Cheap Apartments for Rent in Elwood, IN
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Apartments For Rent Near Elwood, IN
We found 30 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 increased in Sep 2026 compared to the previous month. Rent previously peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Oct 2025 | $1,400 |
| Nov 2025 | $1,750 |
| Dec 2025 | $1,535 |
| Jan 2026 | $1,395 |
| Feb 2026 | $1,191 |
| Mar 2026 | $1,180 |
| Apr 2026 | $1,000 |
| May 2026 | $925 |
| Jun 2026 | $935 |
| Jul 2026 | $925 |
| Aug 2026 | $910 |
| Sep 2026 | $1,004 |
Average Rent By Bedroom and Home Type
In September 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $825 | $1,025 | $1,400 | — | $1,025 |
| Apartments and Condos | $500 | $1,025 | $1,400 | — | $1,025 |
| Houses | — | $549 | $1,750 | — | $1,100 |
Frequently Asked Questions about Rentals in Elwood, IN
- What is the average rent of an apartment in Elwood, IN?The average rent of an apartment in Elwood, IN is $971 per month. This is about 50% lower than the national average.
- What are the cheapest months to find an apartment to rent in Elwood, IN?Last year, the cheapest month to find an apartment to rent was May 2025 when it was $856 per month.
- How many cheap apartments are available in Elwood, IN?There are 14 apartments to rent that are cheaper than the city’s average rent of $1,025.
- When is the average rent most expensive in Elwood, IN?In the last year, the average rent in Elwood, IN was highest in Nov 2025 when it was $1,750 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 $825 per month. That is about $50 less than the cost of a studio apartment.
- 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.
View this page in Spanish: Apartamentos baratos en renta en Elwood, IN - 1,429 Rentas | Trulia