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3 Bedroom Apartments for Rent in Greenwood, IN - 28 Rentals available

Greenwood, IN Demographics

  • Total Population53,828
  • Female 26,266
    Male 27,562
  • Median Age35.3

Average Rent for 3 Bedroom apartments in Greenwood, IN

  • The average rent for a 3 Bedroom apartment in Greenwood, IN, July, 2018$812/mo
  • 1 Bedroom$711
  • 2 Bedrooms$859
  • 3 Bedrooms$993

Greenwood, IN 3 Bedroom Apartment Rent Ranges

  • $701-$1,00056%
  • $1,001-$1,50044%

Greenwood, IN 3 Bedroom Apartment Rent Trends

Average Rent All rentals Studio 1 Bed 2 Beds 3 Beds
Jul / 2018 $812 $993
Sept / 2017 $813 $1,026
May / 2017 $808 $990
Jan / 2017 $790 $993
Sept / 2016 $772 $971
May / 2016 $778 $999
Jan / 2016 $762 $950
Sept / 2015 $766 $951
May / 2015 $757 $959
Jan / 2015 $728 $935
/

Greenwood, IN Households

  • Total Number of Households20,975
  • Children 7,185
    No Children 13,790
  • Average People Per Household2.54
  • Median Household Income$54,176
  • Median Housing Costs Per Month$921

Greenwood, IN Education Statistics

  • No High School2%
  • Some High School42%
  • Some College22%
  • Associate Degree9%
  • Bachelor Degree18%
  • Graduate Degree7%

Renting a 3 bedroom apartment in Greenwood, IN

Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,468 Sqft. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In Greenwood, IN, rents on 3 bedroom apartments go up to $1,994. 27 rental properties offer 3 bedroom units in Greenwood, IN to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.

Tips on finding a cheap 3 bedroom apartment in Greenwood, IN

For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $544 in Greenwood, IN, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like The Villages at Grassy Creek or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.