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Apartments for Rent in Greenwood, IN
272 Rentals Available

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Average rent in Greenwood, IN

$1,326/mo Greenwood, IN average rental price, May 2025
Image Average Rent

The average monthly rent of apartments in Greenwood, IN is $1,326.

    Greenwood, IN apartment rent ranges

    About 23% of apartment rents in Greenwood, IN range between $1,501-$2,000. Around 67% of Greenwood’s apartments are in the $1,001-$1,500 price range. 9% of apartments are priced ≤ $1000.

    Greenwood, IN rent trends

    Check out the average rent prices in Greenwood by neighborhood.

    Compared to the national average rent of $1,761, the average rent in Greenwood, IN is $1,326.

    Getting around in Greenwood, IN

    8 /100
    Car-Dependent
    30 /100
    Somewhat Bikeable
    Walk Score®: 8, Bike Score®: 30

    Frequently asked questions

    When were prices and availability in Greenwood, IN last updated?

    Prices and availability in Greenwood, IN were last updated on 18 Jun 2025.

    What are the best apartments in Greenwood, IN?

    The best apartments in Greenwood, IN are: Barton Farms Apartments and Duplexes, Emerald Lakes, The Hangar on Emerson Apartments, Westminster Apartments and Townhomes and 1183 Odell Ln.

    What is the average rent in Greenwood, IN?

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

    What is the price range for a studio apartment in Greenwood, IN?

    The price range for a studio apartment in Greenwood, IN is between $792 and $1,194.

    What is the price range for a 1-bedroom apartment in Greenwood, IN?

    The price range for a 1-bedroom apartment in Greenwood, IN is between $836 and $2,092.

    What is the price range for a 2-bedroom apartment in Greenwood, IN?

    The price range for a 2-bedroom apartment in Greenwood, IN is between $938 and $2,288.

    What is the price range for a 3-bedroom apartment in Greenwood, IN?

    The price range for a 3-bedroom apartment in Greenwood, IN is between $792 and $2,786.

    What type of rental buildings are in Greenwood, IN?

    In Greenwood 39% of the housing is rented out compared to 61% of homes are owned, according to the most recent Census Bureau estimates. 9% of Greenwood’s apartments are found in large buildings of 50 units or more, 58% are located in smaller apartment complexes with less than 50 units, and 32% are single-family rentals.

    What do typical apartment communities look like in Greenwood, IN?

    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 32 years old, on average. Of these, 34% 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 2 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.

    What apartment floorplans are common in Greenwood, IN?

    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 36% of the total apartments in the city, while 2-bedroom floorplans represent around 52% 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.

    Living in Greenwood, IN

    Located approximately 15 miles south of Indianapolis, Greenwood is a small Indiana town with a charming suburban feel. This area has become a great renting option among families and is very quiet and safe. Greenwood has an excellent school system and there are dozens of parks and trails throughout town. One of the most popular parks here is the Freedom Springs Greenwood Aquatics Park, which is known for its water slides and splash pads. While many renters commute to downtown Indianapolis, there are also plenty of employment opportunities in Greenwood. These include regional offices and distribution centers as well as small businesses. If you enjoy spending time outside and being active, Greenwood is a great place to live. It’s just a short drive away from Big Oaks National Wildlife Refuge and Brown County State Park. These natural areas are popular places for camping, hiking, horseback riding and wildlife observation.

    Renting in Greenwood, IN

    Like many other towns in the Midwest, Greenwood offers a good selection of affordable rental properties. Greenwood is even more affordable than many other Indianapolis suburbs of a comparable size. It is a relatively short drive from Indianapolis as well, which makes it very popular among renters who commute for work. Most rental properties in Greenwood are single-family homes and there are very few multifamily buildings. Many of these homes are relatively new and have a very spacious footprint. Greenwood’s architecture is very homogenous, which means that many homes have a traditional urban feel and there isn’t much variety between buildings.

    Things for renting

    Shopping in Greenwood, IN

    The Greenwood Park Mall is the biggest shopping area in Greenwood, located on the north end of town on County Line Road. This mall contains popular department stores and boutiques as well as a large food court. There are also two movie theaters, a gym and even more shopping in the surrounding area. Another popular shopping area among renters is located on the west side of town along U.S. Highway 31. Here renters have access to a Target, Walmart, Menards and Home Depot, as well as grocery stores like Kroger, Meijer and Aldi. This area is also home to many popular local restaurants. There are many smaller organic grocery stores and ethnic food stores scattered throughout town as well.

    Transportation in Greenwood, IN

    Like many suburbs, Greenwood is very spread out, and most neighborhoods here are not walkable. As a result, most renters in Greenwood rely on their cars to get around and explore other parts of the Indianapolis metropolitan area. Most properties in Greenwood come with easy and accessible parking. For renters who use public transit, IndyGo runs bus service from the Greenwood Park Mall to downtown Indianapolis. This can serve as a good alternative for renters who don’t want to drive to work. However, there aren’t any other bus routes within Greenwood and the nearest Amtrak station is located in Indianapolis. For air travel, the Indianapolis International Airport is the closest airport to Greenwood, located some 23 miles southwest away.

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    RentCafe is your one-stop shop for finding a great new apartment in Greenwood, IN. Easily search through a wide selection of apartments for rent in Greenwood, IN, and view detailed information about available rentals including floor plans, pricing, photos, amenities, interactive maps, and thorough property descriptions. Property owners and managers are one click away, so feel free to contact them and find out all you need to know about the apartment you’re interested in. Browse Greenwood, IN apartments with rents starting from $792 and submit your rental application today!

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