10315 IL-47
HebronIL60034
Cheap Homes for Rent in Greenwood, IL from $900 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.
4312 W Shamrock Ln
McHenryIL60050
727 Elm Ln
WoodstockIL60098
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
416 Clay St
WoodstockIL60098
730 N Seminary Ave
WoodstockIL60098
531 Leah Ln
WoodstockIL60098
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.
Showing Results 1-6, 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 | $1,888 | $975 | $3,197 |
| Greenwood 3 Bedroom Homes for Rent | $2,444 | $1,750 | $3,500 |
| Greenwood 4 Bedroom Homes for Rent | $2,989 | $2,500 | $3,495 |
Browse Top Homes for Rent in Greenwood
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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 $1,151. Tan Oak Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,249. 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 | $1,151 |
| Tan Oak Apartments | 2 Bed 1 Bath Remodeled | 2BR,1BA | $1,249 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1,280 |
Best Value Apartments for Rent in Greenwood, IL and Nearby
As of June 04, 2026 the best value apartment in the Greenwood area is the $2.00 price per square foot Forestwood Model at Redwood Volo in the in the Liberty Lakes - Freedom Series neighborhood starting from $2,587. 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. |
|---|---|---|---|
| Redwood Volo | Forestwood | 2BR,2BA | $2.00 |
| West Harbor Residences at Reva Bay | 2 Beds, 2 baths | 2BR,2BA | $1.52 |
| Oakbrook Estates- Senior 55+ Community | Champion Single Wide | 3BR,2BA | $1.42 |
| River Place | Residence #5, 6, 7 and 8 (Plus Den) | 1BR,2BA | $1.82 |
| Tuckaway Townhomes | 2 Bedroom Townhome | 2BR,2BA | $1.70 |
| Patriot Prairie of Woodstock | 2X1 | 2BR,1BA | $1.79 |
| Tan Oak Apartments | 2 Bed 1 Bath Remodeled | 2BR,1BA | $1.45 |
| Geneva Estates | 2 Bed 1 Bath Upper - Remodeled | 2BR,1BA | $1.93 |
| Northfield Court | Summit | 1BR,1BA | $1.64 |
| Willow Brooke | One Bedroom | 1BR,1BA | $1.90 |
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.
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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 $3,662. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $975 to $3,500.
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 $975 to $3,500 with an average monthly rent of $2,170.
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
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.