Cheap Apartments for Rent in Greenwood, DE from $400 (40 Rentals)

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Search the lowest-cost Apartments available for rent right now in Greenwood.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Diamond Court I & II
1 to 2 Bedroom Apartments

Diamond Court I & II

35 Diamond CtHarrington, DE 19952
  • Utilities Included
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Mispillion Apartments
1 to 2 Bedroom Apartments

Mispillion Apartments

1029 S Walnut StMilford, DE 19963
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Harrison Ferry
1 to 2 Bedroom Apartments

Harrison Ferry

43 Delaware AveHurlock, MD 21643
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Federal Manor
1 to 2 Bedroom Apartments

Federal Manor

101 Routzahn LnFederalsburg, MD 21632
  • Utilities Included
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Caroline Apartments
1 to 2 Bedroom Apartments

Caroline Apartments

205 S 8th StDenton, MD 21629
Senior Living
  • Utilities Included

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.

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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

505 NW Front StMilford, DE 19963
  • Utilities Included

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.

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Showing Results 1-40, Page 1 of 1

Greenwood, DE Local Guide

Cheapest Available Greenwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Greenwood, DE is a 1 Bed unit found at Riverview Gardens in the Savannah Overlook neighborhood priced from $670. Elizabeth Cornish Landing in the Heritage Shores SFD neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $726. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Riverview Gardens1 Bed, 1 bath1BR,1BA$670
Elizabeth Cornish LandingLanding 1 BR1BR,1BA$726
Dunbarton Estates Apartments1 Bed, 1 bath1BR,1BA$776
Prospect Heights Apartments3BR 1.5BA3BR,1BA$1,132
Sunset Hargraves RidgelyOne Bedroom1BR,1BA$1,165
Houston AcresOne Bedroom w/Loft & One-Car Garage1BR,1BA$1,400
Melanie's Ridge1 Bedroom1BR,1BA$1,420
Planters Run Apartments (55+ Active Adult)1 Bedroom1BR,1BA$1,450
Dover Estates Apartments2 Bed 1 Bath – Azalea2BR,1BA$1,475
Friendship VillageSassafras2BR,2BA$1,500

Best Value Apartments for Rent in Greenwood, DE and Nearby

As of July 22, 2026 the best value apartment in the Greenwood area is the $1.37 price per square foot VO1 Model at Vincent Overlook in the in the Bay Front neighborhood starting from $2,595. The second greatest value Greenwood apartment is the Three Bedroom Townhomes Model at Burton’s Crossing Townhomes starting at $1,795 with a $1.12 price per square foot in the Retreat at Millstone 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.
Vincent OverlookVO13BR,2BA$1.37
Burton’s Crossing TownhomesThree Bedroom Townhomes3BR,2.5BA$1.12
Windward Grove - Townhome RentalsInterior Unit - Fenced3BR,2.5BA$1.44
Windward on the RiverCarlisle3BR,2BA$1.47
The Oaks at GeorgetownCanby2BR,2BA$1.44
Watergate Townhomes2 Bed 2 Bath Townhome2BR,2BA$1.49
Friendship VillageBeech2BR,2BA$1.50
Riverview Gardens1 Bed, 1 bath1BR,1BA$0.87
Elizabeth Cornish LandingLanding 1 BR1BR,1BA$0.98
Dunbarton Estates Apartments1 Bed, 1 bath1BR,1BA$1.05

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.

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Real 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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Greenwood, DE Rentals by Map

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See the most popular apartments and homes in Greenwood, DE

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Frequently Asked Questions about Cheap Greenwood Apartments

How much is rent for a Cheap One Bedroom Greenwood Apartment?

The lowest price for a Cheap One Bedroom Greenwood Apartment is $670 at Riverview Gardens.

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 $715 at Riverview Gardens.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Prospect Heights Apartments and starts from $1,132.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.