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from $750Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
Cheap Apartments for Rent in Greenwood, IN from $300 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.
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from $790Studio to 3 Bedroom Apartments Available Now
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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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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8149 Trevellian Way
IndianapolisIN46217
8109 Johnstown Ct
IndianapolisIN46217
3321 Eastwind Ct
IndianapolisIN46227
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Rent Specials
from $834Studio to 2 Bedroom Apartments Available Now
Sherbrook
8026 McFarland CtIndianapolis, IN 46227
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from $8601 to 2 Bedroom Apartments Contact Us For Availability
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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from $8871 to 3 Bedroom Apartments Available Now
SOUTHPORT AT BUCK CREEK
1451 E Southport RdIndianapolis, IN 46227
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from $8991 to 3 Bedroom Apartments Available Now
Greentree Apartments
2524 Tamarack LnIndianapolis, IN 46227
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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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Showing Results 1-23, Page 1 of 1
Greenwood, IN Local Guide
Main Street in downtown Greenwood by Wiki User: Nyttend is licensed under Internal
How much does it cost to rent an apartment in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Greenwood Studio Apartments | $1,140 | $750 | $1,675 |
| Cheap Greenwood 1 Bedroom Apartments | $1,245 | $345 | $2,019 |
| Cheap Greenwood 2 Bedroom Apartments | $1,553 | $920 | $2,787 |
| Cheap Greenwood 3 Bedroom Apartments | $1,868 | $1,330 | $3,004 |
| Cheap Greenwood 4 Bedroom Apartments | $2,019 | $1,710 | $2,490 |
Browse Top Apartments in Greenwood
See all Apartments in GreenwoodExplore Greenwood
Greenwood, IN Local Guide
- Greenwood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Greenwood, IN
Pricing Updated: 04/26/2025Current apartment rentals in the Greenwood, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Greenwood Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Southside Indianapolis | $2,549 | $345 | 549 |
Cheapest Available Greenwood Apartments for Rent
The cheapest available apartment rental in Greenwood, IN is a Studio unit found at Waterbury Apartments in the Tracy Commons neighborhood priced from $750. Polo Run Apartments in the Buffalo Creek neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Waterbury Apartments | Studio | Studio,1BA | $750 |
| Polo Run Apartments | The Shetland Studio | Studio,1BA | $790 |
| South & Madison | E2 | Studio,1BA | $840 |
| Windsor Court | Deluxe One Bedroom (AN) | 1BR,1BA | $840 |
| Greentree Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $899 |
Best Value Apartments for Rent in Greenwood, IN
As of April 26, 2025 the best value apartment in the Greenwood area is the $0.93 price per square foot 2 Bedroom Townhome Model at SOUTHPORT AT BUCK CREEK in the in the Thompson-Edgewood neighborhood starting from $1,299. The second greatest value Greenwood apartment is the 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks starting at $1,469 with a $1.14 price per square foot in the Tracy Commons neighborhood. Here is today’s list of the best values for Greenwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.93 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.14 |
| Devonshire Apartments | The Windsor | 3BR,2BA | $1.30 |
| Keeneland Crest Apartments | Victorian | 2BR,2BA | $1.33 |
| Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.27 |
| Oak Park | Forest | 1BR,1BA | $1.12 |
| Auburn Place Apartments | Mahogany | 2BR,1BA | $1.09 |
| Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.16 |
| The Sterling | The Remington | 2BR,1BA | $1.22 |
| South & Madison | A1 | 1BR,1BA | $1.27 |
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Pet Friendly LifestyleGreenwood, IN
Ranked #8
Among cities in Indiana for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Greenwood, IN
Clark Pleasant Middle School
Clark-Pleasant Com School Corp
Public School - Grades 6-8 (1553)
7 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Greenwood, IN Rentals by Map
See the most popular apartments and homes in Greenwood, IN
Greenwood, IN Apartments MapGreenwood, IN Rental Homes MapGetting 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 Cheap Greenwood Apartments
What is the Cheapest Studio apartment in Greenwood?
Currently the most affordable Cheap Studio Apartment in Greenwood is at Waterbury Apartments listed at $750.
How much is rent for a Cheap One Bedroom Greenwood Apartment?
The lowest price for a Cheap One Bedroom Greenwood Apartment is $840 at Windsor Court.
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 $985 at Windsor Court.
What is the most affordable Greenwood Three Bedroom Apartment?
The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Berkley Commons and starts from $1,130.
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.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
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.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.