What's the average rent in Elwood, IL?
Rental Market Trends in Elwood, IL
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SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Elwood, IL is $1,495 per month, which is 22% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$1,495
-46.6%-$1,303 decrease month-over-month
-35.0%-$805 decrease year-over-year
AVAILABLE RENTALS
2
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,495 |
| 3 Bedrooms | $2,853 |
| 4 Bedrooms | — |
| All | $1,495 |
As of May 2026, the average rent for a 2 bedroom rental in Elwood, IL is $1,495 per month, followed by $2,853 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,495 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,495 |
As of May 2026, the average rent for a 2 bedroom apartment in Elwood, IL is $1,495 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,853 |
| 4 Bedrooms | — |
| All | $2,853 |
As of May 2026, the average rent for a 3 bedroom house in Elwood, IL is $2,853 per month.
Average rent trends and rent ranges
Average rent price over time
This year (2026)
Last year (2025)
Rent distribution
50% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $1,495 to $2,845.
