Cheap Apartments for Rent in Elwood, IN from $500 (38 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Explore the Best Cheap Apartments in Elwood for Renters Looking for a Great Deal on Lower Cost Rent for the Area.

Showing Results 1-38, Page 1 of 1

Elwood, IN Local Guide

Cheapest Available Elwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Elwood, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior priced from $250. 2930 Albright has the second lowest priced unit, which is a 1 Bed apartment currently listed from $595. Here is today’s list of the most affordable Elwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
2930 Albright1 Bed1BR,1BA$595
Hoosier Woods Apartments1x1 - 60%1BR,1BA$609
Lincolnwood Apartments1BR/1BA1BR,1BA$700
Harter House Anderson LLCRoseStudio,1BA$749
Kingston Green Apartments1 BEDROOM G1BR,1BA$750
Fox Acres Apartments1 Bed Room1BR,1BA$755
North Pointe Commons1BR/1BA1BR,1BA$775
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
410 - WINDING BROOK APARTMENTS1 Bedroom - 2nd Floor1BR,1BA$829

Best Value Apartments for Rent in Elwood, IN and Nearby

As of January 06, 2025 the best value apartment in the Elwood area is the $0.88 price per square foot 3x2 - 60% Model at Hoosier Woods Apartments in the starting from $1,032. The second greatest value Elwood apartment is the 2 BD 1.5 Bath Model at Rivers Edge Apartments I & II starting at $1,199 with a $1.23 price per square foot in the Pebble Brook 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.
Hoosier Woods Apartments3x2 - 60%3BR,2BA$0.88
Rivers Edge Apartments I & II2 BD 1.5 Bath2BR,1.5BA$1.23
Villages on Madison Apartments2x1 R-Prem2BR,1BA$1.23
Timbernest Townhomes1BR/1.5BA1BR,1.5BA$1.09
Fox Acres Apartments1 Bed Room1BR,1BA$1.01
410 - WINDING BROOK APARTMENTS1 Bedroom - 2nd Floor1BR,1BA$1.28
Kingston Green Apartments1 BEDROOM G1BR,1BA$1.23
2930 Albright1 Bed1BR,1BA$0.99
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45
Lincolnwood Apartments1BR/1BA1BR,1BA$1.36

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Best Local Schools in
Elwood, IN

School data provided by Great Schools

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

Explore Elwood, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Elwood, IN

View MapElwood, IN Apartments MapView MapElwood, IN Rental Homes Map

Getting Around Elwood, IN

Walk Score®

31 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Harter House Anderson LLC listed at $749.

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

The lowest price for a Cheap One Bedroom Elwood Apartment is $250 at The Towers at Southdale Affordable Senior.

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 $782 at Hoosier Woods Apartments.

What is the most affordable Elwood Three Bedroom Apartment?

The best deal on a cheap Elwood Three Bedroom Apartment rental is at Hoosier Woods Apartments and starts from $853.

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Navigating the World of Low-Income Housing: A Comprehensive Guide article

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

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

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.

decorative image for Real Estate Term Glossary: Your Guide to The A to Zs of Renting article

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

Written by: Kevin Ready

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.