
Cheap Homes for Rent in Greenwood, IL from $600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.


805 W Friendly Ave
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.

4301 W Shamrock Ln

765 Washington St

301 N Madison St

638 St Johns Rd

1186 Greenwood Cir
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.

1 N Maple Ave

1620 S River Rd

168 Heather Dr
Greenwood, IL Local Guide

How much does it cost to rent a home in Greenwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Greenwood 2 Bedroom Homes for Rent | $1,902 | $675 | $2,500 |
Greenwood 3 Bedroom Homes for Rent | $2,308 | $1,500 | $3,200 |
Greenwood 4 Bedroom Homes for Rent | $2,748 | $2,249 | $3,200 |
Greenwood 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Greenwood
Explore Greenwood
Greenwood, IL Local Guide
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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 $1,215. Here is today’s list of the most affordable Greenwood apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Northfield Court | Valley View | 1BR,1BA | $1,101 |
Timber Oaks (Patriot Oaks) | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,215 |
The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Greenwood, IL and Nearby
As of July 13, 2025 the best value apartment in the Greenwood area is the $1.48 price per square foot 2 Beds, 2 baths Model at West Harbor Residences at Reva Bay in the in the Amber Shores neighborhood starting from $1,850. The second greatest value Greenwood apartment is the Champion Single Wide Model at Oakbrook Estates- Senior 55+ Community starting at $1,700 with a $1.42 price per square foot in the East Suburban McHenry 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. |
---|---|---|---|
West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.48 |
Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.68 |
The Paths of Walnut Ridge | 2 Bed / 2 Bath | 2BR,2BA | $1.50 |
Taylor Place | 2br 2ba | 2BR,2BA | $1.28 |
Residence of Fairway Greens | CB121.5 Two Bed One and One half bath | 2BR,1BA | $1.90 |
Prairie View (Patriot Prairie of Woodstock) | 2X1 | 2BR,1BA | $1.69 |
The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.63 |
Northfield Court | Summit | 1BR,1BA | $1.57 |
Timber Oaks (Patriot Oaks) | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.89 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Greenwood
What type of rentals are currently available in Greenwood?
There are currently 38 Apartments for Rent in Greenwood, IL with pricing that ranges from $999 to $3,843. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $675 to $3,200.
What is the current price range for Rental Homes in Greenwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Greenwood ranges from $675 to $3,200 with an average monthly rent of $2,296.
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.

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.

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.

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.

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.