742 Loews Blvd
GreenwoodIN46142
Cheap Homes for Rent in Greenwood, IN from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.
640 Wooddale Terrace
GreenwoodIN46142
628 Wooddale Terrace
GreenwoodIN46142
793 Joy Dr
GreenwoodIN46142
791 Joy Dr
GreenwoodIN46142
855 N Madison Ave
GreenwoodIN46142
49 Trails End
GreenwoodIN46142
Greenwood
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
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 | $1,322 | $1,013 | $1,700 |
| Greenwood 3 Bedroom Homes for Rent | $1,866 | $1,454 | $2,960 |
| Greenwood 4 Bedroom Homes for Rent | $2,071 | $1,479 | $2,500 |
| Greenwood 5 Bedroom Homes for Rent | $2,530 | $2,395 | $2,600 |
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Greenwood, IN Local Guide
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Cheapest Neighborhoods for Apartments in Greenwood, IN
Pricing Updated: 03/25/2025Current 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 | $1,885 | $750 | 10487 |
Cheapest Available Greenwood Apartments for Rent
The cheapest available apartment rental in Greenwood, IN is a 1 Bed unit found at 3321 Eastwind Ct in the Buffalo Creek neighborhood priced from $325. 8109 Johnstown Ct in the Southern Homes neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $425. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3321 Eastwind Ct | 3321 Eastwind Ct | 1BR,1BA | $325 |
| 8109 Johnstown Ct | 8109 Johnstown Ct | 1BR,1BA | $425 |
| 8149 Trevellian Way | 8149 Trevellian Way | 1BR,1BA | $425 |
Best Value Apartments for Rent in Greenwood, IN
As of March 25, 2025 the best value apartment in the Greenwood area is the $0.92 price per square foot 2759 Linwood Ave Model at 2759 Linwood Ave in the in the Tracy Commons neighborhood starting from $2,799. The second greatest value Greenwood apartment is the 7924 Valley Trace Ln Model at 7924 Valley Trace Ln starting at $2,125 with a $0.74 price per square foot in the Edgewood Avenue 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. |
|---|---|---|---|
| 2759 Linwood Ave | 2759 Linwood Ave | 5BR,3BA | $0.92 |
| 7924 Valley Trace Ln | 7924 Valley Trace Ln | 4BR,2.5BA | $0.74 |
| 2765 Linwood Ave | 2765 Linwood Ave | 5BR,3BA | $0.99 |
| 6327 Lonestar Dr | 6327 Lonestar Dr | 4BR,2.5BA | $1.02 |
| 748 Wheatgrass Dr | 748 Wheatgrass Dr | 3BR,2.5BA | $0.97 |
| 6722 Smithfield Blvd | 6722 Smithfield Blvd | 4BR,2.5BA | $1.05 |
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.14 |
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.13 |
| Oak Park | Forest | 1BR,1BA | $1.12 |
| Windsor Court | Two 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 133 Apartments for Rent in Greenwood, IN with pricing that ranges from $750 to $2,997. There are also 65 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $917 to $2,960.
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 $2,960 with an average monthly rent of $1,741.
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 $2,960. 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.
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.