Cheap Apartments for Rent in Greenwood, MO from $400 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in 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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Residences at Echelon
Rent Specials
$1,312 - $4,758
Total Monthly Price

Total Monthly Price

Base Rent
$1,312 - $4,758
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Residences at Echelon

3500 SW Hollywood DrLee's Summit, MO 64082
Corporate Housing
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The Donovan
Rent Specials
$1,334 - $2,454
Total Monthly Price

Total Monthly Price

Base Rent
$1,334 - $2,454
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

The Donovan

837 Donovan RdLee's Summit, MO 64086
Affordability
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  • Customer Reviewed
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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.

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Wilshire Hills III
1 to 2 Bedroom Apartments

Wilshire Hills III

3200 Northeast Wilshire DriveLee's Summit, MO 64064
Senior Living

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.

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Le Grand Apartments
1 to 2 Bedroom Apartments

Le Grand Apartments

305 SE Grand AveLee's Summit, MO 64063
Senior Living

The Art of the Rental Viewing: What to look for during a property tour

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.

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Century West Pryor
1 to 2 Bedroom Apartments

Century West Pryor

940 NW Pryor RdLee's Summit, MO 64081
Corporate Housing
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Greenwood, MO Local Guide

Cheapest Available Greenwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Greenwood, MO is a 2 Beds unit found at Maple Estates in the Henley Meadows neighborhood priced from $899. The Lodge Apartments in the Henley Meadows neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Maple EstatesME - 1 Bedroom 1 Bath Apartment2BR,1BA$899
The Lodge ApartmentsPartial Rehab2BR,1BA$950
Summit East Plaza Apartments1 Bedroom 1 Bath1BR,1BA$1,025
Pheasant Run ApartmentsA1BR,1BA$1,051
View@982 Bed 1 Bath | A2BR,1BA$1,125
Blackwell LivingS1Studio,1BA$1,198
Summit Ridge ApartmentsElbert1BR,1BA$1,229
Summit CrossingA11BR,1BA$1,255
The Manor Homes of Eagle GlenHarrier1BR,1BA$1,268
The DonovanStudio Apartment (S1)Studio,1BA$1,289

Best Value Apartments for Rent in Greenwood, MO and Nearby

As of April 30, 2026 the best value apartment in the Greenwood area is the $1.11 price per square foot 3 Bedroom 2.5 Baths Townhome - w/Basement Model at Maple 36 in the in the Henley Meadows neighborhood starting from $2,420. The second greatest value Greenwood apartment is the Graystone 1 Model at Chapel Ridge Townhomes starting at $1,903 with a $1.51 price per square foot in the Chapel Ridge neighborhood. Here is today’s list of the best values for Greenwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Maple 363 Bedroom 2.5 Baths Townhome - w/Basement3BR,2.5BA$1.11
Chapel Ridge TownhomesGraystone 12BR,2.5BA$1.51
Chapman Ridge TownhomesElm3BR,2BA$1.43
View@982 Bed 2 Bath | C2BR,2BA$1.09
AscendA12BR,1.5BA$1.46
The Fairways Apartment HomesAR - Augusta Renovated1BR,1BA$1.77
The Lodge ApartmentsRehab Unit2BR,2BA$1.35
Summit East Plaza Apartments1 Bedroom 1 Bath1BR,1BA$1.42
Summit Ridge ApartmentsElbert1BR,1BA$1.77
Maple EstatesME - 1 Bedroom 1 Bath Apartment1BR,1BA$1.75

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Greenwood, MO Rentals by Map

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Frequently Asked Questions about Cheap Greenwood Apartments

What is the Cheapest Studio apartment in Greenwood?

Currently the most affordable Cheap Studio Apartment in Greenwood is at Blackwell Living listed at $1,198.

How much is rent for a Cheap One Bedroom Greenwood Apartment?

The lowest price for a Cheap One Bedroom Greenwood Apartment is $926 at Maple Estates.

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 $899 at Maple Estates.

What is the most affordable Greenwood Three Bedroom Apartment?

The best deal on a cheap Greenwood Three Bedroom Apartment rental is at View@98 and starts from $1,499.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

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

Written by: Lauren Harrington

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

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.