
Cheap Apartments for Rent in Greenwood, TX from $500 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Greenwood.


Legacy Trails of Decatur - 55 Plus Apartments

The Cluster Apartments

Residences at the Union

The Crossing Apartments

Holly Tree

Concrete Jungle Properties-DENTON

Pecan Grove 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.

Total Monthly Price
Bonnie Green Apartments

Prairie Hollow Apartments

Wolf Ridge Apartments

Hampshire Apartments

Gardens of Denton Apartments

Discovery Park

The Talon

Quincy Court Apartments
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.

The Village at Rayzor Ranch

The Laredo

Chisholm Trail Decatur

Total Monthly Price
The Beverley at Denton

Total Monthly Price
Birchway Sanger

32hundred Windsor

Estate Villas at Krum Apartments

Crestview Place Apartments
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.

Park Place

Cooper Denton

Total Monthly Price
Resia Rayzor Ranch

Mansions of Denton

Luxe of Denton

Oak Court Apartments

Zodiac Apartments

Emerald Lane
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Reserve at Decatur

The Brae

Live Oak Apartments

Alvord Hills Apartments

Classic Oaks Apartments

Kingswood Apartments

134 Private Rd 3228

2266 W Oak St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

5259 Fm 156

604 N Sewell Dr
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 | $800 | $699 | $899 |
| Greenwood 1 Bedroom Apartments | $1,360 | $532 | $2,200 |
| Greenwood 2 Bedroom Apartments | $1,784 | $500 | $2,725 |
| Greenwood 3 Bedroom Apartments | $2,123 | $500 | $2,878 |
| Greenwood 4 Bedroom Apartments | $2,720 | $2,299 | $3,092 |
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 priced from $532. The Cluster Apartments 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 |
| The Cluster Apartments | Junior 1 Bedroom | 1BR,1BA | $695 |
| Concrete Jungle Properties-DENTON | Charlotte Place | Studio,1BA | $795 |
| The Crossing Apartments | 1br/1ba | 1BR,1BA | $795 |
| Holly Tree | 1bd (Jr. Room) | 1BR,1BA | $795 |
| Residences at the Union | 1 bedroom 1 bath | 1BR,1BA | $845 |
| Prairie Hollow Apartments | Loft | 1BR,1BA | $860 |
| Wolf Ridge Apartments | Studio | Studio,1BA | $899 |
| Hampshire Apartments | 1 Bedroom Apartment | 1BR,1BA | $900 |
| Gardens of Denton Apartments | Ivy | 1BR,1BA | $946 |
Best Value Apartments for Rent in Greenwood, TX and Nearby
As of April 09, 2026 the best value apartment in the Greenwood area is the $1.22 price per square foot Beall Way - Topeka Model at Beall Way in the in the University Park neighborhood starting from $2,345. The second greatest value Greenwood apartment is the 4231F Model at The Residences at Rayzor Ranch starting at $2,449 with a $1.35 price per square foot in the University Park 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. |
|---|---|---|---|
| Beall Way | Beall Way - Topeka | 4BR,2.5BA | $1.22 |
| The Residences at Rayzor Ranch | 4231F | 4BR,3.5BA | $1.35 |
| 32hundred Windsor | 2 Bed, 2 Bath | 2BR,2BA | $1.42 |
| Legacy Trails of Decatur - 55 Plus Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $0.71 |
| Estate Villas at Krum Apartments | Sedona | 1BR,1BA | $1.58 |
| Gardens of Denton Apartments | Lavender | 1BR,1BA | $1.39 |
| The Laredo | A3 | 1BR,1BA | $1.59 |
| The Brae | A1 | 1BR,1BA | $1.62 |
| Emerald Lane | 1 Bedroom 1 Bath | 1BR,1BA | $1.51 |
| The Crossing Apartments | 1br/1ba | 1BR,1BA | $1.39 |
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.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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.
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 $795.
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 The Talon and starts from $1,395.
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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.