What's the average rent in Elwood, IN?
Rental Market Trends in Elwood, IN
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SOURCE: TRULIA DATA
Rental market highlights
As of September 2026, the average rent in Elwood, IN is $1,025 per month, which is 47% lower than the national average rent of $1,948 per month.
AVERAGE RENT
$1,025
0.8%$8 increase month-over-month
-26.8%-$375 decrease year-over-year
AVAILABLE RENTALS
24
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $825 |
| 2 Bedrooms | $1,025 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | — |
| All | $1,025 |
As of September 2026, the average rent for a 1 bedroom rental in Elwood, IN is $825 per month, followed by $1,025 for a 2 bedroom rental, and $1,400 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $500 |
| 2 Bedrooms | $1,025 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | — |
| All | $1,025 |
As of September 2026, the average rent for a 1 bedroom apartment in Elwood, IN is $500 per month, followed by $1,025 for a 2 bedroom apartment, and $1,400 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $549 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | — |
| All | $1,100 |
As of September 2026, the average rent for a 2 bedroom house in Elwood, IN is $549 per month, followed by $1,750 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -33% compared to the previous year, which is a $496 decrease.
This year (2026)
Last year (2025)
Rent distribution
81% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $500 to $1,750.
