Cheap Apartments for Rent in Greenwood, DE from $400 (36 Rentals)

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

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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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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Diamond Court I & II
1 to 2 Bedroom Apartments

Diamond Court I & II

35 Diamond CtHarrington, DE 19952
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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
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Caroline Apartments
1 to 2 Bedroom Apartments

Caroline Apartments

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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Lakeside Apartments
1 to 2 Bedroom Apartments

Lakeside Apartments

505 NW Front StMilford, DE 19963
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Showing Results 1-36, 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
Riverwoods at Denton1 BR w/Den- Phase III1BR,1BA$790
Prospect Heights Apartments3BR 1.5BA3BR,1BA$1,132
Sunset Hargraves RidgelyOne Bedroom1BR,1BA$1,165
Houston AcresOne Bedroom Cottage w/One-Car Garage1BR,1BA$1,300
Melanie's Ridge1 Bedroom1BR,1BA$1,375
Planters Run Apartments (55+ Active Adult)1 Bedroom1BR,1BA$1,450
The Willows at Foster Commons2 Bedroom2BR,2BA$1,523

Best Value Apartments for Rent in Greenwood, DE and Nearby

As of June 07, 2026 the best value apartment in the Greenwood area is the $1.42 price per square foot VO1 Model at Vincent Overlook in the in the Bay Front neighborhood starting from $2,695. 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$1.42
Burton’s Crossing TownhomesThree Bedroom Townhomes3BR,2.5BA$1.12
Windward Grove - Townhome RentalsEnd Unit - Fenced3BR,2.5BA$1.55
Lakeside Apartments2 Bed | 1.5 Bath2BR,1.5BA$1.50
The Oaks at GeorgetownCanby2BR,2BA$1.50
Watergate Townhomes2 Bed 2 Bath Townhome2BR,2BA$1.46
Riverwoods at Denton1 BR w/Den- Phase III1BR,1BA$0.80
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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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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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.

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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.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.