Cheap Homes for Rent in Greenwood, IL from $1,000 (8 Rentals)

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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.

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.

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 $1,134. Willow Brooke in the Savanna Grove neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,240. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northfield CourtValley View1BR,1BA$1,134
Willow BrookeOne Bedroom1BR,1BA$1,240
Patriot Oaks (FKA Timber Oaks)1 Bedroom 1 Bathroom1BR,1BA$1,307

Best Value Apartments for Rent in Greenwood, IL and Nearby

As of March 04, 2026 the best value apartment in the Greenwood area is the $1.19 price per square foot 3 Bedroom Model at The Church Street Apartments in the in the Park Place neighborhood starting from $2,500. The second greatest value Greenwood apartment is the One bedroom/long den Model at The Villas At Patriot Estates starting at $1,915 with a $1.42 price per square foot in the Lincoln Hills 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.
The Church Street Apartments3 Bedroom3BR,2BA$1.19
The Villas At Patriot EstatesOne bedroom/long den1BR,2.5BA$1.42
Redwood VoloMeadowood2BR,2BA$1.93
West Harbor Residences at Reva Bay2 Beds, 2 baths2BR,2BA$1.52
Oakbrook Estates- Senior 55+ CommunityChampion Single Wide3BR,2BA$1.42
River PlaceResidence #5, 6, 7 and 8 (Plus Den)1BR,2BA$1.77
Tuckaway Townhomes2 Bedroom Townhome2BR,2BA$1.70
Patriot Prairie of Woodstock (FKA Prairie View)1X11BR,1BA$1.90
Northfield CourtSummit1BR,1BA$1.62
Willow BrookeOne Bedroom1BR,1BA$1.84

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.

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The 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.

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Cash 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.

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

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Frequently Asked Questions about Greenwood

What type of rentals are currently available in Greenwood?

There are currently 39 Apartments for Rent in Greenwood, IL with pricing that ranges from $588 to $4,017. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $1,000 to $4,500.

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 $1,000 to $4,500 with an average monthly rent of $1,942.

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

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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.

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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.

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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.

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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.