Cheap Houses for Rent in Elwood, IL

2 rentals

  • 310 S Lincoln St, Elwood, IL 60421
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    APPLY INSTANTLY
    PET FRIENDLY
    $1,875/mo
    2 Beds
    1 Bath
    800 sqft
    310 S Lincoln St,
    Elwood, IL 60421
  • 306 S Lincoln St, Elwood, IL 60421
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    APPLY INSTANTLY
    PET FRIENDLY
    $1,875/mo
    3 Beds
    1 Bath
    900 sqft
    306 S Lincoln 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 for a house decreased in Jul 2026 compared to the previous month. Rent for houses 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$2,857
Jul 2026$2,100
View as a graph

Average Rent By Bedroom and Home Type

In July 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
1 bed2 beds3 beds4 bedsAll
All home types—$1,495$2,100—$1,495
Apartments and Condos—$1,495——$1,495
Houses—$1,875$2,100—$2,100
See more information about local market trends in Elwood, IL

Frequently Asked Questions about Houses for rent in Elwood, IL

  • What is the average rent of a house in Elwood, IL?
    The average rent of a house in Elwood, IL is $2,100 per month. This is about 7% higher than the national average.
  • When is the average rent for a house cheapest in Elwood, IL?
    In the last year, the average rent in Elwood, IL was lowest in Jan 2025 when it was $1,600 per month.
  • When is the average rent for a house 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 does the rent of a 3 bedroom house compare to a 2 bedroom house in Elwood, IL?
    The average rent of a 3 bedroom house in Elwood, IL is $2,100 per month. That is about $225 more than the cost of a 2 bedroom house.
  • How many houses are available to rent in Elwood, IL?
    There are 1 available houses to rent 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.
View this page in Spanish: Casas baratas en renta en Elwood, IL - 731 Rentas | Trulia