Apartments for Rent in Greenwood, IN

Prices and availability in Greenwood, IN were last updated on 11 Oct 2026.

The best apartments in Greenwood, IN are: Ashmore Trace, The Hangar on Emerson, Sandstone Apartments, Polo Run Apartments and Westminster Apartments and Townhomes.

The average rent in Greenwood, IN is $1,320.

The price range for a studio apartment in Greenwood, IN is between $921 and $1,470.

The price range for a 1-bedroom apartment in Greenwood, IN is between $918 and $2,329.

The price range for a 2-bedroom apartment in Greenwood, IN is between $1,018 and $3,133.

The price range for a 3-bedroom apartment in Greenwood, IN is between $921 and $4,239.

In Greenwood 41% of the housing is rented out compared to 59% of homes are owned, according to the most recent Census Bureau estimates. 8% of Greenwood's apartments are found in large buildings of 50 units or more, 60% are located in smaller apartment complexes with less than 50 units, and 31% are single-family rentals.

The average age of rental buildings in Greenwood is 30 years old, with 42% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Greenwood come in a range of sizes and floorplans. Studio apartments represent 1% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 38% of the total apartments in the city, while 2-bedroom floorplans represent around 51% of all rentals in Greenwood. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.