Cheap Apartments for Rent in Greenwood, IL from $1,000 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Greenwood.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 400 Cunat Blvd

400 Cunat Blvd

RichmondIL60071
property at 227 Uteg St

227 Uteg St

Crystal LakeIL60014

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Showing Results 1-21, Page 1 of 1

Greenwood, IL Local Guide

Cheapest Available Greenwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Greenwood, IL is a 1 Bed unit found at Tan Oak Apartments priced from $1,049. Northfield Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,101. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Tan Oak Apartments1 Bed 1 Bath1BR,1BA$1,049
Northfield CourtValley View1BR,1BA$1,101
Garden Quarter Apartments1 Bed, 1 bath1BR,1BA$1,199
Willow BrookeRosebay1BR,1BA$1,240
The Church Street Apartments1 Bedroom1BR,1BA$1,300

Best Value Apartments for Rent in Greenwood, IL and Nearby

As of May 19, 2025 the best value apartment in the Greenwood area is the $1.25 price per square foot 3 BED Model at The Church Street Apartments in the in the Park Place neighborhood starting from $2,500. The second greatest value Greenwood apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $1,850 with a $1.48 price per square foot in the Amber Shores neighborhood. Here is today’s list of the best values for Greenwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Church Street Apartments3 BED3BR,2BA$1.25
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.48
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.68
Taylor Place2br 2ba2BR,2BA$1.28
Timber Oaks (Patriot Oaks)2 Bedroom 1 Bathroom2BR,1BA$1.44
Prairie View (Patriot Prairie of Woodstock)2X12BR,1BA$1.69
Northfield CourtSummit1BR,1BA$1.57
Garden Quarter Apartments1 Bed, 1 bath1BR,1BA$1.78
Tan Oak Apartments1 Bed 1 Bath1BR,1BA$1.61

Quick Rent Budget Calculator

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Pet Friendly Lifestyle

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Pet Friendliness Lifestyle Score

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Greenwood, IL Rentals by Map

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See the most popular apartments and homes in Greenwood, IL

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Getting Around Greenwood, IL

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Greenwood Apartments

How much is rent for a Cheap One Bedroom Greenwood Apartment?

The lowest price for a Cheap One Bedroom Greenwood Apartment is $1,049 at Tan Oak Apartments.

What is the lowest price for a Cheap Two Bedroom Greenwood Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Greenwood is starting from $1,187 at Northfield Court.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Taylor Place and starts from $1,505.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.