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$755 - $2,785Studio to 2 Bedroom Apartments Available Now
Clearview
715 Clearview DrGreenwood, IN 46143
Cheap Apartments for Rent in Greenwood, IN from $300 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.
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$775 - $1,015Studio to 2 Bedroom Apartments Available Now
Waterbury Apartments
421 Waterbury StGreenwood, IN 46142
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$823 - $2,480Studio to 3 Bedroom Apartments Available Now
Polo Run Apartments
800 Kings Mill RdGreenwood, IN 46142
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$864 - $1,3741 to 2 Bedroom Apartments Available Now
Courts of Valle Vista
714 Connors DrGreenwood, IN 46143
742 Loews Blvd
GreenwoodIN46142
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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.
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628 Wooddale Terrace
GreenwoodIN46142
8149 Trevellian Way
IndianapolisIN46217
3321 Eastwind Ct
IndianapolisIN46227
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.
8132 Bold Forbes Ct
IndianapolisIN46217
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$805 - $1,235Studio to 2 Bedroom Apartments Available Now
Encore Apartments
8035 Preidt PlIndianapolis, IN 46237
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$810 - $1,4401 to 2 Bedroom Apartments Available Now
Meridian Court South
7266 Lockwood LnIndianapolis, IN 46217
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$820 - $1,150Studio to 2 Bedroom Apartments Available Now
Sherbrook
8026 McFarland CtIndianapolis, IN 46227
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$850 - $1,0701 to 3 Bedroom Apartments Contact Us For Availability
Greentree Apartments
2524 Tamarack LnIndianapolis, IN 46227
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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.
Showing Results 1-24, 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 | $1,090 | $755 | $1,381 |
| Cheap Greenwood 1 Bedroom Apartments | $1,225 | $775 | $2,370 |
| Cheap Greenwood 2 Bedroom Apartments | $1,497 | $883 | $2,785 |
| Cheap Greenwood 3 Bedroom Apartments | $1,772 | $1,299 | $7,701 |
| Cheap Greenwood 4 Bedroom Apartments | $1,700 | $1,675 | $1,725 |
Browse Top Apartments in Greenwood
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Greenwood, IN Local Guide
- Greenwood Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Greenwood, IN
Pricing Updated: 12/20/2025Current 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 | 790 |
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. Clearview in the Tracy Commons neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $755. 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 |
| Clearview | The Bristol | Studio,1BA | $755 |
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| South & Madison | E2 | Studio,1BA | $809 |
| Sherbrook | Studio | Studio,1BA | $820 |
Best Value Apartments for Rent in Greenwood, IN
As of December 20, 2025 the best value apartment in the Greenwood area is the $1.17 price per square foot 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks in the in the Tracy Commons neighborhood starting from $1,499. The second greatest value Greenwood apartment is the 2x2 R-Prem Model at Park Madison Apartments starting at $1,450 with a $1.26 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.17 |
| Park Madison Apartments | 2x2 R-Prem | 2BR,2BA | $1.26 |
| Yorktowne Farms Community | 2 Bed 2.5 Bath Townhome | 2BR,2.5BA | $1.25 |
| Oak Park | Dale - Upgraded | 2BR,1BA | $1.28 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| Keeneland Crest Apartments | Tuscan | 1BR,1BA | $1.38 |
| Summit Pointe | The Columbus | 1BR,1BA | $1.22 |
| Berkley Commons | Two Bedroom One Bath | 2BR,1BA | $1.31 |
| The Sterling | The Lexington | 1BR,1BA | $1.28 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.30 |
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.
Read ArticleYour 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
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.
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Pet Friendly LifestyleGreenwood, IN
Ranked #9
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 a cheap apartment in Greenwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Greenwood is under $945.
What is the price of a cheap apartment in Greenwood?
The cheapest apartment in Greenwood is Windsor Court which is listed at $728, while the average apartment in Greenwood costs $1,899.
What types of apartments are the cheapest in Greenwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 36 regular apartments in Greenwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Greenwood?
Cheap apartments in Greenwood have an average cost of $187 which is $1,712 cheaper than the average rent for all rentals in Greenwood.
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
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!