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.

When is the average rent cheapest in Elwood, IN?

In the last year, the average rent in Elwood, IN was lowest in May 2025 when it was $856 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 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.

How many available rental listings are in Elwood, IN?

There are 24 available rental listings 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.

Elwood, IN Apartments For Rent

54 rentals

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SPECIAL OFFER
PET FRIENDLY
$1,850/mo
Total price
2 Beds
2 Baths
1200 Commerce Dr #103,
Pendleton, IN 46064
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PET FRIENDLY
$1,295/mo
2 Beds
2 Baths
311 S 16th St #106B,
Elwood, IN 46036
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NEW - 1 DAY AGO
PET FRIENDLY
$800/mo
1 Bed
1 Bath
ELWOOD ARMS APARTMENTS | 1802 S Plaza Dr,
Elwood, IN 46036
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PET FRIENDLY
$1,372 - $1,766/mo
1-3 Beds
1-2 Baths
Hamilton Station Apartments | 101 Shamrock Cir,
Pendleton, IN 46064
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SPECIAL OFFER
$720 - $1,095/mo
Studio-2 Beds
1-2 Baths
Duck Creek Apartments | 239 N 13th St,
Elwood, IN 46036
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PET FRIENDLY
$795 - $925/mo
Studio-2 Beds
1 Bath
Pine Grove Apartments | 3033 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 | 9401 Frans Way,
Elwood, IN 46036
PET FRIENDLY
$1,629/mo
2 Beds
1 Bath
Summerlake Meadows | 9050 W 800 S,
Pendleton, IN 46064
PET FRIENDLY
$935/mo
2 Beds
1 Bath
1775 Antler Ct #514d93e83,
Elwood, IN 46036
PET FRIENDLY
INCOME RESTRICTED
$1,125/mo
2 Beds
1 Bath
201 Ashwood Dr #e701f9cc5,
Pendleton, IN 46064
NEW - 1 DAY AGO
APPLY INSTANTLY
$1,700/mo
3 Beds
2.5 Baths
2,000 sqft
9632 W 1050 N,
Elwood, IN 46036
APPLY INSTANTLY
$2,150/mo
4 Beds
2.5 Baths
1,923 sqft
9755 Oak Grove Dr,
Pendleton, IN 46064
APPLY INSTANTLY
PET FRIENDLY
$1,599/mo
4 Beds
2 Baths
1,484 sqft
219 Pearl St,
Pendleton, IN 46064
PET FRIENDLY
$1,750/mo
3 Beds
2.5 Baths
1,762 sqft
1017 N 9th St,
Elwood, IN 46036
PET FRIENDLY
$1,990/mo
3 Beds
2.5 Baths
1,703 sqft
8134 Ridge Line Dr,
Pendleton, IN 46064
PET FRIENDLY
$1,990/mo
3 Beds
2.5 Baths
1,849 sqft
8125 Ridge Line Dr,
Pendleton, IN 46064
PET FRIENDLY
$1,990/mo
3 Beds
2.5 Baths
1,703 sqft
8133 Ridge Line Dr,
Pendleton, IN 46064
PET FRIENDLY
$1,990/mo
3 Beds
2.5 Baths
1,703 sqft
8109 Ridge Line Dr,
Pendleton, IN 46064
PET FRIENDLY
$2,800/mo
4 Beds
2.5 Baths
3,190 sqft
8861 Springbrook Dr,
Pendleton, IN 46064
PET FRIENDLY
$1,990/mo
3 Beds
2.5 Baths
1,849 sqft
8087 Ridge Line Dr,
Pendleton, IN 46064
PET FRIENDLY
$1,990/mo
3 Beds
2.5 Baths
1,703 sqft
8149 Ridge Line Dr,
Pendleton, IN 46064
PET FRIENDLY
$1,990/mo
3 Beds
2.5 Baths
1,849 sqft
8150 Ridge Line Dr,
Pendleton, IN 46064
PET FRIENDLY
$1,990/mo
3 Beds
2.5 Baths
1,849 sqft
8141 Ridge Line Dr,
Pendleton, IN 46064
PET FRIENDLY
$1,920/mo
4 Beds
2.5 Baths
1,898 sqft
8259 S Shady Trail Dr,
Pendleton, IN 46064
PET FRIENDLY
$2,150/mo
4 Beds
2.5 Baths
1,923 sqft
9739 Oak Grove Dr,
Pendleton, IN 46064
APPLY INSTANTLY
PET FRIENDLY
$1,400/mo
3 Beds
1 Bath
609 Main St #1,
Elwood, IN 46036
APPLY INSTANTLY
PET FRIENDLY
$1,100/mo
3 Beds
1 Bath
609 Main St #2,
Elwood, IN 46036
APPLY INSTANTLY
PET FRIENDLY
$1,695/mo
3 Beds
2 Baths
1,033 sqft
2401 S A St #1,
Elwood, IN 46036
APPLY INSTANTLY
PET FRIENDLY
FURNISHED
ROOM FOR RENT
$795/mo
3 Beds
3 Baths
Room for rent
9134 W Paddleboat Ln,
Pendleton, IN 46064
APPLY INSTANTLY
PET FRIENDLY
$2,300/mo
4 Beds
3 Baths
2,203 sqft
9760 Oak Grove Dr,
Pendleton, IN 46064
APPLY INSTANTLY
FURNISHED
$2,500/mo
5 Beds
3 Baths
2,740 sqft
8605 Strabet Dr,
Pendleton, IN 46064
APPLY INSTANTLY
PET FRIENDLY
$921/mo
3 Beds
2 Baths
960 sqft
225 Tamara Ln,
Pendleton, IN 46064
APPLY INSTANTLY
PET FRIENDLY
$1,100/mo
2 Beds
1 Bath
1,092 sqft
1623 S K St,
Elwood, IN 46036
APPLY INSTANTLY
PET FRIENDLY
$900/mo
2 Beds
1 Bath
768 sqft
218 Tamara Ln #218,
Pendleton, IN 46064
APPLY INSTANTLY
PET FRIENDLY
$949/mo
3 Beds
3 Baths
1,056 sqft
215 Tamara Ln #215,
Pendleton, IN 46064
APPLY INSTANTLY
$500/mo
1 Bed
1 Bath
960 sqft
609 Main St #3,
Elwood, IN 46036
PET FRIENDLY
$900/mo
2 Beds
1 Bath
1,056 sqft
226 Tamara Ln #226,
Pendleton, IN 46064
PET FRIENDLY
$1,084/mo
3 Beds
2 Baths
960 sqft
132 Gregory Dr,
Pendleton, IN 46064
NEW - 2 DAYS AGO
$800/mo
1 Bed
1 Bath
1831 N C St,
Elwood, IN 46036
$2,700/mo
4 Beds
3 Baths
1,961 sqft
635 Blackrock Dr,
Pendleton, IN 46064
Explore by feature - Air Conditioning
6 rentals with air conditioning in Elwood, IN
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #3,
Elwood, IN 46036
$1,200/mo
2 bd
1 ba
750 sqft
317 S Anderson St #11,
Elwood, IN 46036
PET FRIENDLY
$1,025/mo
2 bd
1 ba
663 sqft
2315 Main St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #1,
Elwood, IN 46036
$800/mo
1 ba
525 sqft
317 S Anderson St #10,
Elwood, IN 46036
Explore by feature - Pet Friendly
6 pet-friendly rentals in Elwood, IN
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #3,
Elwood, IN 46036
PET FRIENDLY
$1,100/mo
2 bd
1 ba
605 sqft
3146 Independence Dr S,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #1,
Elwood, IN 46036
PET FRIENDLY
$1,595/mo
3 bd
2 ba
1,208 sqft
9569 W Constellation Dr,
Pendleton, IN 46064
PET FRIENDLY
$549/mo
2 bd
1 ba
672 sqft
1620 S G St,
Elwood, IN 46036
Explore by feature - Air Conditioning
6 rentals with air conditioning in Elwood, IN
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #3,
Elwood, IN 46036
$1,200/mo
2 bd
1 ba
750 sqft
317 S Anderson St #11,
Elwood, IN 46036
PET FRIENDLY
$1,025/mo
2 bd
1 ba
663 sqft
2315 Main St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #1,
Elwood, IN 46036
$800/mo
1 ba
525 sqft
317 S Anderson St #10,
Elwood, IN 46036
Explore by feature - Pet Friendly
6 pet-friendly rentals in Elwood, IN
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #3,
Elwood, IN 46036
PET FRIENDLY
$1,100/mo
2 bd
1 ba
605 sqft
3146 Independence Dr S,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #1,
Elwood, IN 46036
PET FRIENDLY
$1,595/mo
3 bd
2 ba
1,208 sqft
9569 W Constellation Dr,
Pendleton, IN 46064
PET FRIENDLY
$549/mo
2 bd
1 ba
672 sqft
1620 S G St,
Elwood, IN 46036
Explore by feature - Air Conditioning
6 rentals with air conditioning in Elwood, IN
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #3,
Elwood, IN 46036
$1,200/mo
2 bd
1 ba
750 sqft
317 S Anderson St #11,
Elwood, IN 46036
PET FRIENDLY
$1,025/mo
2 bd
1 ba
663 sqft
2315 Main St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #1,
Elwood, IN 46036
$800/mo
1 ba
525 sqft
317 S Anderson St #10,
Elwood, IN 46036
Explore by feature - Pet Friendly
6 pet-friendly rentals in Elwood, IN
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #3,
Elwood, IN 46036
PET FRIENDLY
$1,100/mo
2 bd
1 ba
605 sqft
3146 Independence Dr S,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #1,
Elwood, IN 46036
PET FRIENDLY
$1,595/mo
3 bd
2 ba
1,208 sqft
9569 W Constellation Dr,
Pendleton, IN 46064
PET FRIENDLY
$549/mo
2 bd
1 ba
672 sqft
1620 S G St,
Elwood, IN 46036
Explore by feature - Air Conditioning
6 rentals with air conditioning in Elwood, IN
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #3,
Elwood, IN 46036
$1,200/mo
2 bd
1 ba
750 sqft
317 S Anderson St #11,
Elwood, IN 46036
PET FRIENDLY
$1,025/mo
2 bd
1 ba
663 sqft
2315 Main St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #1,
Elwood, IN 46036
$800/mo
1 ba
525 sqft
317 S Anderson St #10,
Elwood, IN 46036
Explore by feature - Pet Friendly
6 pet-friendly rentals in Elwood, IN
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #2,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #3,
Elwood, IN 46036
PET FRIENDLY
$1,100/mo
2 bd
1 ba
605 sqft
3146 Independence Dr S,
Elwood, IN 46036
PET FRIENDLY
$1,250/mo
2 bd
1 ba
850 sqft
1349 S B St #1,
Elwood, IN 46036
PET FRIENDLY
$1,595/mo
3 bd
2 ba
1,208 sqft
9569 W Constellation Dr,
Pendleton, IN 46064
PET FRIENDLY
$549/mo
2 bd
1 ba
672 sqft
1620 S G St,
Elwood, IN 46036

What Locals Say about Elwood

Theresa H.
Resident
6y ago
"Small town with people who tend to spend their whole lives here. The neighbors are friendly, and keep to themselves. We have brand new sidewalks that made walking through town excellent. The parks are well-maintained as well."
4
Flag
Ashley B.
Prev. Resident
6y ago
"Dogs are very welcome. The community is very open to dog breeds no matter the size. People walk their dogs all the time. "
2
Flag
Jessica W.
Resident
6y ago
"Lived here all my life. Now work at the elementary school I attended. Only a 5 minute drive back and forth to work. A great little town."
1
Flag
Mrw700
Resident
6y ago
"I've lived here most of my life and it's not to bad of a place. they do a really nice Christmas display. "
1
Flag
Sara
Resident
7y ago
"Lots of parks and open green areas for kids to play in. Very safe and no worries when my son plays in the neighborhood."
1
Flag
Cdjeffries2002
Prev. Resident
8y ago
"Very quiet neighborhood with great neighbors! Alot of older neighbors and everyone steps up to help them out in bad, winter weather, raking leaves and mowing. Also, neighborhood is close to downtown, 1 mile north, and 3 blocks from restaurants, gas station and dollar general."
3
Flag
Debbiekarch
Resident
8y ago
"This town is very friendly. It’s a quiet and slow paced town. People look out for their neighbors. Traffic is light. "
1
Flag
Scott F.
Resident
8y ago
"15 yrs here, quiet, friendly neighbors ice cream shop across the alley in back, just outgrowing this house with an expanding family "
3
Flag

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

View as a graph

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

See more information about local market trends in Elwood, IN

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.
When is the average rent cheapest in Elwood, IN?
In the last year, the average rent in Elwood, IN was lowest in May 2025 when it was $856 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 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.
How many available rental listings are in Elwood, IN?
There are 24 available rental listings 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.

View this page in Spanish: Elwood, IN Apartments For Rent - 81 Rentals | Trulia

This page was last updated with listings on Sep 25, 2026 1:28 PM PDT

Elwood, IN Apartments For Rent

54 rentals

Explore by feature - Air Conditioning

Explore by feature - Pet Friendly

Explore by feature - Air Conditioning

Explore by feature - Pet Friendly

Explore by feature - Air Conditioning

Explore by feature - Pet Friendly

Explore by feature - Air Conditioning

Explore by feature - Pet Friendly

What Locals Say about Elwood

Average Rent Trends in Elwood, IN

Average Rent By Bedroom and Home Type

Frequently Asked Questions about Rentals in Elwood, IN

Nearby Rentals

Nearby Zip Codes

Popular Cities in Indiana

Neighborhoods near Elwood

Elwood Rental Type

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