Cheap Apartments for Rent in the Turfway Park Neighborhood of Greenwood, IN from $300 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Turfway Park area of Greenwood.

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.

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Greenwood MHP
2 to 3 Bedroom Apartments

Greenwood MHP

7248 W Stones Crossing RdGreenwood, IN 46143
  • Utilities Included
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The Gables
1 to 4 Bedroom Apartments

The Gables

826 Ryland StGreenwood, IN 46143
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Stonehedge Apartments
1 to 2 Bedroom Apartments

Stonehedge Apartments

1563 Stonehedge CtGreenwood, IN 46142
Corporate Housing
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Meridian Oaks
1 to 3 Bedroom Apartments

Meridian Oaks

187 Love AveGreenwood, IN 46142

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Turfway Park, Greenwood, IN Local Guide

Cheapest Available Turfway Park Apartments for Rent

 

The cheapest available apartment rental in the Turfway Park area of Indianapolis, IN is a 1 Bed unit found at Beechmill Apartments priced from $985. Waterford Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Turfway Park apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Beechmill ApartmentsBeech1BR,1BA$985
Waterford Place ApartmentsThe Limerick1BR,1BA$995
Stonehedge ApartmentsThe Solis1BR,1BA$1,119
Buffalo Creek ApartmentsScarlet1BR,1BA$1,134
Bayshore ApartmentsE Harbor Bay 2.1 Up2BR,1BA$1,165

Best Value Apartments for Rent in Turfway Park, IN

As of April 10, 2026 the best value apartment in the Turfway Park area is the $1.25 price per square foot The Wellington Renovated Model at Devonshire Apartments in the in the Barton Lakes neighborhood starting from $1,317. The second greatest value Turfway Park apartment is the 2x2 Model at Pinebrook Apartments starting at $1,450 with a $1.39 price per square foot in the Barton Lakes neighborhood. Here is today’s list of the best values for Turfway Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Devonshire ApartmentsThe Wellington Renovated2BR,2BA$1.25
Pinebrook Apartments2x22BR,2BA$1.39
Copper Chase at Stones CrossingBismuth1BR,1BA$1.40
Honey CreekHive Renovated2BR,2BA$1.38
Library Park2x22BR,2BA$1.60
Stonehedge ApartmentsThe Solis1BR,1BA$1.41
Community Place2A2BR,1BA$1.66
Bayshore ApartmentsA Catalina Bay 1.1 Dn1BR,1BA$1.69
Waterford Place ApartmentsThe Limerick1BR,1BA$1.53
Beechmill ApartmentsBeech1BR,1BA$1.52

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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.

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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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Frequently Asked Questions about Cheap Turfway Park Apartments

What is the price of a cheap apartment in Turfway Park?

The cheapest apartment in Turfway Park is Beechmill Apartments which is listed at $985, while the average apartment in Turfway Park costs $1,771.

What types of apartments are the cheapest in Turfway Park?

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 6 regular apartments in Turfway Park 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 Turfway Park?

Cheap apartments in Turfway Park have an average cost of $136 which is $1,635 cheaper than the average rent for all rentals in Turfway Park.

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

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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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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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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.