Elwood, IL rental market
What is the average rent in Elwood, IL?
Rental market summary
The average rent for all bedrooms and all property types in Elwood, IL is $2,325.
Average rent
$2,325
Month-over-month change
-$30
Year-over-year change
+$525
Available rentals
2
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $2,325 to $2,835.
| Rent price | Number of rental properties |
|---|---|
| $2,300 | 1 |
| $2,800+ | 1 |
Average rent price over time
In the last year, rent has increased by $525 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $1,495 | $2,000 |
| Feb | $1,495 | $2,430 |
| Mar | $1,795 | $2,385 |
| Apr | $2,300 | $2,800 |
| Aug | $1,800 | $1,495 |
| Sep | $2,200 | $1,530 |
| Oct | $1,800 | $2,100 |
| Nov | $1,800 | $1,875 |
Market temperature
The Elwood, IL rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Elwood, IL is 16% higher than the national average.
$2,325
$2,000
Rent in Elwood, IL
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Rent trends near Elwood, IL
Frequently asked questions
1. What is the average rent in Elwood, IL?
2. What is the average rent for a two-bedroom apartment in Elwood, IL?
3. What is the average rent for a three-bedroom apartment in Elwood, IL?
4. How much does it cost to rent a house in Elwood, IL?
5. How has the rent in Elwood, IL changed in the last year?
6. How much has the rent in Elwood, IL increased/decreased in the last month?
7. How many available rentals are there in Elwood, IL?
8. How do rent prices in Elwood, IL compare with the national average?
