What is the average rent of an apartment in Elwood, IN?

The average rent of an apartment in Elwood, IN is $848 per month. This is about 57% lower than the national average.

When is the average rent for an apartment 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.

In the last year, the average rent in Elwood, IN was highest in Aug 2025 when it was $1,195 per month.

The average rent of a 1 bedroom apartment in Elwood, IN is $785 per month. That is about $63 less than the cost of a studio apartment.

There are 14 available apartments or condos to rent in Elwood, IN.

Elwood, IN includes zip codes such as: 46036 .

Some nearby cities include: Orestes , Frankton , Hobbs , Windfall , Alexandria . These cities may have more rental options to explore.

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SPECIAL OFFER
PET FRIENDLY
$1,095/mo
2 Beds
2 Baths
Tin Plate Apartments | S 16th St,
Elwood, IN 46036
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$825 - $1,055/mo
1-2 Beds
1 Bath
Duck Creek Apartments | N 13th St,
Elwood, IN 46036
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PET FRIENDLY
$795 - $925/mo
Studio-2 Beds
1 Bath
Pine Grove Apartments | S P St,
Elwood, IN 46036
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PET FRIENDLY
$1,005 - $1,325/mo
1-2 Beds
1-2 Baths
Bison Ridge Estates | Frans Way,
Elwood, IN 46036
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PET FRIENDLY
$935/mo
2 Beds
1 Bath
1775 Antler Ct #514d93e83,
Elwood, IN 46036
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PET FRIENDLY
Contact for price
1 Bed
1 Bath
1802 S Plaza Dr #122,
Elwood, IN 46036
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$805/mo
2 Beds
1 Bath
505 N 20th St #505,
Elwood, IN 46036
$925/mo
1 Bed
1 Bath
480 sqft
317 S Anderson St #3,
Elwood, IN 46036
$725/mo
1 Bed
1 Bath
1805 N C St,
Elwood, IN 46036
PET FRIENDLY
$825/mo
1 Bed
1 Bath
400 sqft
1523 S J St #3,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 Beds
1 Bath
850 sqft
1349 S B St #1,
Elwood, IN 46036
$900/mo
Studio
1 Bath
525 sqft
317 S Anderson St #10,
Elwood, IN 46036
$725/mo
1 Bed
1 Bath
1805 N C St #1,
Elwood, IN 46036
$900 - $925/mo
Studio-1 Bed
1 Bath
317 South Anderson Street | S Anderson St,
Elwood, IN 46036
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Apartments For Rent Near 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 for a apartment stayed about the same in Jul 2026 compared to the previous month. Rent for apartments peaked in Aug 2025.

View as a graph

In July 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.

	1 bed	2 beds	3 beds	4 beds	All
All home types	$831	$1,055	$1,750	—	$913
Townhomes	$850	—	—	—	$850
Apartments and Condos	$725	$1,250	—	—	$725
Houses	—	$599	$1,750	—	$1,595

What is the average rent of an apartment in Elwood, IN?
The average rent of an apartment in Elwood, IN is $848 per month. This is about 57% lower than the national average.
When is the average rent for an apartment 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 for an apartment 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 $785 per month. That is about $63 less than the cost of a studio apartment.
How many apartments or condos are available to rent in Elwood, IN?
There are 14 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.