Apartments in 46036

Elwood:
February Rent Report

Welcome to the February 2026 Elwood Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 key findings and figures for the Elwood rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Elwood and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Elwood average rent prices in the chart below.

February Prices: Elwood vs. Surrounding Areas

Rent Prices in Elwood and Surrounding Areas

Rent prices have decreased in Elwood over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Elwood suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rents did not increase in any of the Elwood suburbs

• Rents did not decrease in any of the Elwood suburbs.

Data set for Elwood and suburbs

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.