Bedroom count
Property type
Last updated on May 27, 2026
Average rent in
Elwood, IL
Average rent in
Last updated on May 27, 2026
Bedroom count
Property type
Median rent
Median rent in Elwood
$2,100/mo
The average rent in Elwood is $2,100 per month as of May 2026. This is 8% above the national average rent, or $150 more per month.
average price per square foot
Total rentals
Available rentals in Elwood
23
for rent on Zumper.com as of May 2026
Rent price distribution
Share of Elwood rentals at each price point
Rent trends in Elwood, IL
Average rent prices in Elwood have remained the same over the last month.
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 $1,400, whereas a house costs $2,400. 1-bedroom apartments in Elwood run $1,389 on average, while 2-bedroom apartments are $1,659.
Listings | ||||
|---|---|---|---|---|
Studio | $1,400 | - | - | |
1 bedroom | $1,300 | - | - | |
2 bedroom | $2,280 | No Change | - | |
3 bedroom | $2,450 | No Change | - | |
4 bedroom | $3,500 | No Change | - |
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 | $1,400 |  25% | No Change | |
Condos | $1,397 | - | No Change | |
Houses | $2,400 | No Change | No Change |
Studio
Average rent
$1,400
1 bedroom
Average rent
$1,300
2 bedroom
Average rent
$2,280
3 bedroom
Average rent
$2,450
4 bedroom
Average rent
$3,500
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
$1,400
Last 30 days
25%
Condos
Average rent
$1,397
Houses
Average rent
$2,400
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
8%higher than the national median
28%lower than the national median
Takeaway
The median rent for all rentals in Elwood, IL is 50% higher than the median rent in Bourbonnais, IL.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,400
5%$1,475
64%$1,650
43%$2,387
25%$1,550
$1,050
17%$1,500
21%$2,622
5%$1,900
3%$1,350
19%$2,595
4%$1,000
6%Stay up to date with rental market insights
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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 $2,100 per month as of May 23, 2026.
Is rent up or down in Elwood?
Average rent prices in Elwood have remained the same over the last month.
How does Elwood rent compare to the national average?
Rent in Elwood is 8% above the national average, which means renters are paying approximately $150 more per month.
What salary do I need to afford rent in Elwood?
To comfortably afford rent in Elwood, you'd need to earn approximately $84,000/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).