Zumper
modified
3 Days Ago

Highlights

  • Pet Friendly
  • Prime location
  • Private patio
  • Onsite laundry facilities
  • Lush green space
  • Thoughtfully designed layouts
  • Peaceful apartment community

Location

1802 S Plaza Dr, Elwood, IN 46036, USA
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Contact

Management

Thrive Property Group LLC

Leasing office

(765) 444-2032

Property Overview

Elwood Arms Apartments stands out with a strong Zumper expert rating of 8.6, highlighting its appeal as an excellent rental option. With top marks for pricing (10/10) and amenities (9/10), it offers a competitive balance of value and a premier living experience. Additionally, its prime location (9/10) ensures easy access to key points of interest, while a trustworthiness rating of 8/10 reflects transparency in its property descriptions.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.4
Very Good
With a solid 8.4 out of 10 overall, ELWOOD ARMS APARTMENTS is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, ELWOOD ARMS APARTMENTS has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • More space

Great for

  • Pet owners

Floor plans

1 bedroom1 bed1 bath625 sqft$725 /mo8 units availableSpecial offer! Enjoy half off your security deposit when you apply and are approved before April 30th! Welcome home to a peaceful apartment community in the heart of Elwood, where comfort and convenience come together. Surrounded by lush green space, this property offers a serene setting perfect for relaxing after a long day. Our spacious one-bedroom apartments feature thoughtfully designed layouts with beautiful views, giving you plenty of room to live and unwind. Enjoy your own private patio—ideal for morning coffee or evening downtime. Residents also benefit from convenient onsite laundry facilities and a prime location just minutes from local dining, shopping, and everyday essentials. Whether you're looking for tranquility, accessibility, or a place that truly feels like home, this Elwood community has it all.

Let's explore this property.

Amenities for ELWOOD ARMS APARTMENTS

Building

Cats OKDogs OK
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units50
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About ELWOOD ARMS APARTMENTS

HomeApartments in Elwood ELWOOD ARMS APARTMENTS

Special offer! Enjoy half off your security deposit when you apply and are approved before April 30th! Welcome home to a peaceful apartment community in the heart of Elwood, where comfort and convenience come together. Surrounded by lush green space, this property offers a serene setting perfect for relaxing after a long day. Our spacious one-bedroom apartments feature thoughtfully designed layouts with beautiful views, giving you plenty of room to live and unwind. Enjoy your own private patio—ideal for morning coffee or evening downtime. Residents also benefit from convenient onsite laundry facilities and a prime location just minutes from local dining, shopping, and everyday essentials. Whether you're looking for tranquility, accessibility, or a place that truly feels like home, this Elwood community has it all.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very Good
With a solid 8.4 out of 10 overall, ELWOOD ARMS APARTMENTS is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, ELWOOD ARMS APARTMENTS has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated ELWOOD ARMS APARTMENTS
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
ELWOOD ARMS APARTMENTS offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, ELWOOD ARMS APARTMENTS is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
ELWOOD ARMS APARTMENTS is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While ELWOOD ARMS APARTMENTS does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

ELWOOD ARMS APARTMENTS is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 1 pet hospital in the area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How ELWOOD ARMS APARTMENTS compares to other nearby properties.

Positives

More space
The 1-bedroom is 75 sqft larger than other listings nearby

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 2 miles away
Greater distance from high schools
The nearest high school is farther than 2 miles away

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Rent trends in Elwood

1-bedroom apartments at ELWOOD ARMS APARTMENTS cost about 12% less than the average rent price for 1-bedroom apartments in Elwood.

Median rents as of Apr 11 2026.
Elwood
A table of studio rental data trends in Elwood
MonthMedian Rent
June 2024$905
July 2024$925
August 2024$925
September 2024$925
October 2024$925
November 2024$925
December 2024$925
January 2025$925
February 2025$893
March 2025$890
April 2025$850
September 2025$900
October 2025$914
November 2025$1,000
December 2025$1,000
January 2026$725
February 2026$725
March 2026$900
April 2026$900

Affordability calculator

Can I afford to live at 1802 S Plaza Dr?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$29,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $29,000 annually to afford this 1-bedroom monthly rent price of $725.
For more information on rent affordability, visit our rent calculator.

Schools near ELWOOD ARMS APARTMENTS

Elwood Elementary School

940 n 19th st

elwood, IN, 46036

PK, K-2Public
B+

Elwood Intermediate School

1207 n 19th st

elwood, IN, 46036

3-6Public
C

Virtual Preparatory Academy of Indiana at Madison-Grant K-5

11580 s e 00 w

fairmount, IN, 46928

K-5Public
C
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Internet available near ELWOOD ARMS APARTMENTS

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Elwood near 1802 S Plaza Dr

Walking

2/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

2/10
This is semi-bikeable, but you’ll need another way of getting around.

Points of interest for 1802 S Plaza Dr, Elwood

Groceries

0/10
Closest supermarket further than a 30-minute walk

Shopping

1/10
Few or no shops within walking distance

Cafes

1/10
Few or no cafés within walking distance

Restaurants

3/10
Some restaurants within walking distance

Primary schools

0/10
Closest elementary school further than a 30-minute walk

High schools

0/10
Closest high school further than a 30-minute walk

Nightlife

1/10
Few or no bars within walking distance

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