Last updated on July 23, 2026

Average rent in
Elwood, IN

Median rent

Median rent in Elwood

$974/mo

decreased by11%

vs previous year

The average rent in Elwood is $974 per month as of July 2026. This is 50% below the national average rent, or $970 less per month.

$1.31

average price per square foot

Total rentals

Available rentals in Elwood

15

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Elwood rentals at each price point

85%64%43%21%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Elwood, IN

Average rent prices in Elwood have increased by 2% over the last month and have decreased by 11% 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 $1,225. 1-bedroom apartments in Elwood run $925 on average, while 2-bedroom apartments are $1,195.

Listings

Studio

$1,200

15%

89%

1 bedroom

$825

5%

8%

2 bedroom

$1,195

5%

4%

3 bedroom

$1,150

8%

30%

4 bedroom

$990

No Change

2%

Studio

Average rent

$1,200

Last 30 days

15%

Last year

89%

1 bedroom

Average rent

$825

Last 30 days

5%

Last year

8%

2 bedroom

Average rent

$1,195

Last 30 days

5%

Last year

4%

3 bedroom

Average rent

$1,150

Last 30 days

8%

Last year

30%

4 bedroom

Average rent

$990

Last year

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

Median rent price$974
decreased by50%

lower than the national median

Median rent price$1,346
decreased by31%

lower than the national median

Takeaway

The median rent for all rentals in Elwood, IN is 28% lower than the median rent in Atlanta, IN.

Discover rentals in Elwood, IN

505 N 20th St - Photo 1 of 1

5d+ ago

7.8

Very good

505 N 20th St

505 N 20th St, Elwood, IN 46036

2 beds

1 bath

$805

Apartment for rent

5d+ ago

7.7

Very good

902 S ANDERSON ST ELWOOD

902 S Anderson St, Elwood, IN 46036

2 beds

1 bath

$850

Apartment for rent

1775 Antler Ct - Photo 1 of 1

5d+ ago

Apartment for rent in Elwood

2 beds

1 bath

$944

Apartment for rent

2321 S A St - Photo 1 of 1

5d+ ago

House for rent in Elwood

Charming Elwood Home

2321 S A St, Elwood, IN 46036

3 beds

2 baths

$1,545

House for rent

Available Jun 13

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, IN

Quick answers to common questions about the Elwood rental market.

How much is rent in Elwood?

The average rent in Elwood is $974 per month as of July 18, 2026.

Is rent up or down in Elwood?

Average rent prices in Elwood have increased by 2% over the last month and have decreased by 11% since last year.

How does Elwood rent compare to the national average?

Rent in Elwood is 50% below the national average, which means renters are paying approximately $970 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 $39,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Elwood?

Based on our current listings, 57% of Elwood rentals welcome pets, which works out to about 16 pet-friendly apartments each month across the city's average inventory of 28 units.

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).

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