhood priced from $997. Willow Run of Crest Hill in the Sunset Point neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,269. Here is today’s list of the most affordable Elwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stone FallsOne Bedroom, Base Package1BR,1BA$997
Willow Run of Crest Hill1 bedroom1BR,1BA$1,269
The Woodlands of Crest HillCypress1BR,1BA$1,287
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1,309
Twin Oaks West Apartments1 Bedroom 1 Bath1BR,1BA$1,325

Best Value Apartments for Rent in Elwood, IL and Nearby

As of February 11, 2025 the best value apartment in the Elwood area is the $2.35 price per square foot One Bed w/ Den Ranch Model at Orland Ridge Towns and Villas in the in the Meadow Park neighborhood starting from $2,978. The second greatest value Elwood apartment is the Two Bedroom, Luxury Package Model at Stone Falls starting at $1,319 with a $1.45 price per square foot in the Sunset Point neighborhood. Here is today’s list of the best values for Elwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Orland Ridge Towns and VillasOne Bed w/ Den Ranch1BR,1BA$2.35
Stone FallsTwo Bedroom, Luxury Package2BR,1BA$1.45
Timber Pointe ApartmentsElm1BR,1BA$2.30
Highland RidgeB-1x11BR,1BA$2.30
Twin Oaks West Apartments1 Bedroom 1 Bath1BR,1BA$1.66
Tudor Park ApartmentsThree Bedroom One Bathroom3BR,1BA$1.64
HighPoint Community ApartmentsYellowstone1BR,1BA$2.13
Enclave at 127th ApartmentsSheffieldStudio ,1BA$2.26
Willow Run of Crest Hill1 bedroom1BR,1BA$2.12
The Woodlands of Crest HillCypress1BR,1BA$2.13

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Location, Location, Location!

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Getting Around Elwood, IL

Walk Score®

8 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

2 / 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 Elwood Apartments

What is the Cheapest Studio apartment in Elwood?

Currently the most affordable Cheap Studio Apartment in Elwood is at Enclave at 127th Apartments listed at $1,422.

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

The lowest price for a Cheap One Bedroom Elwood Apartment is $997 at Stone Falls.

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

Today's best deal for a Cheap Two Bedroom Apartment in Elwood is starting from $1,297 at Stone Falls.

What is the most affordable Elwood Three Bedroom Apartment?

The best deal on a cheap Elwood Three Bedroom Apartment rental is at Tudor Park Apartments and starts from $1,309.

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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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.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

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Signing Your Apartment Lease: The Basics

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When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

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Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.