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Apartments for Rent in Greenwood, IN
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Average rent in Greenwood, IN

$1,198/mo Greenwood, IN average rental price, January 2023
Image Average Rent

The average monthly rent of apartments in Greenwood, IN is $1,198.

Greenwood, IN apartment rent ranges

Greenwood, IN rent trends

Getting around in Greenwood, IN

5 /100
30 /100
Somewhat Bikeable
Walk Score®: 5, 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 25 Jan 2023.

What are the best apartments in Greenwood, IN?

The best apartments in Greenwood, IN are: Emerald Lakes, Polo Run Apartments, Honey Creek, Ashmore Trace and Devonshire Apartments.

What is the average rent in Greenwood, IN?

The average rent in Greenwood, IN is $1,198. Start your search for apartments in Greenwood, IN now.

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

The price range for a studio apartment in Greenwood, IN is between $835 and $1,913. View all studio apartments in Greenwood, IN.

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 $835 and $1,687. Browse all available 1-bedroom apartments in Greenwood, IN now.

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 $949 and $2,945. Browse and find a 2-bedroom apartment in Greenwood, IN.

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 $990 and $2,945. Browse all available 3-bedroom apartments in Greenwood, IN.

What type of rental buildings are in Greenwood, IN?

In Greenwood 40% of the housing is rented out compared to 60% of homes are owned, according to the most recent Census Bureau estimates. 5% of Greenwood’s apartments are found in large buildings of 50 units or more, 62% are located in smaller apartment complexes with less than 50 units, and 29% 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 33 years old, on average. Of these, 32% 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 53% 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

Greenwood, IN demographics

Greenwood, IN has a population of 58,784 according to the most recent data from the U.S. Census Bureau. 30,273 of Greenwood’s residents are women and 28,511 are men. The median age of those who live in Greenwood, IN is 35.7.

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.

Greenwood, IN households

  • 15,142 Family
    7,839 Non-family
  • 8,372 Children
    14,609 No Children
  • 22,981Total Number of Households
  • 2.53Average People Per Household
  • $66,103Median Household Income

According to U.S. Census data, there are 22,981 households in Greenwood, IN. 15,142 are family households and 7,839 are non-family households. There are 8,372 households with children in Greenwood and 14,609 households without children. On average, about 2.53 people live in a household in Greenwood, IN.

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.

Greenwood, IN education statistics

The level of education of the population of Greenwood, IN is as follows: 3% have no high school education, 37% completed some high school, 25% partially completed college, 7% have an Associate Degree, 20% have a Bachelor Degree, and 9% have a Graduate Degree.

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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 $835 and submit your rental application today!

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