Elwood IN Apartments
16 rentals
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Use arrow keys to navigatePET FRIENDLY$1,005 - $1,325/mo
1-2 Beds
1-2 BathsBison Ridge Estates | 9401 Frans Way #b036bab6e,
Elwood, IN 46036
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PET FRIENDLY$675 - $725/moStudio-1 Bed1 Bath902 S Anderson St Elwood | 902 S Anderson St #11448996,
Elwood, IN 46036
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Apartments For Rent Near Elwood, IN
We found 2 more apartments matching your filters just outside Elwood
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Average Rent Trends in Elwood, IN
Rent in Elwood, IN 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 Aug 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $900 |
| Jul 2025 | $1,048 |
| Aug 2025 | $1,195 |
| Sep 2025 | $1,174 |
| Oct 2025 | $862 |
| Nov 2025 | $1,028 |
| Dec 2025 | $983 |
| Jan 2026 | $974 |
| Feb 2026 | $850 |
| Mar 2026 | $907 |
| Apr 2026 | $895 |
| May 2026 | $863 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $725 | $1,025 | $1,750 | — | $921 |
| Townhomes | — | — | $1,695 | — | $1,695 |
| Apartments and Condos | $725 | $1,350 | — | — | $799 |
| Houses | — | $599 | $1,750 | — | $1,616 |
Frequently Asked Questions about Apartments and Condos for rent in Elwood, IN
- What is the average rent of an apartment in Elwood, IN?The average rent of an apartment in Elwood, IN is $825 per month. This is about 57% lower than the national average.
- When is the average rent cheapest in Elwood, IN?In the last year, the average rent in Elwood, IN was lowest in Feb 2025 when it was $852 per month.
- When is the average rent most expensive in Elwood, IN?In the last year, the average rent in Elwood, IN was highest in Aug 2025 when it was $1,195 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in Elwood, IN?The average rent of a 1 bedroom apartment in Elwood, IN is $783 per month. That is about $5 less than the cost of a studio apartment.
- How many apartments or condos are available to rent in Elwood, IN?There are 16 available apartments or condos to rent in Elwood, IN.
- What are some zip codes in Elwood, IN?Elwood, IN includes zip codes such as: 46036.
- What are some cities near Elwood, IN?Some nearby cities include: Orestes, Frankton, Hobbs, Windfall, Alexandria. These cities may have more rental options to explore.