Elwood, IL rental market
What is the average rent in Elwood, IL?
Last updated October 31, 2025
Rental market summary
The average rent for all bedrooms and all property types in Elwood, IL is $1,800.
$1,800
$0
+$450
1
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,800 to $1,800.
| Rent price | Number of rental properties |
|---|---|
| $1,700 | 1 |
| $1,800+ | 1 |
Average rent price over time
In the last year, rent has increased by $450 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,230 | $1,495 |
| Feb | $2,295 | $1,495 |
| Apr | $1,500 | $1,795 |
| Jun | $1,500 | $2,300 |
| Sep | $1,500 | $1,800 |
| Oct | $1,590 | $2,200 |
| Nov | $1,350 | $1,800 |
| Dec | $1,600 | No data |
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 10% lower than the national average.
$1,800
$2,000
Rent in Elwood, IL
We created a seamless online experience for you - from shopping on the largest rental network, to applying, to paying rent.
Post a rental listing
Rent trends near Elwood, IL
Frequently asked questions
1. What is the average rent in Elwood, IL?
The average rent in Elwood, IL is $1,800.
2. What is the average rent for a three-bedroom apartment in Elwood, IL?
The average rent for a three-bedroom apartment in Elwood, IL is $1,800 per month.
3. How much does it cost to rent a house in Elwood, IL?
Houses in Elwood, IL rent between $1,800 - $1,800 with an average rent of $1,800.
4. How has the rent in Elwood, IL changed in the last year?
In the last year, the rent in Elwood, IL increased by $450
5. How much has the rent in Elwood, IL increased/decreased in the last month?
In the last month, the rent in Elwood, IL did not change.
6. How many available rentals are there in Elwood, IL?
There are currently 1 rentals available in Elwood, IL.
7. How do rent prices in Elwood, IL compare with the national average?
The average rent in Elwood, IL is $1,800 — 10% lower the national average of $2,000.