Apartments For Rent in Elwood, IL

1 rentals

Apartments For Rent Near Elwood, IL

We found 30 more apartments matching your filters just outside Elwood

What Locals Say about Elwood

  • Adriancorral12
    "This neighborhood is Dope af. Grew up around here and I still love it. Best neighbors and everyone is friendly"
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  • Carolyn F.
    "lots of people walking their dogs, and close to midewin trails. Friendly pet owners. if it's hot someone will offer your dog water."
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Average Rent Trends in Elwood, IL

Rent in Elwood, IL varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Apr 2026.
MonthAverage rent
Feb 2025$1,495
Mar 2025$1,795
Apr 2025$2,300
Aug 2025$1,800
Sep 2025$2,200
Oct 2025$1,800
Nov 2025$1,800
Jan 2026$2,000
Feb 2026$2,430
Mar 2026$2,388
Apr 2026$2,800
May 2026$1,495
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,530$1,495$2,853—$1,495
Apartments and Condos$1,530$1,495——$1,495
Houses——$2,853—$2,853
See more information about local market trends in Elwood, IL

Frequently Asked Questions about Rentals in Elwood, IL

  • What is the average rent of an apartment in Elwood, IL?
    The average rent of an apartment in Elwood, IL is $1,495 per month. This is about 23% lower than the national average.
  • What is the average rent of a house in Elwood, IL?
    The average rent of a house in Elwood, IL is $2,853 per month. This is about 48% higher than the national average.
  • When is the average rent cheapest in Elwood, IL?
    In the last year, the average rent in Elwood, IL was lowest in Jan 2025 when it was $1,495 per month.
  • When is the average rent most expensive in Elwood, IL?
    In the last year, the average rent in Elwood, IL was highest in Apr 2025 when it was $2,300 per month.
  • How many available rental listings are in Elwood, IL?
    There are 2 available rental listings in Elwood, IL.
  • What are some zip codes in Elwood, IL?
    Elwood, IL includes zip codes such as: 60421.
  • What are some cities near Elwood, IL?
    Some nearby cities include: Channahon, Rockdale, Joliet, Symerton, Manhattan. These cities may have more rental options to explore.