
Cheap Apartments for Rent in Greenwood, IL from $1,000 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.


Tan Oak Apartments

Northfield Court

Total Monthly Price
Autumn Glen Apartment Homes

Geneva Estates

Garden Quarter Apartments

Fawn Ridge 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.

Patriot Oaks (FKA Timber Oaks)

The Paths of Walnut Ridge

The Residences of Fox Meadows

Patriot Prairie of Woodstock (FKA Prairie View)

The Woods of Terra Springs

Darlington Court Apartments

Highlands of Kensington 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.

Geneva Meadows

The Blake at Fox River

Oakbrook Estates- Senior 55+ Community

Total Monthly Price
The Meadows Apartments Lakemoor

Tuckaway Townhomes

Taylor Place

45 Nassau Colony
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.

Harbor View Apartments

4301 W Shamrock Ln

4314 W Shamrock Ln

4302 W Shamrock Ln

216 E South St

32 Montego Colony

14 Lincoln Pkwy
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.

28600 W Grass Lake Rd
Greenwood, IL Local Guide

How much does it cost to rent an apartment in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood Studio Apartments | $1,241 | $1,060 | $1,350 |
| Greenwood 1 Bedroom Apartments | $1,485 | $1,099 | $2,325 |
| Greenwood 2 Bedroom Apartments | $1,814 | $1,150 | $3,197 |
| Greenwood 3 Bedroom Apartments | $2,585 | $1,480 | $3,892 |
Browse Top Apartments in Greenwood
See all Apartments in GreenwoodExplore Greenwood
Greenwood, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Greenwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Greenwood, IL is a Studio unit found at Willow Brooke in the Savanna Grove neighborhood priced from $1,050. Northfield Court has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,134. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Willow Brooke | Studio | Studio,1BA | $1,050 |
| Northfield Court | Valley View | 1BR,1BA | $1,134 |
| Geneva Estates | First Month Rent Free - 2 Bed 1 Bath Upper | 2BR,1BA | $1,249 |
| Patriot Oaks (FKA Timber Oaks) | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,307 |
| Patriot Prairie of Woodstock (FKA Prairie View) | 2X1 | 2BR,1BA | $1,375 |
| Geneva Meadows | 2BR/1.0BA | 2BR,1BA | $1,450 |
| The Paths of Walnut Ridge | 2 Bed / 2 Bath | 2BR,2BA | $1,480 |
| The Blake at Fox River | Ellory Terrace | 1BR,1BA | $1,490 |
| Darlington Court Apartments | one bed One bath | 1BR,1BA | $1,534 |
| The Meadows Apartments Lakemoor | Marigold | 1BR,1BA | $1,553 |
Best Value Apartments for Rent in Greenwood, IL and Nearby
As of February 24, 2026 the best value apartment in the Greenwood area is the $1.42 price per square foot One bedroom/long den Model at The Villas At Patriot Estates in the in the Lincoln Hills neighborhood starting from $1,915. The second greatest value Greenwood apartment is the 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay starting at $1,900 with a $1.52 price per square foot in the Amber Shores 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. |
|---|---|---|---|
| The Villas At Patriot Estates | One bedroom/long den | 1BR,2.5BA | $1.42 |
| West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.52 |
| Fawn Ridge Apartments | Woodruff Plus | 3BR,2BA | $1.43 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.77 |
| Residence of Fairway Greens | CB121.5 Two Bed One and One half bath | 2BR,1.5BA | $1.81 |
| The Paths of Walnut Ridge | 2 Bed / 2 Bath | 2BR,2BA | $1.51 |
| Tuckaway Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1.70 |
| Geneva Estates | First Month Rent Free - 2 Bed 1 Bath Lower Pati... | 2BR,1BA | $1.79 |
| Northfield Court | Summit | 1BR,1BA | $1.62 |
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
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Greenwood, IL Rentals by Map
See the most popular apartments and homes in Greenwood, IL
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 $1,134 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 $1,249 at Geneva Estates.
What is the most affordable Greenwood Three Bedroom Apartment?
The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Patriot Prairie of Woodstock (FKA Prairie View) and starts from $1,480.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.