Elwood, IN rental market
What is the average rent in Elwood, IN?
Last updated June 30, 2026
Rental market summary
The average rent for all bedrooms and all property types in Elwood, IN is $920.
Average rent
$920
Month-over-month change
-$15
Year-over-year change
-$580
Available rentals
21
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $599 to $1,750.
| Rent price | Number of rental properties |
|---|---|
| $500 | 1 |
| $700 | 2 |
| $800 | 4 |
| $900 | 6 |
| $1,000 | 1 |
| $1,100 | 1 |
| $1,200 | 2 |
| $1,500 | 1 |
| $1,700+ | 3 |
Average rent price over time
In the last year, rent has decreased by $580 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $956 | $1,395 |
| Feb | $900 | $1,192 |
| Mar | $950 | $1,180 |
| Apr | $883 | $1,000 |
| May | $856 | $926 |
| Jun | $1,025 | $935 |
| Jul | $1,500 | No data |
| Aug | $1,400 | No data |
| 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 54% lower than the national average.
$920
$2,010
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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?
Zip codes in Elwood, IN
