Last updated August 31, 2026

Average Rent in Greenwood 46142 & Rent Trends

Rent prices and market trends across 1 apartment community in Greenwood 46142, Greenwood, IN. Updated daily.

Area All Areas Edgewood

Greenwood 46142 46143

Indianapolis 46237

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$1,490/mo

Lowest Available

$1,227/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Price Cuts This Week in Greenwood 46142

5 listed units across 1 building in Greenwood 46142 dropped their asking rent in the past 7 days, an average cut of $47/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 2, S2 Wiley	$1,291	$1,227	$64
The Madison at Greenwood	Unit 19, A10 Palmer	$1,397	$1,337	$60
The Madison at Greenwood	Unit 9, A10 Palmer	$1,397	$1,337	$60
The Madison at Greenwood	Unit 14, A1 Apryl	$1,506	$1,481	$25
The Madison at Greenwood	Unit 34, A2 Pearl	$1,444	$1,419	$25

See today's prices on all 41 listed units

Greenwood 46142 vs Greenwood, IN Average

Greenwood 46142 is more expensive than the Greenwood, IN average by $33/mo (2%). The citywide average is $1,457/mo across all neighborhoods.

Is Rent Going Up or Down in Greenwood 46142?

As of August 2026, the average rent in Greenwood 46142 is $1,490 per month across 1 apartment community and 41 available units.

The most affordable option is The Madison at Greenwood starting at $1,227/mo. By unit type, a studio averages $1,498/mo, a 1-bedroom averages $1,459/mo.

Prices range from $1,227 to $1,888 per month. The most common price point is the $1,400 range, where 17 units are currently listed.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Greenwood 46142

Studio

$1,498

from $1,227 · 33 units

1 Bed

$1,459

from $1,337 · 8 units

Rent Prices by Apartment in Greenwood 46142

Property	Starting at	Average	Units	Rating
The Madison at Greenwood	$1,227/mo	$1,490/mo	41	4.4

Frequently Asked Questions About Rent in Greenwood 46142

What is the average rent in Greenwood 46142?

The average rent in Greenwood 46142 is $1,490 per month as of August 2026, based on 41 units across 1 apartment communities.

Is rent going up or down in Greenwood 46142?

The current average rent in Greenwood 46142 is $1,490/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Greenwood 46142?

The most affordable apartment in Greenwood 46142 is The Madison at Greenwood with units starting at $1,227/mo.

How much is a 1-bedroom apartment in Greenwood 46142?

A 1-bedroom apartment in Greenwood 46142 averages $1,459/mo, with prices starting at $1,337/mo across 8 available units.

How many apartments are available in Greenwood 46142?

There are 41 units available across 1 apartment communities in Greenwood 46142.

What salary do I need to live comfortably in Greenwood 46142?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$60,000/year

Based on the 30 percent rule, using our tracked average rent of $1,490/mo.

Comfortable income

$72,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,227/mo), you need to earn at least $49,000/year.

Cost of living in Greenwood 46142

We only have live rent data for Greenwood 46142 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.

Category	Monthly estimate	Source
Rent (market average)	$1,490	daily refresh
Estimated total	$1,490/mo	$17,880/year

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.

Indiana Rent Trends

Compare rent across all Indiana cities

Explore Greenwood, IN on Map

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US-wide rent comparison

See how Greenwood, IN rents stack up against the national median