
Cheap Apartments for Rent near Greenwood, TX from $400 (52 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.


Concrete Jungle Properties-DENTON

Residences at the Union

Pecan Grove Apartments

Holly Tree

The Cluster Apartments

Total Monthly Price
Zodiac Apartments

Wolf Ridge Apartments

Total Monthly Price
Hampshire Apartments

Prairie Hollow Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Cooper Denton

The Crossing Apartments

Total Monthly Price
Bonnie Green Apartments

The Talon

Total Monthly Price
Gardens of Denton Apartments

Discovery Park

Estate Villas at Krum Apartments

Quincy Court Apartments

The Village at Rayzor Ranch

Crestview Place Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Kingswood Apartments

Total Monthly Price
The Beverley at Denton

Park Place

Oak Court Apartments

Chisholm Trail Decatur

The Venn

The Laredo

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Birchway Sanger

Converge Justin

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Verse
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.

Total Monthly Price
Retreat at Krum

Total Monthly Price
Mansions of Denton

Total Monthly Price
Yardly Elm

Total Monthly Price
Luxe of Denton

Total Monthly Price
YardHomes® Parkside

The Vista at Rayzor Ranch

Greenway Patio

Reserve at Decatur

Emerald Lane

Live Oak Apartments
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.

Alvord Hills Apartments

32hundred Windsor

Classic Oaks Apartments

The Brae

134 Private Rd 3228

2266 W Oak St

602 Crestridge Ct

506 Valleyridge Ct

310 S Wickham St

511 Scenic Dr
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, TX Local Guide

How much does it cost to rent an apartment in Greenwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Greenwood Studio Apartments | $973 | $695 | $1,244 |
| Greenwood 1 Bedroom Apartments | $1,540 | $532 | $2,381 |
| Greenwood 2 Bedroom Apartments | $1,903 | $589 | $2,599 |
| Greenwood 3 Bedroom Apartments | $2,409 | $479 | $2,804 |
| Greenwood 4 Bedroom Apartments | $3,161 | $3,149 | $3,189 |
Browse Top Apartments in Greenwood
See all Apartments in GreenwoodExplore Greenwood
Greenwood, TX Local Guide
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Cheapest Available Greenwood Apartments for Rent and Nearby
 The cheapest available apartment rental in Greenwood, TX is a 1 Bed unit found at Legacy Trails of Decatur - 55 Plus Apartments in the Wise County neighborhood priced from $532. Concrete Jungle Properties-DENTON in the Eaglechase neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Greenwood apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy Trails of Decatur - 55 Plus Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $532 |
| Concrete Jungle Properties-DENTON | Edge | 1BR,1BA | $695 |
| Pecan Grove Apartments | Studio | Studio,1BA | $775 |
| Holly Tree | 1bd (Jr. Room) | 1BR,1BA | $795 |
| The Cluster Apartments | Junior 1 Bedroom | 1BR,1BA | $795 |
| Zodiac Apartments | Studio | Studio,1BA | $800 |
| Wolf Ridge Apartments | Studio | Studio,1BA | $849 |
| Hampshire Apartments | 1 Bedroom Apartment | 1BR,1BA | $850 |
| Prairie Hollow Apartments | Loft | 1BR,1BA | $860 |
| Bonnie Green Apartments | 1 Bedroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in Greenwood, TX and Nearby
As of July 30, 2026 the best value apartment in the Greenwood area is the $1.39 price per square foot 4482 Model at The Residences at Rayzor Ranch in the in the University Park neighborhood starting from $2,600. The second greatest value Greenwood apartment is the Beall Way - Lily Model at Beall Way starting at $2,200 with a $1.40 price per square foot in the Denton 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. |
|---|---|---|---|
| The Residences at Rayzor Ranch | 4482 | 4BR,3.5BA | $1.39 |
| Beall Way | Beall Way - Lily | 3BR,2BA | $1.40 |
| Park Place Denton | 4x4 | 4BR,4BA | $0.45 |
| The Laredo | B2 | 2BR,2BA | $1.43 |
| Estate Villas at Krum Apartments | Sierra | 2BR,2BA | $1.40 |
| The Talon | C1 | 3BR,1BA | $1.43 |
| 32hundred Windsor | 1 Bed, 1 Bath | 1BR,1BA | $1.45 |
| Legacy Trails of Decatur - 55 Plus Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.71 |
| Bonnie Green Apartments | 1 Bedroom | 1BR,1BA | $1.43 |
| Concrete Jungle Properties-DENTON | Charlotte Place | Studio ,1BA | $1.39 |
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!
Explore Greenwood, TX Rentals by Map
See the most popular apartments and homes in Greenwood, TX
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 Concrete Jungle Properties-DENTON listed at $695.
How much is rent for a Cheap One Bedroom Greenwood Apartment?
The lowest price for a Cheap One Bedroom Greenwood Apartment is $532 at Legacy Trails of Decatur - 55 Plus Apartments.
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 $631 at Legacy Trails of Decatur - 55 Plus Apartments.
What is the most affordable Greenwood Three Bedroom Apartment?
The best deal on a cheap Greenwood Three Bedroom Apartment rental is at Estate Villas at Krum Apartments and starts from $1,290.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.