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 June 2026, the average rent in Elwood, IN is $925 per month, which is 52% lower than the national average rent of $1,930 per month.
AVERAGE RENT
$925
2.8%$25 increase month-over-month
0.0%No change year over year
AVAILABLE RENTALS
26
APARTMENTS
HOUSES
TOWNHOUSES
As of June 2026, apartments are the most affordable rental option in Elwood, IN at $838 per month, while townhomes are the most expensive at $1,695 per month. Houses average $1,695 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $725 |
| 2 Bedrooms | $973 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | — |
| All | $925 |
As of June 2026, the average rent for a 1 bedroom rental in Elwood, IN is $725 per month, followed by $973 for a 2 bedroom rental, and $1,750 for a 3 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $1,695 |
| 4 Bedrooms | — |
| All | $1,695 |
As of June 2026, the average rent for a 3 bedroom townhome in Elwood, IN is $1,695 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $725 |
| 2 Bedrooms | $1,350 |
| 3 Bedrooms | $415 |
| 4 Bedrooms | — |
| All | $900 |
As of June 2026, the average rent for a 1 bedroom apartment in Elwood, IN is $725 per month, followed by $1,350 for a 2 bedroom apartment, and $415 for a 3 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $925 |
| 3 Bedrooms | $1,750 |
| 4 Bedrooms | — |
| All | $1,695 |
As of June 2026, the average rent for a 2 bedroom house in Elwood, IN is $925 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 -9% compared to the previous year, which is a $90 decrease.
This year (2026)
Last year (2025)
Rent distribution
52% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $599 to $1,750.
