
Cheap Homes for Rent in Greenwood, IN from $300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.


8149 Trevellian Way
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8109 Johnstown Ct

811 Riverside Dr

807 Riverside Dr

303 N Madison Ave

73 1/2 E Broadway St

1615 E Southport Rd
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2866 Punto Alto Ct
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 | $1,535 | $1,250 | $1,695 |
Greenwood 3 Bedroom Homes for Rent | $1,843 | $1,249 | $3,500 |
Greenwood 4 Bedroom Homes for Rent | $2,160 | $1,450 | $2,890 |
Greenwood 5 Bedroom Homes for Rent | $2,625 | $2,350 | $3,250 |
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
- Greenwood Neighborhoods
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Cheapest Neighborhoods for Apartments in Greenwood, IN
Pricing Updated: 07/31/2025Current 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 | $600 | 476 |
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 | A1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Copper Chase at Stones Crossing | Palladium | 2BR,2BA | $1.10 |
Mansfield Village Townhomes | 2 Bedroom 1.5 Bath Townhome | 2BR,1.5BA | $1.24 |
Auburn Place Apartments | Merlot | 2BR,1.5BA | $1.21 |
Stonehedge Apartments | The Luna | 2BR,1BA | $1.28 |
Oak Park | Timber | 2BR,1BA | $1.13 |
Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
SOUTHPORT AT BUCK CREEK | 2 Bedroom | 2BR,1BA | $1.32 |
Beechmill Apartments | Oak | 2BR,1.5BA | $1.31 |
The Sterling | The Lexington | 1BR,1BA | $1.32 |
South & Madison | A1 | 1BR,1BA | $1.20 |
Quick Rent Budget Calculator
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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.

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis
Written by: Wendy Melton
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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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
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