Cheap Apartments for Rent in Elwood, IN from $600 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Elwood.

Showing Results 1-35, 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 $695. 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$695
Lincolnwood Apartments1BR/1BA1BR,1BA$700
Harter House Anderson LLCRoseStudio,1BA$749
Fox Acres Apartments1 Bed Room1BR,1BA$755
North Pointe Commons1BR/1BA1BR,1BA$775
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Cedar Ridge TownhomesThe Hickory1BR,1BA$809
Villages on Madison Apartments2x12BR,1BA$824
410 - WINDING BROOK APARTMENTS1 Bedroom - 2nd Floor1BR,1BA$829

Best Value Apartments for Rent in Elwood, IN and Nearby

As of April 16, 2025 the best value apartment in the Elwood area is the $1.12 price per square foot 2 Beds, 2 Baths Model at Tin Plate Apartments in the starting from $1,195. 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.
Tin Plate Apartments2 Beds, 2 Baths2BR,2BA$1.12
Rivers Edge Apartments I & II2 BD 1.5 Bath2BR,1.5BA$1.23
Cedar Ridge TownhomesThe Walnut2BR,1.5BA$1.07
Hoosier Woods Apartments2x2 60%2BR,2BA$0.99
ApplecreekThe Jonathan.2BR,2BA$1.20
Villages on Madison Apartments2x1 R2BR,1BA$1.17
Turnberry Square Apartments2 bed/2 bath2BR,2BA$1.19
Fox Acres Apartments1 Bed Room1BR,1BA$1.01
2930 Albright1 Bed1BR,1BA$1.16
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

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Pet Friendly Lifestyle
Elwood, IN

Ranked #72

Among cities in Indiana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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See the most popular apartments and homes in Elwood, IN

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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 $790 at Lincolnwood Apartments.

What is the most affordable Elwood Three Bedroom Apartment?

The best deal on a cheap Elwood Three Bedroom Apartment rental is at Turnberry Square Apartments and starts from $1,040.

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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords & 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.

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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.

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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.