Bedroom count
Property type
Last updated on July 13, 2026
Average rent in
Elwood, IL
Average rent in
Last updated on July 13, 2026
Bedroom count
Property type
Median rent
Median rent in Elwood
$1,750/mo
30%vs previous year
The average rent in Elwood is $1,750 per month as of July 2026. This is 10% below the national average rent, or $200 less per month.
average price per square foot
Total rentals
Available rentals in Elwood
11
for rent on Zumper.com as of July 2026
Rent price distribution
Share of Elwood rentals at each price point
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 trends in Elwood, IL
Average rent prices in Elwood have remained the same over the last month and have decreased by 30% since last year.
Rent trends
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
Compare rent prices in
Elwood, IL
Rent prices in Elwood vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Elwood is $1,630, whereas a house costs $1,600. 1-bedroom apartments in Elwood run $1,300 on average, while 2-bedroom apartments are $1,900.
Listings | ||||
|---|---|---|---|---|
Studio | $1,299 | - | - | |
1 bedroom | $1,300 | - | - | |
2 bedroom | $1,669 | - | - | |
3 bedroom | $1,800 | No Change | - | |
4 bedroom | $2,995 | No Change |  28% |
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.
Listings | ||||
|---|---|---|---|---|
Apartments | $1,630 | 25% | - | |
Houses | $1,600 | No Change | No Change |
Studio
Average rent
$1,299
1 bedroom
Average rent
$1,300
2 bedroom
Average rent
$1,669
3 bedroom
Average rent
$1,800
4 bedroom
Average rent
$2,995
Last year
28%
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
$1,630
Last 30 days
25%
Houses
Average rent
$1,600
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.
How does rent in Elwood, IL compare to other cities?
Compare median rent prices in Elwood and Bourbonnais by all bedroom counts and property types.
Elwood
10%lower than the national median
15%lower than the national median
Takeaway
The median rent for all rentals in Elwood, IL is 6% higher than the median rent in Bourbonnais, IL.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,649
18%$1,475
65%$1,600
60%$1,695
18%$1,200
$915
9%$1,525
3%$1,995
50%$2,115
4%$1,650
20%$2,862
1%$1,312
7%Stay up to date with rental market insights
Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.
Frequently asked questions for Elwood, IL
Quick answers to common questions about the Elwood rental market.
How much is rent in Elwood?
The average rent in Elwood is $1,750 per month as of July 11, 2026.
Is rent up or down in Elwood?
Average rent prices in Elwood have remained the same over the last month and have decreased by 30% since last year.
How does Elwood rent compare to the national average?
Rent in Elwood is 10% below the national average, which means renters are paying approximately $200 less per month.
What salary do I need to afford rent in Elwood?
To comfortably afford rent in Elwood, you'd need to earn approximately $70,000/year, based on spending no more than 30% of your income on rent.
Methodology
Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.
Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).