Last updated
Average Rent in Greenwood, IN & Rent Trends
Rent prices and market trends across 12 apartment communities in Greenwood, IN. Updated daily.
Market Average
$1,464/mo
▼ 0.4% from last month
Lowest Available
$896/mo
cheapest unit on market
Communities
12
tracked daily
Units Listed
166
available now
Price Cuts This Week in Greenwood, IN
33 listed units across 6 buildings in Greenwood, IN dropped their asking rent in the past 7 days, an average cut of $57/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Redwood Indianapolis | Unit 1 | $1,878 | $1,699 | $179 |
| Redwood | Unit 1 | $1,878 | $1,699 | $179 |
| Southport at Buck Creek | Unit 1428GR | $1,565 | $1,489 | $76 |
| Southport at Buck Creek | Unit 1416GR | $1,489 | $1,414 | $75 |
| Southport at Buck Creek | Unit 1456GR | $1,499 | $1,424 | $75 |
| Southport at Buck Creek | Unit 7247OR | $1,474 | $1,399 | $75 |
| Southport at Buck Creek | Unit 7340CB | $1,524 | $1,449 | $75 |
| Oak Park Apartments | Unit 1 | $1,144 | $1,069 | $75 |
Rent by Neighborhood in Greenwood, IN
Compare average rent across Greenwood, IN neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Indianapolis 46237 | $1,664 | ▼ $22 | $1,254 | 4 | 35 |
| Greenwood 46143 | $1,644 | ▼ $430 | $1,314 | 2 | 25 |
| Greenwood 46142 | $1,493 | ▼ $2 | $1,237 | 1 | 49 |
| Edgewood | $1,237 | ▼ $62 | $896 | 5 | 57 |
Is Rent Going Up or Down in Greenwood, IN?
As of August 2026, the average rent in Greenwood, IN is $1,464 per month across 12 apartment communities and 166 available units. Rents have decreased $6 (0.4%) over the past month.
The most affordable option is Southport at Buck Creek starting at $896/mo. By unit type, a studio averages $1,416/mo, a 1-bedroom averages $1,243/mo, a 2-bedroom averages $1,563/mo, a 3-bedroom averages $1,825/mo.
Prices range from $896 to $2,499 per month. The most common price point is the $1,400 range, where 45 units are currently listed.
Greenwood, IN Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| June 2026 | $1,627 | - | 8 |
| July 2026 | $1,554 | -$73 | 12 |
| August 2026 | $1,493 | -$61 | 12 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Greenwood, IN
Rent Prices by Apartment in Greenwood, IN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Southport at Buck Creek | $896/mo | $1,246/mo | 37 | 3.9 |
| Fountain Lake Villas | $925/mo | $1,213/mo | 6 | 3.8 |
| Bradford Lake | $1,002/mo | $1,191/mo | 4 | 4.3 |
| Oak Park Apartments | $1,069/mo | $1,180/mo | 9 | 3.9 |
| The Madison at Greenwood | $1,237/mo | $1,493/mo | 49 | 4.4 |
| Sundance Apartments | $1,254/mo | $1,440/mo | 8 | 4.1 |
| Latitudes Apartments | $1,266/mo | $1,469/mo | 12 | 4.3 |
Frequently Asked Questions About Rent in Greenwood, IN
What is the average rent in Greenwood, IN?
Is rent going up or down in Greenwood, IN?
What is the cheapest apartment in Greenwood, IN?
How much is a 1-bedroom apartment in Greenwood, IN?
How many apartments are available in Greenwood, IN?
What salary do I need to live comfortably in Greenwood, IN?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$59,000/year
Based on the 30 percent rule, using our tracked average rent of $1,464/mo.
Comfortable income
$70,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($896/mo), you need to earn at least $36,000/year.
Cost of living in Greenwood, IN
We only have live rent data for Greenwood, IN so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,464 |
| Estimated total | $1,464/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures are refreshed annually.
Google Search Trends for Greenwood, IN Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Greenwood, IN Apartments
Browse all 12 communities with daily-updated pricing and availability.