Bedroom count
Property type
Last updated on October 22, 2026
Average rent in
Elwood, IN
Average rent in
Last updated on October 22, 2026
Bedroom count
Property type
Median rent
Median rent in Elwood
$1,075/mo
2%vs previous year
The average rent in Elwood is $1,075 per month as of October 2026. This is 43% below the national average rent, or $825 less per month.
average price per square foot
Total rentals
Available rentals in Elwood
15
for rent on Zumper.com as of October 2026
Rent price distribution
Share of Elwood rentals at each price point
Rent trends in Elwood, IN
Average rent prices in Elwood have decreased by 5% over the last month and have decreased by 2% 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, IN
Rent prices in Elwood vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Elwood is $1,050, whereas a house costs $1,225. 1-bedroom apartments in Elwood run $845 on average, while 2-bedroom apartments are $1,100.
Listings | ||||
|---|---|---|---|---|
Studio | $720 | 1% | 2% | |
1 bedroom | $812 | No Change | 6% | |
2 bedroom | $1,100 | 4% | No Change | |
3 bedroom | $1,337 | 10% | 17% | |
4 bedroom | $1,500 | 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, IN.
Listings | ||||
|---|---|---|---|---|
Apartments | $1,050 | 1% |  4% | |
Condos | $1,500 | 8% | - | |
Houses | $1,225 | 13% | 36% |
Studio
Average rent
$720
Last 30 days
1%
Last year
2%
1 bedroom
Average rent
$812
Last 30 days
No Change
Last year
6%
2 bedroom
Average rent
$1,100
Last 30 days
4%
Last year
No Change
3 bedroom
Average rent
$1,337
Last 30 days
10%
Last year
17%
4 bedroom
Average rent
$1,500
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, IN.
Apartments
Average rent
$1,050
Last 30 days
1%
Last year
4%
Condos
Average rent
$1,500
Last 30 days
8%
Houses
Average rent
$1,225
Last 30 days
13%
Last year
36%
The table above reflects average rent prices in Elwood, IN, 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, IN compare to other cities?
Compare median rent prices in Elwood and Atlanta by all bedroom counts and property types.
Elwood
43%lower than the national median
18%lower than the national median
Takeaway
The median rent for all rentals in Elwood, IN is 31% lower than the median rent in Atlanta, IN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,559
$906
17%$1,695
15%$775
28%$906
18%$1,670
1%$975
86%$1,000
354%$906
16%$847
91%$1,942
4%$1,710
42%Discover rentals in Elwood, IN
4d ago
902 S Anderson St, Elwood, IN 46036
2 beds
1 bath
$825
Apartment for rent
5d+ ago
House for rent in Elwood
2 beds
1 bath
$850
Price dropped $250Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.House for rent
Available Sep 30
5d+ ago
House for rent in Elwood
3146 Independence Dr S, Elwood, IN 46036
2 beds
1 bath
$850
Price dropped $50House for rent
Available Sep 30
5d+ ago
Apartment for rent in Elwood
400 N Anderson St #400, Elwood, IN 46036
2 beds
1 bath
$850
Apartment for rent
Available Aug 15
21h ago
9401 Frans Way, Elwood, IN 46036
1–2 beds
1–2 baths
$1,005–$1,325
Apartment for rent
12h ago
Apartment for rent in Elwood
311 S 16th St #1A, Elwood, IN 46036
2 beds
2 baths
$1,295
Apartment for rent
Available Oct 12
4h ago
239 N 13th St, Elwood, IN 46036
Studio–2 beds
1 bath
$720–$1,095
Apartment for rent
2d ago
317 S Anderson St, Elwood, IN 46036
Studio–1 bed
1 bath
$800–$1,050
Apartment for rent
5d+ ago
Apartment for rent in Elwood
2 beds
1 bath
$999
Apartment for rent
9h ago
1802 S Plaza Dr, Elwood, IN 46036
1 bed
1 bath
$800
Apartment for rent
12h ago
Apartment for rent in Elwood
311 S 16th St #1A, Elwood, IN 46036
2 beds
2 baths
$1,295
Apartment for rent
Available Oct 12
21h ago
9401 Frans Way, Elwood, IN 46036
1–2 beds
1–2 baths
$1,005–$1,325
Apartment for rent
4h ago
239 N 13th St, Elwood, IN 46036
Studio–2 beds
1 bath
$720–$1,095
Apartment for rent
5d+ ago
House for rent in Elwood
3146 Independence Dr S, Elwood, IN 46036
2 beds
1 bath
$850
Price dropped $50House for rent
Available Sep 30
5d+ ago
Apartment for rent in Elwood
2 beds
1 bath
$999
Apartment for rent
9h ago
1802 S Plaza Dr, Elwood, IN 46036
1 bed
1 bath
$800
Apartment for rent
9h ago
1802 S Plaza Dr, Elwood, IN 46036
1 bed
1 bath
$800
Apartment for rent
2d ago
1831 N C St, Elwood, IN 46036
1 bed
1 bath
$800
Apartment for rent
5d+ ago
House for rent in Elwood
2 beds
1 bath
$850
Price dropped $250Additional fees apply. The price shown reflects base rent. Based on information provided by the property, additional fees may apply, but no required monthly charges have been confirmed. See all fees for details.House for rent
Available Sep 30
5d+ ago
House for rent in Elwood
3146 Independence Dr S, Elwood, IN 46036
2 beds
1 bath
$850
Price dropped $50House for rent
Available Sep 30
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Frequently asked questions for Elwood, IN
Quick answers to common questions about the Elwood rental market.
How much is rent in Elwood?
The average rent in Elwood is $1,075 per month as of October 17, 2026.
Is rent up or down in Elwood?
Average rent prices in Elwood have decreased by 5% over the last month and have decreased by 2% since last year.
How does Elwood rent compare to the national average?
Rent in Elwood is 43% below the national average, which means renters are paying approximately $825 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 $43,000/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).