Cheap Apartments for Rent in Elwood, IL

1 rentals

  • 110 W Park St, Elwood, IL 60421
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    PET FRIENDLY
    $1,530/mo
    2 Beds
    1 Bath
    110 W Park St,
    Elwood, IL 60421

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Apartments For Rent Near Elwood, IL

We found 30 more apartments matching your filters just outside Elwood

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 increased in Jun 2026 compared to the previous month. Rent previously peaked in Apr 2026.
MonthAverage rent
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
Jun 2026$1,530
View as a graph

Average Rent By Bedroom and Home Type

1 bed2 beds3 beds4 bedsAll
All home types$1,530$1,530——$1,530
Apartments and Condos$1,530$1,530——$1,530
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 $1,530 per month. This is about 22% lower 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 1 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.