Apartments for Rent in Greenwood, IN

Prices and availability in Greenwood, IN were last updated on 19 Sep 2026.

The best apartments in Greenwood, IN are: Ashmore Trace, Auburn Place, Westminster Apartments and Townhomes, Bexley Village Apartments and Barton Farms Apartments and Duplexes.

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

The price range for a studio apartment in Greenwood, IN is between $882 and $2,204.

The price range for a 1-bedroom apartment in Greenwood, IN is between $879 and $2,346.

The price range for a 2-bedroom apartment in Greenwood, IN is between $1,065 and $3,103.

The price range for a 3-bedroom apartment in Greenwood, IN is between $882 and $4,056.

In Greenwood, 41% of the residents are renting compared to 59% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 8% of Greenwood's rentals, 60% are small-scale complexes with under 50 units, and 31% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Greenwood are about 30 years old, on average. Of these, 42% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.