Elwood
- County:
- Madison County
- County Seat:
- No
- Area (mi²):
- 3.968
- State:
- Indiana
Elwood is a city located in Madison County, Indiana. Elwood has a 2026 population of 8,495. Elwood is currently growing at a rate of 0.62% annually and its population has increased by 1.05% since the most recent census, which recorded a population of 8,407 in 2020.