Bedroom count
Property type
Last updated on July 23, 2026
Last updated on July 23, 2026
Bedroom count
Property type
Median rent in Elwood
$974/mo
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.
average price per square foot
Available rentals in Elwood
15
for rent on Zumper.com as of July 2026
Share of Elwood rentals at each price point
Average rent prices in Elwood have increased by 2% over the last month and have decreased by 11% since last year.
Rent prices on this page are calculated on a rolling 30-day basis and updated daily.
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% |
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 | 5% | No Change | |
Houses | $1,225 | 12% | No Change |
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%
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
5%
Houses
Average rent
$1,225
Last 30 days
12%
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.
Compare median rent prices in Elwood and Atlanta by all bedroom counts and property types.
Elwood
lower than the national median
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.
Explore rent trends in neighboring markets
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Quick answers to common questions about the Elwood rental market.
The average rent in Elwood is $974 per month as of July 18, 2026.
Average rent prices in Elwood have increased by 2% over the last month and have decreased by 11% since last year.
Rent in Elwood is 50% below the national average, which means renters are paying approximately $970 less per month.
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.
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.
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).