Bedroom count
Property type
Last updated on January 9, 2026
Average rent in
Elwood, IL
Last updated on January 9, 2026
Last updated on January 9, 2026
Bedroom count
Property type
As of January 2026, the median rent for all bedroom counts and property types in Elwood, IL is $1,562. This is -18%, or $337, lower than the national average.
average price per square foot
Median rent
$1,562
40%Total rentals
14
for rent on Zumper.com
As of January 2026, the median rent for all bedroom counts and property types in Elwood, IL is $1,562. This is -18%, or $337, lower than the national average.
average price per square foot
Rent ranges
Households
Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.
This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Elwood, IL, in the last 30 days, rent estimates may not represent the actual market.
Rent price trends in
Elwood, IL
Rent price trends
Rent prices for all bedroom counts and property types in Elwood, IL have remained the same in the last month and have decreased by 40% in the last year.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Rent comparables in
Elwood, IL
The monthly rent for an apartment in Elwood, IL is $1,775. A 1-bedroom apartment in Elwood, IL costs about $1,200 on average, while a 2-bedroom apartment is $2,345. Houses for rent in Elwood, IL are more expensive, with an average monthly cost of $2,275.
Comparables | ||||
|---|---|---|---|---|
1 bedroom | $1,200 | - | - | |
2 bedroom | $1,750 | No Change | - | |
3 bedroom | $2,180 | No Change | - | |
4 bedroom | $2,950 | No Change |  67% | |
Studio | $1,100 | - | - |
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Elwood, IL.
Comparables | ||||
|---|---|---|---|---|
Apartments | $1,775 | 25% | No Change | |
Condos | $1,525 | - | No Change | |
Houses | $2,275 | No Change | No Change |
Studio
Average rent
$1,100
1 bedroom
Average rent
$1,200
2 bedroom
Average rent
$1,750
3 bedroom
Average rent
$2,180
4 bedroom
Average rent
$2,950
Last year
67%
At this time, we don't have enough active inventory for all rentals to generate data. Please check back soon to see neighborhood rent prices in Elwood, IL.
Apartments
Average rent
$1,775
Last 30 days
25%
Condos
Average rent
$1,525
Houses
Average rent
$2,275
The table above reflects average rent prices in Elwood, IL, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.
Compare rent prices in Elwood, IL to other cities
Median rent prices in Elwood, IL for all bedroom counts and property types compared to Bourbonnais, IL.
Elwood
18%lower than the national median
28%lower than the national median
Takeaway
The median rent for all rentals in Elwood, IL is 14% higher than the median rent in Bourbonnais, IL.
More data insights and reports
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Average rent in
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Discover rentals in Elwood, IL
5d+ ago
House for rent in Elwood
24530 Rowell Avenue, Elwood, IL 60421
4 beds
3 baths
$2,750
House for rent
5d+ ago
House for rent in Elwood
24530 Rowell Avenue, Elwood, IL 60421
4 beds
3 baths
$2,750
House for rent