3 Bedroom Apartments for Rent in Greenwood, IN (112 Rentals)

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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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property at 908 Bentgrass Dr

908 Bentgrass Dr

GreenwoodIN46143

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 476 Spring Dr

476 Spring Dr

GreenwoodIN46143

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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property at 4604 Welton St

4604 Welton St

GreenwoodIN46143
property at 1555 Sanner Dr

1555 Sanner Dr

GreenwoodIN46143

Greenwood - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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Greenwood, IN Local Guide

Greenwood 3 Bedroom Apartment Units with Current Availability by Neighborhood

Availability Confirmed As of: May 13, 2025

There are currently 166 available 3 Bedroom apartment units in Greenwood, IN neighborhoods that range in price from $1,045 to $3,949. Heres is today's list of the top neighborhoods in Greenwood with the most available 3 Bedroom apartments:

NeighborhoodAvailable UnitsMedian PriceMin Price
Southside Indianapolis166$1,765$1,045

Largest Available Greenwood 3 Bedroom Apartments

The largest available 3 Bedroom apartment unit in Greenwood, IN is found at Mansfield Village Townhomes in the Winchester Village neighborhood and is 1,650 square feet priced from $2,095. Maverick Modern Apartments in the Tracy Commons neighborhood has the second largest 3 Bedroom, which is sized at 1,595 square feet and currently listed start at $2,099. Here is today’s list of the largest available 3 Bedroom units in Greenwood:

Apartment ListingModel NameSquare FootagePriced From
Mansfield Village Townhomes3 Bedroom 2.5 Bath Townhome1,650 Sq Ft$2,095
Maverick Modern ApartmentsTango1,595 Sq Ft$2,099
Arlington Farms3 Bed, 2 Bath1,525 Sq Ft$1,995
The Timbers ApartmentsThe Redwood1,500 Sq Ft$2,242
Auburn Place ApartmentsRosewood1,452 Sq Ft$1,617
Lakes of WindsorWindsor1,402 Sq Ft$1,670
Latitudes ApartmentsThe Constellation 3 BR 2 BA1,364 Sq Ft$1,719
Autumn Chase3 Bd/2 Ba (R)1,315 Sq Ft$1,720
Meridian OaksThe Cedar1,250 Sq Ft$1,445
Yorktowne Farms Community3 Bed 2.5 Bath Townhome1,209 Sq Ft$1,825

Cheapest Available Greenwood 3 Bedroom Apartments

As of May 13, 2025 the lowest priced 3 Bedroom apartment unit in Greenwood, IN is the Lincoln Model starting from $1,385 at Westminster Apartments and Townhomes in the Tracy Commons neighborhood. The second most affordable Greenwood 3 Bedroom is the The Cedar Model at Meridian Oaks starting at $1,445 in the Buffalo Creek neighborhood. The average price for all 3 Bedroom apartments in Greenwood is currently $1,904. Here is today’s list of the cheapest available 3 Bedroom options in Greenwood:

Apartment ListingModel NamePriced From
Westminster Apartments and TownhomesLincoln$1,385
Meridian OaksThe Cedar$1,445
Berkley CommonsThree Bedroom 1.5 Bath TH$1,480
Village Crossing3Bed/2Bath Up$1,590
Yorktowne Farms Community3 Bed 1.5 Bath$1,595
Estates of Creekside ApartmentsThe Hampton$1,599
The SycamoresC1 The Oak 3/2$1,600
Auburn Place ApartmentsRosewood$1,617
Lakes of WindsorWindsor$1,670
Ashmore Trace3 Bedroom Townhome$1,710

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Greenwood, IN

Ranked #8

Among cities in Indiana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Greenwood, IN

School data provided by Great Schools

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

Explore Greenwood, IN Rentals by Map

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See the most popular apartments and homes in Greenwood, IN

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Getting Around Greenwood, IN

Walk Score®

41 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

1 / 100

Minimal Transit

It may be possible to get on a bus

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 3 Bedroom Greenwood Apartments

What is the Cheapest apartment in Greenwood with 3 Bedroom?

Currently the most affordable 3 Bedroom in Greenwood is at Westminster Apartments and Townhomes listed at $1,385.

How much is the average rent for a 3 Bedroom Greenwood Apartment?

The average rent for a 3 Bedroom Apartment in Greenwood is $1,904.

What is the largest available 3 Bedroom Greenwood Apartment for rent?

Today's apartment with the most square footage in Greenwood is a 1,650 square feet unit starting from $2,095 at Mansfield Village Townhomes.

What is the average size for Greenwood 3 Bedroom Apartments for rent?

The average size for a 3 Bedroom rental in Greenwood is currently 1,592 sq ft.

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 A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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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.

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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.