3321 Eastwind Ct
IndianapolisIN46227
Cheap Homes for Rent in Greenwood, IN from $300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Greenwood.
8149 Trevellian Way
IndianapolisIN46217
341 Miller Dr
GreenwoodIN46142
350 Miller Dr
GreenwoodIN46142
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
138 Crestwood Dr
New WhitelandIN46184
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$1,349Studio Apartments Available Now
Furnished Studio-Indianapolis - Greenwood
1009 Greenwood Springs DrGreenwood, IN 46143
7909 Southfield Dr
SouthportIN46227
3741 Lima Ct
IndianapolisIN46227
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.
88 Keran Manor Ct
GreenwoodIN46142
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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 | $1,345 | $1,240 | $1,450 |
| Greenwood 3 Bedroom Homes for Rent | $1,935 | $1,300 | $4,500 |
| Greenwood 4 Bedroom Homes for Rent | $2,293 | $1,860 | $4,950 |
| Greenwood 5 Bedroom Homes for Rent | $2,769 | $2,520 | $3,200 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Greenwood
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Greenwood, IN Local Guide
- Greenwood Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Greenwood, IN
Pricing Updated: 05/21/2026Current 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 | $1,825 | $775 | 747 |
Cheapest Available Greenwood Apartments for Rent
The cheapest available apartment rental in Greenwood, IN is a Studio unit found at Clearview in the Tracy Commons neighborhood priced from $735. Waterbury Apartments in the Tracy Commons neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Clearview | The Bristol | Studio,1BA | $735 |
| Waterbury Apartments | Studio | Studio,1BA | $775 |
| South & Madison | E2 | Studio,1BA | $809 |
Best Value Apartments for Rent in Greenwood, IN
As of May 21, 2026 the best value apartment in the Greenwood area is the $1.05 price per square foot 2 Bed/2.5 Bath Town Home Model at Greenwood Oaks in the in the Tracy Commons neighborhood starting from $1,349. The second greatest value Greenwood apartment is the Spire Model at The Village at Sandstone Apartments starting at $1,490 with a $1.34 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 | $1.05 |
| The Village at Sandstone Apartments | Spire | 2BR,2BA | $1.34 |
| Lakes of Windsor | Churchill | 2BR,2BA | $1.39 |
| Autumn Chase | 2 Bd/2 Ba (H w/F) | 2BR,2BA | $1.27 |
| Oak Park | B2 Timber Upgrade | 2BR,1BA | $1.21 |
| Encore Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.30 |
| South & Madison | B2 | 2BR,1BA | $1.19 |
| The Sterling | The Remington | 2BR,1BA | $1.10 |
| Greentree Apartments | 2x1 Classic | 2BR,1BA | $1.31 |
| SOUTHPORT AT BUCK CREEK | 1 Bedroom | 1BR,1BA | $1.20 |
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.
Read Article
Your 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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Greenwood, INPopulation: 58,778
Ranked #645
in US Census Population by City
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
Frequently Asked Questions about Greenwood
What type of rentals are currently available in Greenwood?
There are currently 119 Apartments for Rent in Greenwood, IN with pricing that ranges from $775 to $5,711. There are also 106 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $320 to $4,950.
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 $320 to $4,950 with an average monthly rent of $1,732.
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 $5,711, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,860 and Four Bedroom Apartments start at $1,575.
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.
Helpful Local Expert Guides
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.
Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters
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Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.
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My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.
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Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.