Cheap Homes for Rent in Greenwood, IN from $300 (10 Rentals)

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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.

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.

Greenwood, IN Local Guide

Cheapest Neighborhoods for Apartments in Greenwood, IN

Pricing Updated: 07/31/2025

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$1,899$600476

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 ListingModel NameBed/BathPriced From
Windsor CourtStandard One Bedroom (SN1)1BR,1BA$728
Waterbury ApartmentsStudioStudio,1BA$750
South & MadisonA11BR,1BA$842

Best Value Apartments for Rent in Greenwood, IN

As of July 31, 2025 the best value apartment in the Greenwood area is the $1.10 price per square foot Palladium Model at Copper Chase at Stones Crossing in the in the Barton Lakes neighborhood starting from $1,518. The second greatest value Greenwood apartment is the 2 Bedroom 1.5 Bath Townhome Model at Mansfield Village Townhomes starting at $1,650 with a $1.24 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.
Copper Chase at Stones CrossingPalladium2BR,2BA$1.10
Mansfield Village Townhomes2 Bedroom 1.5 Bath Townhome2BR,1.5BA$1.24
Auburn Place ApartmentsMerlot2BR,1.5BA$1.21
Stonehedge ApartmentsThe Luna2BR,1BA$1.28
Oak ParkTimber2BR,1BA$1.13
Encore Apartments2BR/1.5BA2BR,1.5BA$1.30
SOUTHPORT AT BUCK CREEK2 Bedroom2BR,1BA$1.32
Beechmill ApartmentsOak2BR,1.5BA$1.31
The SterlingThe Lexington1BR,1BA$1.32
South & MadisonA11BR,1BA$1.20

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Frequently Asked Questions about Greenwood

What type of rentals are currently available in Greenwood?

There are currently 116 Apartments for Rent in Greenwood, IN with pricing that ranges from $600 to $2,970. There are also 127 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $375 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 $375 to $3,500 with an average monthly rent of $1,834.

How much are larger Three and Four Bedroom Rentals in Greenwood?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Greenwood range from $1,130 to $2,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,249 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,695.

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.

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

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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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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.