Cheap Apartments for Rent in Greenwood, MO from $400 (36 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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Summit Ridge Apartments
Rent Specials
$1,284 - $2,541
Total Monthly Price

Total Monthly Price

Base Rent
$1,284 - $2,541
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Summit Ridge Apartments

701 NE Tudor RdLee's Summit, MO 64086
Corporate Housing
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The Donovan
$1,324 - $2,844
Total Monthly Price

Total Monthly Price

Base Rent
$1,324 - $2,844
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
property at 5 NW O'Brien Rd

$995 - $1,095

1 To 2 Bedroom Rentals

Available Jul 10

5 NW O'Brien Rd

Lee's SummitMO64063

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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Le Grand Apartments
1 to 2 Bedroom Apartments

Le Grand Apartments

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

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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Showing Results 1-36, Page 1 of 1

Greenwood, MO Local Guide

Cheapest Neighborhoods for Apartments in Greenwood, MO

Pricing Updated: 06/14/2026

Current apartment rentals in the Greenwood, MO 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Arrowhead$1,938$1,39814

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 $855. 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 - 2 Bedroom 1 Bath Apartment2BR,1BA$855
The Lodge ApartmentsPartial Rehab2BR,1BA$950
Summit East Plaza Apartments1 Bedroom 1 Bath1BR,1BA$1,025
View@982 Bed 1 Bath | A2BR,1BA$1,125
Pheasant Run ApartmentsAR1BR,1BA$1,149
The Manor Homes of Eagle GlenHarrier1BR,1BA$1,232
Meridian at View HighAintree1BR,1BA$1,250
Blackwell LivingS1Studio,1BA$1,258
Summit Ridge ApartmentsElbert1BR,1BA$1,284
The Fairways Apartment HomesAR - Augusta Renovated1BR,1BA$1,316

Best Value Apartments for Rent in Greenwood, MO and Nearby

As of June 14, 2026 the best value apartment in the Greenwood area is the $1.27 price per square foot 3BR/2.5BA Model at Eagle Creek in the in the Longview neighborhood starting from $1,729. The second greatest value Greenwood apartment is the Graystone 1 Model at Chapel Ridge Townhomes starting at $1,891 with a $1.50 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.
Eagle Creek3BR/2.5BA3BR,2.5BA$1.27
Chapel Ridge TownhomesGraystone 12BR,2.5BA$1.50
Chapman Ridge TownhomesElm3BR,2BA$1.45
The Manor Homes of Arborwalk ApartmentsThe Lancaster3BR,2BA$1.50
Signature at West PryorTaylor2BR,2BA$1.58
View@982 Bed 2 Bath | C2BR,2BA$1.13
AscendA12BR,1.5BA$1.51
Crossroads of Lee's Summit2 bedroom Ranch2BR,2BA$1.53
The Lodge ApartmentsRehab Unit2BR,1BA$1.35
Summit East Plaza Apartments1 Bedroom 1 Bath1BR,1BA$1.42

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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Real 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.

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Quick 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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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 $1,258.

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

The lowest price for a Cheap One Bedroom Greenwood Apartment is $914 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 $855 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 Maple Estates and starts from $1,537.

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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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.

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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.

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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.

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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.