
Cheap Apartments for Rent in Greenwood, LA from $500 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.


Colony Square

Fox Trail Apartments

South Pointe Apartments

Tiffany Square

Westwood Village Apartments

Villa Del Lago Apartments

Riverdale

Salem Village
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.

Windsor Housing

Ashford Park - Bedford Park

Lifestyle on Pines Rd

Towers at Cross Lake

Lifestyle at Lakeshore

Lifestyle on Golf Links

Cedar Creek Village

Ashton Pines

Country Crossing Apartments
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.

Castlewood Apartments

River Oaks Apartments

Summer Pointe Apartments

Nantucket Harbor

The Encore on Kingston

331 W 77th St

3551 W College St

2714 Dupont St

3051 Amherst St
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.

3553 W College St

1524 W 59th St

7024 Elsie St

3612 Michigan Blvd

3420 Darien St

3240 Jackson St

4259 Rightway Ave

1838 Lyons St

557 Merrick St
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.

Foxborough Cove

570 Sally Ann Dr

7041 Penny St

715 Boulevard St

4122 Cherokee St

2551 Claiborne Ave

3073 Gorton Rd

6637 Burke St

2933 Hillcrest Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
Greenwood, LA Local Guide

How much does it cost to rent an apartment in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood Studio Apartments | $835 | $607 | $1,063 |
| Greenwood 1 Bedroom Apartments | $814 | $550 | $1,200 |
| Greenwood 2 Bedroom Apartments | $961 | $695 | $1,685 |
| Greenwood 3 Bedroom Apartments | $1,177 | $863 | $1,634 |
| Greenwood 4 Bedroom Apartments | $1,213 | $1,054 | $1,400 |
Browse Top Apartments in Greenwood
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Greenwood, LA Local Guide
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Cheapest Available Greenwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Greenwood, LA is a 1 Bed unit found at HIDDEN COVE in the W Outlying Caddo Parish neighborhood priced from $550. Colony Square in the Southwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $575. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| HIDDEN COVE | 1 Bedroom, 1 Bath | 1BR,1BA | $550 |
| Colony Square | 1BR/1.0BA | 1BR,1BA | $575 |
| Fox Trail Apartments | Magnolia | Studio,1BA | $595 |
| South Pointe Apartments | Chestnut | 1BR,1BA | $596 |
| Villa Del Lago Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
| Riverdale | 1 Bedroom | 1BR,1BA | $685 |
| Salem Village | Calliope | 1BR,1BA | $695 |
| Windsor Housing | One Bed One Bath | 1BR,1BA | $702 |
| Towers at Cross Lake | Cove Cottage | 1BR,1BA | $725 |
| Lifestyle at Lakeshore | 1 Bed 1 Bath | 1BR,1BA | $730 |
Best Value Apartments for Rent in Greenwood, LA and Nearby
As of June 14, 2026 the best value apartment in the Greenwood area is the $0.92 price per square foot Townhouse- Lake View Model at Cross Lake Apartments in the in the Mooretown and Hollywood Heights neighborhood starting from $1,040. The second greatest value Greenwood apartment is the 3 Bed, 1 Bath Model at Townhomes at South Highlands starting at $1,055 with a $0.96 price per square foot in the Westwood 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. |
|---|---|---|---|
| Cross Lake Apartments | Townhouse- Lake View | 2BR,2.5BA | $0.92 |
| Townhomes at South Highlands | 3 Bed, 1 Bath | 3BR,1BA | $0.96 |
| Colony Square | 3BR/2.0BA | 3BR,2BA | $0.91 |
| Nantucket Harbor | Hampton | 2BR,2BA | $0.99 |
| Lifestyle on Pines Rd | 2 Bed 1 Bath | 2BR,1BA | $1.01 |
| Towers at Cross Lake | Cove Cottage | 1BR,1BA | $0.91 |
| Lifestyle at Lakeshore | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
| Villa Del Lago Apartments | 1BR/1.0BA | 1BR,1BA | $0.93 |
| Riverdale | 1 Bedroom | 1BR,1BA | $0.95 |
| South Pointe Apartments | Chestnut | 1BR,1BA | $0.97 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Greenwood, LA
Frequently Asked Questions about Cheap Greenwood Apartments
How much is rent for a Cheap One Bedroom Greenwood Apartment?
The lowest price for a Cheap One Bedroom Greenwood Apartment is $550 at HIDDEN COVE.
What is the lowest price for a Cheap Two Bedroom Greenwood Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Greenwood is starting from $695 at HIDDEN COVE.
What is the most affordable Greenwood Three Bedroom Apartment?
The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Lifestyle at Lakeshore and starts from $900.
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.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.