
Cheap Homes for Rent in Greenwood, IN from $800 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.


3321 Eastwind Ct

8231 Bold Forbes Ct

640 Wooddale Terrace
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807 Riverside Dr

628 Wooddale Terrace

8361 Paso Del Norte Ct

851 N Madison Ave
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

539 W Stop 11 Rd
Greenwood, IN Local Guide

How much does it cost to rent a home in Greenwood?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Greenwood 2 Bedroom Homes for Rent | $1,332 | $903 | $1,650 |
Greenwood 3 Bedroom Homes for Rent | $1,840 | $1,400 | $2,550 |
Greenwood 4 Bedroom Homes for Rent | $2,211 | $1,779 | $3,399 |
Greenwood 5 Bedroom Homes for Rent | $2,839 | $2,350 | $4,100 |
Greenwood 6 Bedroom Homes for Rent | $2,180 | $2,180 | $2,180 |
Browse Top Homes for Rent in Greenwood
Explore Greenwood
Greenwood, IN Local Guide
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Cheapest Neighborhoods for Apartments in Greenwood, IN
Pricing Updated: 06/19/2025Current 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 | $2,735 | $390 | 649 |
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 |
Polo Run Apartments | The Shetland Studio | Studio,1BA | $792 |
Best Value Apartments for Rent in Greenwood, IN
As of June 19, 2025 the best value apartment in the Greenwood area is the $1.02 price per square foot Palladium Model at Copper Chase at Stones Crossing in the in the Barton Lakes neighborhood starting from $1,403. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Copper Chase at Stones Crossing | Palladium | 2BR,2BA | $1.02 |
Mansfield Village Townhomes | 2 Bedroom 1.5 Bath Townhome | 2BR,1.5BA | $1.24 |
South Haven Village Apartments | 3x2.5 TH | 3BR,2.5BA | $1.17 |
Latitudes Apartments | The Voyager 3 BR 2 BA | 3BR,2BA | $1.31 |
Greenwood Oaks | 2 Bed/2.5 Bath Town Home | 2BR,2.5BA | $1.15 |
Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.24 |
Oak Park | Forest | 1BR,1BA | $1.17 |
SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.32 |
Beechmill Apartments | Elm | 2BR,1BA | $1.31 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
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Frequently Asked Questions about Greenwood
What type of rentals are currently available in Greenwood?
There are currently 117 Apartments for Rent in Greenwood, IN with pricing that ranges from $390 to $3,500. There are also 137 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $817 to $4,100.
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 $817 to $4,100 with an average monthly rent of $1,891.
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 $1,390 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,779 and Four Bedroom Apartments start at $1,650.
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.