Cheap Homes for Rent in Greenwood, IN from $900 (4 Rentals)

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Greenwood

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

Greenwood, IN Local Guide

Cheapest Neighborhoods for Apartments in Greenwood, IN

Pricing Updated: 03/21/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Southside Indianapolis$2,600$850897

Best Value Apartments for Rent in Greenwood, IN

As of March 21, 2025 the best value apartment in the Greenwood area is the $0.74 price per square foot 7924 Valley Trace Ln Model at 7924 Valley Trace Ln in the in the Edgewood Avenue neighborhood starting from $2,125. The second greatest value Greenwood apartment is the 6327 Lonestar Dr Model at 6327 Lonestar Dr starting at $2,545 with a $1.02 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 ListingModel NameBed/BathPrice Per Sq.Ft.
7924 Valley Trace Ln7924 Valley Trace Ln4BR,2.5BA$0.74
6327 Lonestar Dr6327 Lonestar Dr4BR,2.5BA$1.02
748 Wheatgrass Dr748 Wheatgrass Dr3BR,2.5BA$0.97
6722 Smithfield Blvd6722 Smithfield Blvd4BR,2.5BA$1.05
2993 Seasons Dr2993 Seasons Dr4BR,2.5BA$1.09
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.14
Berkley CommonsThree Bedroom 1.5 Bath TH3BR,1BA$1.14
Park Madison Apartments2x2 R-Prem2BR,2BA$1.13
Oak ParkForest1BR,1BA$1.12
Windsor CourtTwo Bedroom One Bathroom (CN1)2BR,1BA$1.06

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Frequently Asked Questions about Greenwood

What type of rentals are currently available in Greenwood?

There are currently 130 Apartments for Rent in Greenwood, IN with pricing that ranges from $750 to $2,997. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $917 to $2,800.

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 $917 to $2,800 with an average monthly rent of $1,736.

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 $1,330 to $2,997, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,454 to $2,800. Four Bedroom Single-Family rentals are also available starting from $1,479 and Four Bedroom Apartments start at $1,710.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.