330 Leah Ln
WoodstockIL60098
Cheap Homes for Rent near Greenwood, IL from $1,000 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.
219 Grove St
WoodstockIL60098
330 Cunat Blvd
RichmondIL60071
216 E South St
WoodstockIL60098
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
3929 Main St
McHenryIL60050
57 Vail Colony St
Fox LakeIL60020
28 Jamaica Colony
Fox LakeIL60020
3004 Michael St
Wonder LakeIL60097
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Showing Results 1-8, Page 1 of 1
Greenwood, IL Local Guide
Sunrise in field by Claire Y. Martin is licensed under CC BY 2.0
How much does it cost to rent a home in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood 2 Bedroom Homes for Rent | $1,927 | $1,195 | $3,197 |
| Greenwood 3 Bedroom Homes for Rent | $2,480 | $1,395 | $2,950 |
| Greenwood 4 Bedroom Homes for Rent | $2,950 | $2,500 | $3,650 |
Browse Top Homes for Rent in Greenwood
Explore 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 1 Bed unit found at McHenry Commons in the Lincoln Hills neighborhood priced from $576. Tan Oak Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| McHenry Commons | Sugar Maple - 30% AMI | 1BR,1BA | $576 |
| Tan Oak Apartments | 1 Bed 1 Bath | 1BR,1BA | $1,099 |
| Northfield Court | Valley View | 1BR,1BA | $1,151 |
Best Value Apartments for Rent in Greenwood, IL and Nearby
As of July 21, 2026 the best value apartment in the Greenwood area is the $1.64 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 $2,050. The second greatest value Greenwood apartment is the Champion Single Wide Model at Oakbrook Estates- Senior 55+ Community starting at $1,500 with a $1.25 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 | $1.64 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.25 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Residence of Fairway Greens | Two bed One Bath | 2BR,1BA | $1.88 |
| McHenry Commons | Hornbeam - 60% AMI | 2BR,2BA | $1.46 |
| The Church Street Apartments | 1 Bedroom | 1BR,1BA | $1.40 |
| Northfield Court | Summit | 1BR,1BA | $1.64 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1.90 |
| Fawn Ridge Apartments | Valley View | 1BR,1BA | $1.81 |
| Tan Oak Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.69 |
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 Article
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.
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.
Let everyone know!
Do you know the Greenwood area?
If you’re an expert on all things Greenwood, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 Greenwood
What type of rentals are currently available in Greenwood?
There are currently 40 Apartments for Rent in Greenwood, IL with pricing that ranges from $576 to $5,283. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $1,099 to $3,650.
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 $1,099 to $3,650 with an average monthly rent of $2,164.
How much are larger Three and Four Bedroom Rentals in Greenwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Greenwood range from $1,460 to $3,590, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,950. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $5,283.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.