Cheap Apartments for Rent in Greenwood, IL from $1,000 (22 Rentals)

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

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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-22, Page 1 of 1

Greenwood, IL Local Guide

Cheapest Available Greenwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Greenwood, IL is a 1 Bed unit found at Northfield Court priced from $1,101. Timber Oaks (Patriot Oaks) in the Amber Shores neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northfield CourtValley View1BR,1BA$1,101
Timber Oaks (Patriot Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,175
The Church Street Apartments1 Bedroom1BR,1BA$1,300
Taylor Place2br 2ba2BR,2BA$1,325
Prairie View (Patriot Prairie of Woodstock)1X11BR,1BA$1,375

Best Value Apartments for Rent in Greenwood, IL and Nearby

As of June 24, 2025 the best value apartment in the Greenwood area is the $1.77 price per square foot Haydenwood Sunroom Model at Redwood Volo in the in the Liberty Lakes - Freedom Series neighborhood starting from $2,864. The second greatest value Greenwood apartment is the Townhome Model at The Meadows Apartments Lakemoor starting at $2,019 with a $1.52 price per square foot in the Liberty Lakes - Freedom Series 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.
Redwood VoloHaydenwood Sunroom2BR,2BA$1.77
The Meadows Apartments LakemoorTownhome2BR,2.5BA$1.52
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.48
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.68
The Paths of Walnut Ridge2BR/2B TH2BR,2BA$1.48
Taylor Place2br 2ba2BR,2BA$1.28
Fawn Ridge ApartmentsWynstone2BR,2BA$1.77
The Church Street Apartments1 Bedroom1BR,1BA$1.63
Northfield CourtSummit1BR,1BA$1.57

Quick Rent Budget Calculator

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Pet Friendly Lifestyle

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Pet Friendliness Lifestyle Score

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

Explore Greenwood, IL Rentals by Map

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See the most popular apartments and homes in Greenwood, IL

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Getting Around Greenwood, IL

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,101 at Northfield Court.

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 $1,187 at Northfield Court.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Taylor Place and starts from $1,505.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.