8149 Trevellian Way
IndianapolisIN46217
Cheap Homes for Rent in Greenwood, IN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.
3321 Eastwind Ct
IndianapolisIN46227
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.
5512 State Road 144
GreenwoodIN46143
640 Wooddale Terrace
GreenwoodIN46142
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.
807 Riverside Dr
GreenwoodIN46142
628 Wooddale Terrace
GreenwoodIN46142
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.
811 Riverside Dr
GreenwoodIN46142
634 Wooddale Terrace
GreenwoodIN46142
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!
99 1/2 E Pearl St
GreenwoodIN46143
2705 Palo Verde Ct
IndianapolisIN46227
Showing Results 1-10, 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 a home in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood 2 Bedroom Homes for Rent | $1,071 | $700 | $1,350 |
| Greenwood 3 Bedroom Homes for Rent | $1,937 | $1,355 | $2,600 |
| Greenwood 4 Bedroom Homes for Rent | $2,434 | $1,879 | $3,499 |
| Greenwood 5 Bedroom Homes for Rent | $2,350 | $2,350 | $2,350 |
Browse Top Homes for Rent in Greenwood
Explore Greenwood
Greenwood, IN Local Guide
- Greenwood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Greenwood, IN
Pricing Updated: 05/19/2025Current 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 | $2,545 | $345 | 611 |
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. Windsor Court in the Winchester Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $784. 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 |
| Windsor Court | Standard One Bedroom (SN4) | 1BR,1BA | $784 |
| South & Madison | E2 | Studio,1BA | $840 |
Best Value Apartments for Rent in Greenwood, IN
As of May 19, 2025 the best value apartment in the Greenwood area is the $1.27 price per square foot 3 Bedroom 2.5 Bath Townhome Model at Mansfield Village Townhomes in the in the Winchester Village neighborhood starting from $2,095. The second greatest value Greenwood apartment is the Windsor Model at Lakes of Windsor starting at $1,670 with a $1.19 price per square foot in the Southeast Indianapolis 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. |
|---|---|---|---|
| Mansfield Village Townhomes | 3 Bedroom 2.5 Bath Townhome | 3BR,2.5BA | $1.27 |
| Lakes of Windsor | Windsor | 3BR,2BA | $1.19 |
| SOUTHPORT AT BUCK CREEK | 2 Bedroom Townhome | 2BR,1.5BA | $0.89 |
| Summit Pointe | The Everest | 3BR,2BA | $1.36 |
| Latitudes Apartments | The Voyager 3 BR 2 BA | 3BR,2BA | $1.36 |
| Meridian Oaks | The Cedar | 3BR,2BA | $1.16 |
| Berkley Commons | Two Bedroom 1.5 Bath TH | 2BR,1.5BA | $1.27 |
| Oak Park | Forest | 1BR,1BA | $1.12 |
| St. Andrews | 2Bd/2Ba T | 2BR,2BA | $1.36 |
| The Sterling | The Lexington | 1BR,1BA | $1.32 |
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Frequently Asked Questions about Greenwood
What type of rentals are currently available in Greenwood?
There are currently 117 Apartments for Rent in Greenwood, IN with pricing that ranges from $345 to $3,220. There are also 118 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $700 to $3,499.
What is the current price range for Rental Homes in Greenwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Greenwood ranges from $700 to $3,499 with an average monthly rent of $1,732.
How much are larger Three and Four Bedroom Rentals in Greenwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Greenwood range from $1,385 to $2,988, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,355 to $2,600. Four Bedroom Single-Family rentals are also available starting from $1,879 and Four Bedroom Apartments start at $1,705.
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.
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.
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.
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.