Apartments for Rent in Greenwood, IN

Prices and availability in Greenwood, IN were last updated on 28 May 2026.

The best apartments in Greenwood, IN are: Auburn Place, Arlington Farms, Polo Run Apartments, 1749 Blue Grass Pkwy Greenwood, IN 46143 and The Hangar on Emerson.

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

The price range for a studio apartment in Greenwood, IN is between $832 and $1,250.

The price range for a 1-bedroom apartment in Greenwood, IN is between $835 and $2,535.

The price range for a 2-bedroom apartment in Greenwood, IN is between $881 and $4,139.

The price range for a 3-bedroom apartment in Greenwood, IN is between $832 and $5,008.

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.

Studio apartments in Greenwood are around 1% of rentals, while 1-bedroom floor plans represent 38% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 51% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.