
Cheap Apartments for Rent in Greenwood, DE from $400 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.


Riverview Gardens

Elizabeth Cornish Landing

Mispillion Apartments

Dunbarton Estates Apartments
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.

Little Creek Apartments

Hollybrook Farms Apartments

Diamond Court I & II

Harrison Ferry

Federal Manor
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.

Caroline Apartments
Greenwood, DE Local Guide

How much does it cost to rent an apartment in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood 1 Bedroom Apartments | $1,477 | $640 | $1,950 |
| Greenwood 2 Bedroom Apartments | $1,852 | $465 | $3,330 |
| Greenwood 3 Bedroom Apartments | $2,255 | $843 | $3,750 |
| Greenwood 4 Bedroom Apartments | $2,781 | $1,109 | $3,780 |
Browse Top Apartments in Greenwood
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Greenwood, DE Local Guide
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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. Dunbarton Estates Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $776. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverview Gardens | 1 Bed, 1 bath | 1BR,1BA | $670 |
| Dunbarton Estates Apartments | 1 Bed, 1 bath | 1BR,1BA | $776 |
| Riverwoods at Denton | 1 BR- Phase I & II | 1BR,1BA | $899 |
| Hollybrook Farms Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,062 |
| Cypress Grove | ATTAINABLE HOUSING at Cypress Grove (1BR/1BA) | 1BR,1BA | $1,140 |
Best Value Apartments for Rent in Greenwood, DE and Nearby
As of January 20, 2026 the best value apartment in the Greenwood area is the $1.43 price per square foot VO3 Model at Vincent Overlook in the in the Bay Front neighborhood starting from $2,795. The second greatest value Greenwood apartment is the Windstone 2 Model at Windstone starting at $2,395 with a $1.24 price per square foot in the Bay Front 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. |
|---|---|---|---|
| Vincent Overlook | VO3 | 3BR,2BA | $1.43 |
| Windstone | Windstone 2 | 3BR,2BA | $1.24 |
| Heron Bay | Heron Bay 1 | 3BR,2BA | $1.31 |
| Burton’s Crossing Townhomes | Three Bedroom Townhomes | 3BR,2.5BA | $1.12 |
| The Reserves At Belle Ayre | Three Bedroom | 3BR,2.5BA | $1.14 |
| Reserve at Sawmill | Dogwood | 3BR,2BA | $1.33 |
| Melanie's Ridge | 2 Bedroom | 2BR,2BA | $1.39 |
| Riverview Gardens | 1 Bed, 1 bath | 1BR,1BA | $0.87 |
| Dunbarton Estates Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.05 |
| Riverwoods at Denton | 1 BR- Phase I & II | 1BR,1BA | $1.41 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Greenwood, DE Rentals by Map
See the most popular apartments and homes in Greenwood, DE
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 Hollybrook Farms Apartments and starts from $1,172.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!