close
View Me
$750 - $1,015Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
Cheap Apartments for Rent in Greenwood, IN from $300 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.
close
View Me
$812 - $2,405Studio to 3 Bedroom Apartments Available Oct 7
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
close
View Me
close
View Me
close
View Me
close
View Me
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.
close
View Me
close
View Me
close
View Me
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.
close
View Me
8149 Trevellian Way
IndianapolisIN46217
close
View Me
close
View Me
$805 - $1,235Studio to 2 Bedroom Apartments Available Now
Encore Apartments
8035 Preidt PlIndianapolis, IN 46237
close
View Me
Rent Specials
$839 - $1,149Studio to 2 Bedroom Apartments Available Now
Sherbrook
8026 McFarland CtIndianapolis, IN 46227
close
View Me
Rent Specials
$840 - $1,5901 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
close
View Me
Rent Specials
$875 - $1,6751 to 4 Bedroom Apartments Available Now
Berkley Commons
8201 Madison AveIndianapolis, IN 46227
close
View Me
Rent Specials
$899 - $1,0991 to 3 Bedroom Apartments Available Now
Greentree Apartments
2524 Tamarack LnIndianapolis, IN 46227
close
View Me
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.
close
View Me
close
View Me
Showing Results 1-20, Page 1 of 1
Greenwood, IN Local Guide
Main Street in downtown Greenwood by Wiki User: Nyttend is licensed under Internal
How much does it cost to rent an apartment in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Greenwood Studio Apartments | $1,183 | $750 | $1,697 |
| Cheap Greenwood 1 Bedroom Apartments | $1,238 | $600 | $1,977 |
| Cheap Greenwood 2 Bedroom Apartments | $1,493 | $920 | $2,320 |
| Cheap Greenwood 3 Bedroom Apartments | $1,744 | $1,345 | $2,614 |
| Cheap Greenwood 4 Bedroom Apartments | $1,691 | $1,675 | $1,725 |
Browse Top Apartments in Greenwood
See all Apartments in GreenwoodExplore Greenwood
Greenwood, IN Local Guide
- Greenwood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Greenwood, IN
Pricing Updated: 09/18/2025Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Southside Indianapolis | $1,899 | $665 | 587 |
Cheapest Available Greenwood Apartments for Rent
The cheapest available apartment rental in Greenwood, IN is a 1 Bed unit found at Windsor Court in the Winchester Village neighborhood priced from $728. Waterbury Apartments in the Tracy Commons neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $750. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Windsor Court | Standard One Bedroom (SN1) | 1BR,1BA | $728 |
| Waterbury Apartments | Studio | Studio,1BA | $750 |
| South & Madison | E2 | Studio,1BA | $840 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $929 |
| The Sycamores | A1 The Sycamores 1/1 | 1BR,1BA | $975 |
Best Value Apartments for Rent in Greenwood, IN
As of September 18, 2025 the best value apartment in the Greenwood area is the $1.02 price per square foot Rosewood Model at Auburn Place Apartments in the in the Winchester Village neighborhood starting from $1,480. The second greatest value Greenwood apartment is the 2 Bed 2.5 Bath Townhome Model at Yorktowne Farms Community starting at $1,350 with a $1.25 price per square foot in the Tracy Commons 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. |
|---|---|---|---|
| Auburn Place Apartments | Rosewood | 3BR,1.5BA | $1.02 |
| Yorktowne Farms Community | 2 Bed 2.5 Bath Townhome | 2BR,2.5BA | $1.25 |
| Stonehedge Apartments | The Luna | 2BR,1BA | $1.29 |
| Oak Park | Timber | 2BR,1BA | $1.08 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| Copper Chase at Stones Crossing | Bismuth | 1BR,1BA | $1.31 |
| Summit Pointe | The Tanzania | 1BR,1BA | $1.35 |
| Beechmill Apartments | Elm | 2BR,1BA | $1.32 |
| The Sterling | The Lexington | 1BR,1BA | $1.32 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.33 |
Quick 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
Pet Friendly LifestyleGreenwood, IN
Ranked #8
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Greenwood, IN
Center Grove Middle School Central
Center Grove Com Sch Corp
Public School - Grades 6-8 (1213)
8 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Greenwood, IN Rentals by Map
See the most popular apartments and homes in Greenwood, IN
Getting Around Greenwood, IN
Walk Score®
41 / 100
Car-Dependent
Most errands require a car
Bike Score®
43 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
1 / 100
Minimal Transit
It may be possible to get on a bus
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $750.
How much is rent for a Cheap One Bedroom Greenwood Apartment?
The lowest price for a Cheap One Bedroom Greenwood Apartment is $728 at Windsor Court.
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 $975 at Windsor Court.
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 $1,293.
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.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.