Greenwood, IN Rental Market Trends
Highlights
The average rent for an apartment in Greenwood is $913, a 3% increase compared to the previous year, when the average rent was $883.
Average Rent in Greenwood, IN
Average Rent | Y-o-Y Change | Average Apartment Size |
---|---|---|
$913 | 3% | 907 sq. ft. |
The average size for a Greenwood, IN apartment is 907 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Greenwood, IN Apartment Rent Ranges
- < $5001%
- $501-$70011%
- $701-$1,00060%
- $1,001-$1,50027%
Greenwood, IN Occupied Housing Units
- Renter-occupied Households35%
- Owner-occupied Households64%
7,845 or 35% of the households in Greenwood, IN are renter-occupied while 14,515 or 64% are owner-occupied.
Greenwood, IN Rent Trends
Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Mar / 2021 |
---|---|---|---|---|---|---|---|---|---|
Greenwood, IN | $812 | $813 | $821 | $830 | $880 | $883 | $871 | $895 | $913 |
National | $1,311 | $1,342 | $1,351 | $1,356 | $1,388 | $1,395 | $1,397 | $1,389 | $1,392 |

How Greenwood Compares to Other Cities
Average Rent | Y-o-Y Change | |
---|---|---|
Indianapolis | $942 | 5% |
South Bend | $1,022 | 7% |
Bloomington | $1,128 | n/a |
Fort Wayne | $838 | 5% |
Greenwood | $913 | 3% |
Lawrence | $794 | 6% |
Avon | $1,170 | 3% |
Franklin | $840 | 4% |
Speedway | $805 | 7% |
Brownsburg | $1,100 | 7% |
Beech Grove | $940 | 8% |
For more information about the Greenwood rental trends, check out our monthly rent report
Check out Indiana Cities, Indiana Neighborhoods and Indiana Zip Codes for more details on verified listings, including the Indiana Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!