Bedroom count
Property type
Last updated on June 8, 2026
Average rent in
Elwood, IN
Average rent in
Last updated on June 8, 2026
Bedroom count
Property type
Median rent
Median rent in Elwood
$1,030/mo
6%vs previous year
The average rent in Elwood is $1,030 per month as of June 2026. This is 47% below the national average rent, or $920 less per month.
average price per square foot
Total rentals
Available rentals in Elwood
11
for rent on Zumper.com as of June 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, IN, in the last 30 days, rent estimates may not represent the actual market.
Rent trends in Elwood, IN
Average rent prices in Elwood have remained the same over the last month and have decreased by 6% 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 $944, whereas a house costs $1,272. 1-bedroom apartments in Elwood run $825 on average, while 2-bedroom apartments are $1,195.
Listings | ||||
|---|---|---|---|---|
Studio | $1,200 | No Change |  68% | |
1 bedroom | $775 | No Change | 1% | |
2 bedroom | $1,195 | 1% | 7% | |
3 bedroom | $1,100 | 5% | 35% | |
4 bedroom | $1,375 | 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 | $944 | No Change | No Change | |
Condos | $525 | 8% | - | |
Houses | $1,272 | 2% | No Change |
Studio
Average rent
$1,200
Last year
68%
1 bedroom
Average rent
$775
Last year
1%
2 bedroom
Average rent
$1,195
Last 30 days
1%
Last year
7%
3 bedroom
Average rent
$1,100
Last 30 days
5%
Last year
35%
4 bedroom
Average rent
$1,375
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
$944
Last 30 days
No Change
Condos
Average rent
$525
Last 30 days
8%
Houses
Average rent
$1,272
Last 30 days
2%
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
47%lower than the national median
22%lower than the national median
Takeaway
The median rent for all rentals in Elwood, IN is 32% lower than the median rent in Atlanta, IN.
Average rent in nearby cities
Explore rent trends in neighboring markets
$1,512
$995
5%$1,504
28%$835
19%$935
46%$1,900
20%$1,195
35%$890
13%$900
18%$720
7%$1,845
12%$1,490
15%Discover rentals in Elwood, IN
5d+ ago
Apartment for rent in Elwood
2 beds
1 bath
$944
Apartment for rent
3d ago
Apartment for rent in Elwood
1349 S B St #1, Elwood, IN 46036
2 beds
1 bath
$1,250
Apartment for rent
Available Jun 8
5d+ ago
House for rent in Elwood
209 S 16th St, Elwood, IN 46036
2 beds
2 baths
$1,295
House for rent
5d+ ago
Townhouse for rent in Elwood
1021 N 9th St, Elwood, IN 46036
3 beds
2.5 baths
$1,750
House for rent
Available Jul 1
2d ago
317 S Anderson St, Elwood, IN 46036
Studio
1 bath
$900
Apartment for rent
5d+ ago
Apartment for rent in Elwood
2 beds
1 bath
$944
Apartment for rent
2d ago
902 S Anderson St, Elwood, IN 46036
Studio–1 bed
1 bath
$675–$725
Apartment for rent
2d ago
9401 Frans Way, Elwood, IN 46036
1–2 beds
1–2 baths
$1,005–$1,325
Apartment for rent
3d ago
Apartment for rent in Elwood
1523 S J St #3, Elwood, IN 46036
1 bed
1 bath
$825
Apartment for rent
Available Jun 4
3d ago
Apartment for rent in Elwood
1523 S J St #3, Elwood, IN 46036
1 bed
1 bath
$825
Apartment for rent
Available Jun 4
5d+ ago
1802 S Plaza Dr, Elwood, IN 46036
1 bed
1 bath
$725
Apartment for rent
2d ago
9401 Frans Way, Elwood, IN 46036
1–2 beds
1–2 baths
$1,005–$1,325
Apartment for rent
3d ago
Apartment for rent in Elwood
1349 S B St #1, Elwood, IN 46036
2 beds
1 bath
$1,250
Apartment for rent
Available Jun 8
5d+ ago
Apartment for rent in Elwood
2 beds
1 bath
$944
Apartment for rent
2d ago
902 S Anderson St, Elwood, IN 46036
Studio–1 bed
1 bath
$675–$725
Apartment for rent
2d ago
1805 N C St, Elwood, IN 46036
1 bed
1 bath
$725
Apartment for rent
2d ago
210 S 18th St, Elwood, IN 46036
1 bed
1 bath
$725
Apartment for rent
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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 $1,030 per month as of June 6, 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 6% since last year.
How does Elwood rent compare to the national average?
Rent in Elwood is 47% below the national average, which means renters are paying approximately $920 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 $41,000/year, based on spending no more than 30% of your income on rent.
When is the best time of year to rent in Elwood?
Elwood offers strong options for renters with pets, as 54% of available listings welcome furry companions. With an average of 28 listings available monthly, pet owners have good selection when searching for their next home.
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).