1519 N Raynor Ave
JolietIL60435
Cheap Homes for Rent in Elwood, IL from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.
119 N Hickory St
JolietIL60435
2224 Oneida St
JolietIL60435
112 N Center St
JolietIL60435
704 Campbell St
JolietIL60435
134 S 1st St
WilmingtonIL60481
138 S 1st St
WilmingtonIL60481
144 S 1st St
WilmingtonIL60481
140 S 1st St
WilmingtonIL60481
204 E Washington St
JolietIL60433
312 Bridge St
JolietIL60435
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Elwood, IL Local Guide
Sunrise over field by Claire Y. Martin is licensed under CC BY 2.0
How much does it cost to rent a home in Elwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elwood 2 Bedroom Homes for Rent | $1,972 | $1,200 | $5,000 |
| Elwood 3 Bedroom Homes for Rent | $2,511 | $1,625 | $3,500 |
| Elwood 4 Bedroom Homes for Rent | $2,531 | $1,795 | $3,300 |
Browse Top Homes for Rent in Elwood
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Elwood, IL Local Guide
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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 $949. The Birches in the Breckenridge Cameo neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,190. Here is today’s list of the most affordable Elwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stone Falls | One Bedroom, Base Package | 1BR,1BA | $949 |
| The Birches | 1sr | 1BR,1BA | $1,190 |
| Tudor Park Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1,209 |
| The Woodlands of Crest Hill | White Oak | Studio,1BA | $1,263 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $1,269 |
Best Value Apartments for Rent in Elwood, IL and Nearby
As of March 25, 2025 the best value apartment in the Elwood area is the $2.14 price per square foot Three Bedroom Townhouse DTH Model at Orland Ridge Towns and Villas in the in the Meadow Park neighborhood starting from $3,350. The second greatest value Elwood apartment is the Willowood Model at Redwood Lockport starting at $2,749 with a $1.99 price per square foot in the Cedar Ridge neighborhood. Here is today’s list of the best values for Elwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Orland Ridge Towns and Villas | Three Bedroom Townhouse DTH | 3BR,2.5BA | $2.14 |
| Redwood Lockport | Willowood | 2BR,2BA | $1.99 |
| The Bluffs | 2E | 2BR,2BA | $2.24 |
| Lincoln Station Rowhomes | C1 | 2BR,2BA | $2.27 |
| Village Place Apartments | Sycamore | 2BR,2BA | $2.19 |
| Stone Falls | Two Bedroom, Luxury Package | 2BR,1BA | $1.38 |
| Twin Oaks West Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.66 |
| Tudor Park Apartments | Three Bedroom One Bathroom | 3BR,1BA | $1.64 |
| The Birches | 1xxl | 1BR,1BA | $1.96 |
| Willow Run of Crest Hill | 1 bedroom | 1BR,1BA | $2.12 |
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Frequently Asked Questions about Elwood
What type of rentals are currently available in Elwood?
There are currently 37 Apartments for Rent in Elwood, IL with pricing that ranges from $444 to $5,930. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $1,200 to $5,000.
What is the current price range for Rental Homes in Elwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Elwood ranges from $1,200 to $5,000 with an average monthly rent of $2,110.
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.
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.
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.