Elwood, IN rental market
What is the average rent in Elwood, IN?
Rental market summary
The average rent for all bedrooms and all property types in Elwood, IN is $989.
Average rent
$989
Month-over-month change
-$36
Year-over-year change
-$411
Available rentals
23
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $500 to $1,750.
| Rent price | Number of rental properties |
|---|---|
| $500 | 2 |
| $700 | 4 |
| $800 | 6 |
| $900 | 3 |
| $1,000 | 4 |
| $1,100 | 4 |
| $1,200 | 1 |
| $1,300 | 1 |
| $1,400 | 1 |
| $1,600 | 2 |
| $1,700+ | 3 |
Average rent price over time
In the last year, rent has decreased by $411 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $956 | $1,395 |
| Feb | $900 | $1,191 |
| Mar | $950 | $1,180 |
| Apr | $883 | $1,000 |
| May | $856 | $925 |
| Jun | $1,025 | $935 |
| Jul | $1,500 | $925 |
| Aug | $1,400 | $910 |
| Sep | $1,500 | $1,004 |
| Oct | $1,400 | $1,054 |
| Nov | $1,750 | No data |
| Dec | $1,535 | No data |
Market temperature
The Elwood, IN rental market temperature is WARM. 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, IN is 51% lower than the national average.
$989
$2,000
Rent in Elwood, IN
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Rent trends near Elwood, IN
Frequently asked questions
1. What is the average rent in Elwood, IN?
2. What is the average rent for a studio apartment in Elwood, IN?
3. What is the average rent for a one-bedroom apartment in Elwood, IN?
4. What is the average rent for a two-bedroom apartment in Elwood, IN?
5. What is the average rent for a three-bedroom apartment in Elwood, IN?
6. What is the average rent for a four-bedroom apartment in Elwood, IN?
7. How much does it cost to rent a house in Elwood, IN?
8. How has the rent in Elwood, IN changed in the last year?
9. How much has the rent in Elwood, IN increased/decreased in the last month?
10. How many available rentals are there in Elwood, IN?
11. How do rent prices in Elwood, IN compare with the national average?
