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Apartments in Elwood

1 - 10 of 10 Results
10
$905 - 1,175
Bison Ridge Estates
Deal
9401 Frans Way Elwood, IN
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Senior Community
Air Conditioning
In Unit Laundry
8
$1,100
3 Bedroom 1 Bath Home
114 E Polk St Alexandria, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
9
$843 - 865
Lexington Arms
1775 Antler Ct Elwood, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Dishwasher
29
$1,200
Charming And Updated Farm House In The Heart Of Elwood Available Now!
1115 Main St Elwood, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Dishwasher
1
$675
111 E Madison St
Alexandria, IN
1 BR | Available Now
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Storage
12
$1,250
Elwood St
Elwood, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
23
$1,195 - 1,295
209 S 16th Street - Expy
Elwood, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
14
$1,200
820 W Broadway
Alexandria, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
10
$992
Village Apartments Of Summitville
1106 W Mill St Summitville, IN
2 BR | Available Now
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20
$1,495
508 W Monroe St
Alexandria, IN
3 BR | Available Now
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Dog Friendly
Cat Friendly
House
Air Conditioning
Balcony/Deck/Patio
1 - 10 of 10 Results
  1. Home
  2. Kokomo, IN Area Apartments
  3. Elwood

How much does it cost to rent an apartment in Elwood?

Elwood Apartments
Bed Type Average Rent Range
1BR $680 $680 - $680
2BR $870 $840 - $1,280
3BR $1,200 $1,100 - $1,500
Frequently Asked Questions

How many apartments are available in Elwood, IN on Rentable.co?

Rentable.co has over 214 apartments available in Elwood.

What is the average rent for a one-bedroom apartment in Elwood, IN?

The average rent for a one-bedroom apartment in Elwood is around $680 per month.

What is the average rent for a two-bedroom apartment in Elwood, IN?

The average rent for a two-bedroom apartment in Elwood is around $870 per month.

How expensive is it to rent an apartment in Elwood, IN?

For a two-bedroom apartment in Elwood, the average rent price is $870 per month, which is lower than the national average of $1,600 per month.

Can I afford an apartment for rent in Elwood, IN?

Based on average rent prices in Elwood, to afford a one-bedroom apartment you would need an annual household income of $27,000 to live comfortably.

Search Cities Near Elwood, IN

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Elwood:
December Rent Report

Welcome to the December 2024 Elwood Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the December 2024 key findings and figures for the Elwood rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Elwood and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Elwood average rent prices in the chart below.

Monthly Rent Report

$1,200
$900
$600
$300
$0
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
1 BR       2 BR

Elwood Rent Prices Increase From November to December

Elwood rent prices increased over the last month. From November to December, the city experienced a 8.31% increase for the price of a one-bedroom apartment. The rent price for a Elwood one-bedroom apartments currently stands at $938.0.

When we take a look at the two-bedroom comparison from November to December, Elwood experienced a -0.89% decrease for the price of a two-bedroom apartment. The rent price for a Elwood two-bedroom apartments currently stands at $1,110.0.

December Prices: Elwood vs. Surrounding Areas

Rent Prices in Elwood and Surrounding Areas

Rent prices have increased in Elwood over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Elwood suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Elwood suburbs

  • Rents did not decrease in any of the Elwood suburbs.

December 2024 Pricing Trends: Elwood vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,134
$3,160
$2,389
$2,353
$1,914
$1,318
$1,255
$1,234
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Elwood Rent Prices More Affordable Than Major Cities

Rent growth in Elwood over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Elwood average rent prices appear to be relatively affordable for local residents.

The price for a Elwood one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Elwood and surrounding area rent prices, take a look at the complete data set below.

Data set for Elwood and suburbs

1 BR December 1 BR M/M % Change 2 BR December 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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