
Cheap Homes for Rent in Greencastle, IN from $400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Greencastle.


1818 Michigan St

2000 Indianapolis Rd

7927 E Lambert Ave

859 S Cherry St

1170 Leota Dr
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

171 E Washington St

5 N Fourth St

60 W Morgan St

10301 Medallion Dr

25 W Collins St

622 N Washington St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Greencastle, IN Local Guide

How much does it cost to rent a home in Greencastle?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greencastle 2 Bedroom Homes for Rent | $1,046 | $425 | $1,650 |
| Greencastle 3 Bedroom Homes for Rent | $1,834 | $1,199 | $2,095 |
| Greencastle 4 Bedroom Homes for Rent | $2,410 | $1,950 | $2,975 |
| Greencastle 5 Bedroom Homes for Rent | $2,072 | $1,750 | $2,395 |
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Greencastle, IN Local Guide
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Cheapest Available Greencastle Apartments for Rent and Nearby
 The cheapest available apartment rental in Greencastle, IN is a 1 Bed unit found at Ashton Apartments priced from $845. Stafford Pointe in the The Settlement - Designer neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $860. Here is today’s list of the most affordable Greencastle apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ashton Apartments | 1BR/1.5BA | 1BR,1BA | $845 |
| Stafford Pointe | 1 BR/ 1 BA | 1BR,1BA | $860 |
| Cloverdale Heights | 1 BR/ 1 BA (includes $30 water sewer trash) | 1BR,1BA | $890 |
| The Landings | 1 Bedroom | 1BR,1BA | $900 |
| Townhomes on Main | 3x2-50% | 3BR,2BA | $927 |
Best Value Apartments for Rent in Greencastle, IN and Nearby
As of June 19, 2026 the best value apartment in the Greencastle area is the $0.81 price per square foot 3x2-80% Model at Townhomes on Main in the starting from $1,205. The second greatest value Greencastle apartment is the 3 BR/ 1.5 BA Townhouse Model at Stafford Pointe starting at $1,810 with a $1.33 price per square foot in the The Settlement - Designer neighborhood. Here is today’s list of the best values for Greencastle apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townhomes on Main | 3x2-80% | 3BR,2BA | $0.81 |
| Stafford Pointe | 3 BR/ 1.5 BA Townhouse | 3BR,1.5BA | $1.33 |
| Redwood Danville | Forestwood | 2BR,2BA | $1.31 |
| Redwood Brownsburg | Forestwood | 2BR,2BA | $1.47 |
| Settlers Run | The Ranch | 2BR,2BA | $1.40 |
| Avon Creek | The Jr Brook | 2BR,2BA | $1.40 |
| Harpers Crossing | 2 Bedroom | 2BR,1BA | $1.15 |
| LaCabreah Apartments | Dover | 1BR,1BA | $1.21 |
| Ashton Apartments | 1BR/1.5BA | 1BR,1.5BA | $1.02 |
| The Landings | 1 Bedroom | 1BR,1BA | $1.22 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in Greencastle, IN
Deer Meadow Primary School
Greencastle Senior High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Greencastle, IN
Frequently Asked Questions about Greencastle
What type of rentals are currently available in Greencastle?
There are currently 63 Apartments for Rent in Greencastle, IN with pricing that ranges from $486 to $3,653. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greencastle ranging from $425 to $2,975.
What is the current price range for Rental Homes in Greencastle?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Greencastle ranges from $425 to $2,975 with an average monthly rent of $1,580.
How much are larger Three and Four Bedroom Rentals in Greencastle?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Greencastle range from $486 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,199 to $2,095. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,159.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.