Cheap Apartments for Rent in Greenwood, IN from $300 (99 Rentals)

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Search the lowest-cost Apartments available for rent right now in Greenwood.

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.

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Summit Pointe
$1,239 - $1,692
Total Monthly Price

Total Monthly Price

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$1,239 - $1,692
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Summit Pointe

2400 E Main StGreenwood, IN 46143
Corporate Housing
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Grove Crossing
Rent Specials
$1,345 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,345 - $1,675
Total Monthly Price
$1,345 - $1,675
1 to 2 Bedroom Apartments Available Now

Grove Crossing

1680 Grove Crossing BlvdGreenwood, IN 46143
Senior Living
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Main Street Commons
1 to 2 Bedroom Apartments

Main Street Commons

635 E Main StGreenwood, IN 46143
Senior Living
  • Utilities Included

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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Beacon Pointe Apartments
1 to 4 Bedroom Apartments

Beacon Pointe Apartments

1206 Beacon Pointe DrGreenwood, IN 46143
  • Utilities Included
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Blackstone
1 to 2 Bedroom Apartments

Blackstone

611 N Meridian StGreenwood, IN 46143
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Breeza 32 Apartments
1 to 2 Bedroom Apartments

Breeza 32 Apartments

622 Wooddale TerGreenwood, IN 46142
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Greenwood MHP
2 to 3 Bedroom Apartments

Greenwood MHP

7248 W Stones Crossing RdGreenwood, IN 46143
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Clearview
Studio to 2 Bedroom Apartments

Clearview

715 Clearview DrGreenwood, IN 46143
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The Gables
1 to 4 Bedroom Apartments

The Gables

826 Ryland StGreenwood, IN 46143
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Pebble Creek
2 to 4 Bedroom Apartments

Pebble Creek

225 Pebble Creek DrGreenwood, IN 46143
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Barton Farms
1 to 2 Bedroom Apartments

Barton Farms

1630 Saddle WayGreenwood, IN 46143
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Stonehedge Apartments
1 to 2 Bedroom Apartments

Stonehedge Apartments

1563 Stonehedge CtGreenwood, IN 46142
Corporate Housing

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.

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Bexley Village
1 to 2 Bedroom Apartments

Bexley Village

700 Bexley PlGreenwood, IN 46143
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Meridian Oaks
1 to 3 Bedroom Apartments

Meridian Oaks

187 Love AveGreenwood, IN 46142
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Emerald Lakes
1 to 2 Bedroom Apartments

Emerald Lakes

1180 Emerald Lakes DrGreenwood, IN 46143
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Honey Creek
2 to 3 Bedroom Apartments

Honey Creek

1786 Honey LnGreenwood, IN 46143
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Verge
1 to 3 Bedroom Apartments

Verge

764 Greenwood Springs DrGreenwood, IN 46143

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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Greenwood, IN Local Guide

Cheapest Neighborhoods for Apartments in Greenwood, IN

Pricing Updated: 06/03/2026

Current apartment rentals in the Greenwood, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Greenwood Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Southside Indianapolis$1,825$775855

Cheapest Available Greenwood Apartments for Rent

 

The cheapest available apartment rental in Greenwood, IN is a Studio unit found at Waterbury Apartments in the Tracy Commons neighborhood priced from $775. The Sterling in the Winchester Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Waterbury ApartmentsStudioStudio,1BA$775
The SterlingThe Lexington1BR,1BA$800
South & MadisonE2Studio,1BA$809
SherbrookStudioStudio,1BA$865
Greentree Apartments1x1 Classic1BR,1BA$889
The Fairways at Valle VistaBirdie1BR,1BA$899
Polo Run ApartmentsThe Thoroughbred 2 BR 1 BA2BR,1BA$919
Windsor CourtDeluxe One Bedroom (AN1)1BR,1BA$933
Keeneland Crest ApartmentsBristol1BR,1BA$949
Meridian Court SouthHideaway 1 & 21BR,1BA$950

Best Value Apartments for Rent in Greenwood, IN

As of June 03, 2026 the best value apartment in the Greenwood area is the $1.17 price per square foot The Everest Model at Summit Pointe in the in the Muirfield neighborhood starting from $1,615. The second greatest value Greenwood apartment is the 3x2.5 TH R Model at South Haven Village Apartments starting at $1,755 with a $1.35 price per square foot in the Winchester Village 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.
Summit PointeThe Everest3BR,2BA$1.17
South Haven Village Apartments3x2.5 TH R3BR,2.5BA$1.35
Greenwood Oaks2 Bed/2.5 Bath Town Home2BR,2.5BA$1.17
Lakes of WindsorChurchill2BR,2BA$1.39
Fountain Lake VillasThe Herrington2BR,1BA$1.27
Oak ParkA1 Forest Upgrade1BR,1BA$1.17
Auburn Place2 Bedroom 1 Bath2BR,1BA$1.15
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
South & MadisonB22BR,1BA$1.19
The SterlingThe Remington2BR,1BA$1.13

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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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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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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Greenwood, IN
Population: 58,778

Ranked #645

in US Census Population by City

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Best Local Schools in
Greenwood, IN

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Greenwood Apartments

What is the Cheapest Studio apartment in Greenwood?

Currently the most affordable Cheap Studio Apartment in Greenwood is at Waterbury Apartments listed at $775.

How much is rent for a Cheap One Bedroom Greenwood Apartment?

The lowest price for a Cheap One Bedroom Greenwood Apartment is $800 at The Sterling.

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 $919 at Polo Run Apartments.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at South & Madison and starts from $1,263.

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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

Articles, How-To's, and Tips

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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.

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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.

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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.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.