317 N Harrison St
AlexandriaIN46001
Cheap Homes for Rent in Elwood, IN from $600 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Elwood.
706 W 23rd St
AndersonIN46016
1504 Halford St
AndersonIN46016
925 Broad St
New CastleIN47362
615 Madison Ave
AndersonIN46016
428 Delaware St
AndersonIN46016
1222 Nichol Ave
AndersonIN46016
1807 Raible Ave
AndersonIN46011
1051 Sycamore St
AndersonIN46016
411 N Sheridan St
AlexandriaIN46001
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.
2826 Apache Dr
AndersonIN46012
5783 W 900 N
FranktonIN46044
508 W 34th St
AndersonIN46013
1514 Dewey St
AndersonIN46016
2103 Arrow Ave
AndersonIN46016
144 Hollywood Blvd
AndersonIN46016
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Elwood, IN Local Guide
Indiana Sunset by Barbara Eckstein 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 | $1,212 | $900 | $1,800 |
| Elwood 3 Bedroom Homes for Rent | $1,255 | $700 | $2,250 |
| Elwood 4 Bedroom Homes for Rent | $2,365 | $1,050 | $3,950 |
Browse Top Homes for Rent in Elwood
Explore Elwood
Elwood, IN Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $250 |
| 2930 Albright | 1 Bed | 1BR,1BA | $695 |
| Lincolnwood Apartments | 1BR/1BA | 1BR,1BA | $700 |
| Hoosier Woods Apartments | 2x2 50% | 2BR,2BA | $743 |
| Harter House Anderson LLC | Rose | Studio,1BA | $749 |
Best Value Apartments for Rent in Elwood, IN and Nearby
As of April 25, 2025 the best value apartment in the Elwood area is the $0.97 price per square foot 2BR/1.5BA Model at Timbernest Townhomes in the starting from $1,095. The second greatest value Elwood apartment is the 2 Beds, 2 Baths Model at Tin Plate Apartments starting at $1,195 with a $1.12 price per square foot . 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. |
|---|---|---|---|
| Timbernest Townhomes | 2BR/1.5BA | 2BR,1.5BA | $0.97 |
| Tin Plate Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.12 |
| Grissom Estates Apartments | Two Bedroom | 2BR,1BA | $1.10 |
| Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $0.99 |
| Applecreek | The Jonathan | 2BR,2BA | $1.20 |
| Villages on Madison Apartments | 2x1 R-Prem | 2BR,1BA | $1.10 |
| Turnberry Square Apartments | 2 bed/2 bath | 2BR,2BA | $1.19 |
| Fox Acres Apartments | 1 Bed Room | 1BR,1BA | $1.01 |
| 2930 Albright | 1 Bed | 1BR,1BA | $1.16 |
| The Towers at Southdale Affordable Senior | 1 Bed/ 1 Bath | 1BR,1BA | $0.45 |
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Frequently Asked Questions about Elwood
What type of rentals are currently available in Elwood?
There are currently 48 Apartments for Rent in Elwood, IN with pricing that ranges from $250 to $3,812. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elwood ranging from $650 to $3,950.
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 $650 to $3,950 with an average monthly rent of $1,396.
How much are larger Three and Four Bedroom Rentals in Elwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Elwood range from $825 to $3,812, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,250. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $850.
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.
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.
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.