Cheap Homes for Rent in Greenwood, MS from $500 (9 Rentals)

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Search the lowest-cost Homes 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.

property at 232 Oregon St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Now

232 Oregon St

GreenvilleMS38703

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.

Greenwood, MS Local Guide

Cheapest Available Greenwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Greenwood, MS is a 3 Beds unit found at Delta Village Mobile Home Community priced from $650. Flatts at South Campus in the The Square neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Greenwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$650
Flatts at South Campus4 Bedroom (D3)4BR,3BA$699
Farmview Estates2X12BR,1BA$700

Best Value Apartments for Rent in Greenwood, MS and Nearby

As of May 30, 2026 the best value apartment in the Greenwood area is the $0.39 price per square foot The Roman Model at Villa West in the starting from $899. The second greatest value Greenwood apartment is the 4 Bedroom (D1) Model at Flatts at South Campus starting at $729 with a $0.52 price per square foot in the The Square 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.
Villa WestThe Roman4BR,3BA$0.39
Flatts at South Campus4 Bedroom (D1)4BR,4BA$0.52
Taylor Bend3x33BR,3BA$1.61
Redpoint Oxford2 Bedroo, 2.5 Bathroom2BR,2.5BA$0.83
Grenada Estates2x22BR,2BA$0.74
Delta Village Mobile Home Community3 Bedroom 2 Bath STD3BR,2BA$0.68
Heritage Park2 Bedroom Two Bathroom2BR,2BA$1.20
Farmview Estates2X12BR,1BA$0.78
The Links & The Greens at OxfordClassic Deluxe IV | Greens1BR,1BA$1.66
Sunset Village Apartments1 Bed, 1 bath1BR,1BA$1.35

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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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!

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Frequently Asked Questions about Greenwood

What type of rentals are currently available in Greenwood?

There are currently 47 Apartments for Rent in Greenwood, MS with pricing that ranges from $550 to $3,200. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Greenwood ranging from $525 to $3,600.

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 $525 to $3,600 with an average monthly rent of $1,789.

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 $750 to $3,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $3,600. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $699.

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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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.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

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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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.