Last updated
Average Rent in Greenwood, IN & Rent Trends
Rent prices and market trends across 3 apartment communities in Greenwood, IN. Updated daily.
Market Average
$1,454/mo
Lowest Available
$925/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
54
available now
Price Cuts This Week in Greenwood, IN
4 listed units across 1 building offering studio units in Greenwood, IN dropped their asking rent in the past 7 days, an average cut of $36/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| The Madison at Greenwood | Unit 26, A2 Pearl | $1,544 | $1,497 | $47 |
| The Madison at Greenwood | Unit 41, G111 | $1,935 | $1,897 | $38 |
| The Madison at Greenwood | Unit 69, G111 | $1,935 | $1,897 | $38 |
| The Madison at Greenwood | Unit 52, E310 | $1,519 | $1,497 | $22 |
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 |
|---|---|---|---|---|---|
| Greenwood 46142 | $1,598 | ▲ $77 | $1,274 | 1 | 69 |
| Greenwood 46143 | $1,594 | ▲ $10 | $1,329 | 4 | 76 |
| Indianapolis 46237 | $1,505 | ▼ $125 | $1,000 | 4 | 49 |
| Edgewood | $1,217 | $0 | $886 | 5 | 55 |
Is Rent Going Up or Down in Greenwood, IN?
As of September 2026, the average rent in Greenwood, IN is $1,454 per month across 3 apartment communities and 54 available units.
The most affordable option is Fountain Lake Villas starting at $925/mo. By unit type, a studio averages $1,454/mo.
Prices range from $925 to $2,026 per month. The most common price point is the $1,200 range, where 18 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Greenwood, IN
Rent Prices by Apartment in Greenwood, IN
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Fountain Lake Villas | $925/mo | $1,213/mo | 6 | 3.8 |
| Oak Park Apartments | $1,069/mo | $1,173/mo | 9 | 3.9 |
| The Madison at Greenwood | $1,274/mo | $1,556/mo | 39 | 4.4 |
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 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
$58,000/year
Based on the 30 percent rule, using our tracked average rent of $1,454/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 ($925/mo), you need to earn at least $37,000/year.
Median household income in Greenwood, IN is $78,765 , about 13% above the comfortable-living threshold.
Cost of living in Greenwood, IN
Overall prices in Greenwood, IN runs below the national average by about 5% (BEA Regional Price Parity index 94.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Greenwood, IN's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,454 |
| Utilities | $374 |
| Groceries | $512 |
| Transportation | $892 |
| Healthcare | $435 |
| Other goods and services | $696 |
| Estimated total | $4,363/mo |
Population
64,237
Median household income
$78,765
Census median rent
$1,252/mo
Census rent burden
26.3%
Median age
36.4
Mean commute
25 min
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 were last published in 2023.
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 3 communities with daily-updated pricing and availability.