Elwood, IN rental market
What is the average rent in Elwood, IN?
Last updated August 15, 2026
Rental market summary
The average rent for all bedrooms and all property types in Elwood, IN is $1,025.
Average rent
$1,025
Month-over-month change
+$113
Year-over-year change
-$475
Available rentals
26
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 | 3 |
| $800 | 5 |
| $900 | 2 |
| $1,000 | 3 |
| $1,100 | 4 |
| $1,200 | 5 |
| $1,300 | 1 |
| $1,400 | 1 |
| $1,700+ | 2 |
Average rent price over time
In the last year, rent has decreased by $475 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 | No data |
| Oct | $1,400 | No data |
| 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 49% lower than the national average.
$1,025
$2,000
Rent in Elwood, IN
We created a seamless online experience for you - from shopping on the largest rental network, to applying, to paying rent.
Post a rental listing
Easy-to-use tools let you list your property where millions of renters search each month. Plus, messaging and tenant screening are integrated into our listing platform to help you find and screen applicants faster.
Get startedLearn moreRent 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. How much does it cost to rent a house in Elwood, IN?
7. How has the rent in Elwood, IN changed in the last year?
8. How much has the rent in Elwood, IN increased/decreased in the last month?
9. How many available rentals are there in Elwood, IN?
10. How do rent prices in Elwood, IN compare with the national average?
Nearby areas
Zip codes in Elwood, IN
