Greenwood, IN Rental Market Trends
Highlights
The average rent for an apartment in Greenwood is $871, a 5% increase compared to the previous year, when the average rent was $830.
Average Rent in Greenwood, IN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $871 | 5% | 902 sq. ft. |
The average size for a Greenwood, IN apartment is 902 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
- $501-$70013%
- $701-$1,00072%
- $1,001-$1,50015%
Greenwood, IN Occupied Housing Units
- Renter-occupied Households33%
- Owner-occupied Households66%
7,409 or 33% of the households in Greenwood, IN are renter-occupied while 14,384 or 66% are owner-occupied.
Greenwood, IN Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Jun / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Greenwood, IN | $790 | $808 | $813 | $812 | $813 | $821 | $830 | $880 | $883 | $871 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
How Greenwood Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Indianapolis | $902 | 5% |
| Bloomington | $1,126 | 2% |
| Fort Wayne | $802 | 6% |
| Lawrence | $770 | 10% |
| South Bend | $963 | 6% |
| Greenwood | $871 | 5% |
| Franklin | $822 | 5% |
| Avon | $1,118 | 5% |
| Camby | $985 | 5% |
| Speedway | $772 | 5% |
| Plainfield | $1,068 | 5% |
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!