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56 Apartments for rent in Greenwood, IN

Read Guide >
Last updated October 20 at 11:56AM
1243 Stonegate Rd
Greenwood
Greenwood, IN
Updated October 19 at 10:05AM UTC
3 Bedrooms
$1,300
200 West Main Street
Greenwood
Greenwood, IN
Updated August 26 at 4:15AM UTC
Studio
$1,500
268 Academy St
Greenwood
Greenwood, IN
Updated October 19 at 10:14AM UTC
3 Bedrooms
$925
1123 Central Park Blvd N
Greenwood
Greenwood, IN
Updated October 19 at 10:16AM UTC
3 Bedrooms
$1,245
937 Sayre Dr
Greenwood
Greenwood, IN
Updated October 12 at 10:16AM UTC
Studio
$750
1469 Padana Drive
Greenwood
Greenwood, IN
Updated October 20 at 9:40AM UTC
3 Bedrooms
$1,700
1929 Morning Light Lane
Greenwood
Greenwood, IN
Updated October 20 at 9:40AM UTC
3 Bedrooms
$1,195
1621 Bridgecreek Xing
Greenwood
Greenwood, IN
Updated October 20 at 10:24AM UTC
3 Bedrooms
$1,300
348 Winterset Way
Greenwood
Greenwood, IN
Updated September 29 at 2:32AM UTC
3 Bedrooms
$1,295
1235 PORCHESTER Lane
Greenwood
Greenwood, IN
Updated October 20 at 2:16AM UTC
3 Bedrooms
$1,145
634 Day Break Drive
Greenwood
Greenwood, IN
Updated October 12 at 10:58AM UTC
3 Bedrooms
$1,095
634 PINE LAKE DR
Greenwood
Greenwood, IN
Updated October 19 at 10:26AM UTC
2 Bedrooms
$1,095
652 Cloverfield Lane
Greenwood
Greenwood, IN
Updated October 19 at 2:34PM UTC
3 Bedrooms
$1,145
638 Georgetown Road
Greenwood
Greenwood, IN
Updated October 4 at 6:40PM UTC
4 Bedrooms
$1,695
473 South Peterman Road
Greenwood
Greenwood, IN
Updated October 3 at 2:40AM UTC
2 Bedrooms
$800
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City Guide
Greenwood
Moving to Greenwood

Moving here is about as easy as it gets. Try to avoid moving in winter because it does get cold and snowy. It's not generally a problem, but considering Murphy's Law, moving day will turn into a blizzard.

As for getting your papers in order, that's not a problem here. People are pretty laid back when it comes to renting, but you can expect a credit check. If your credit is less than outstanding and you want to move to a high-demand area, you might want to include a few references from your previous landlord as well as proof of income. Pets are the norm here, but you should include a reference for them as well. It can help you avoid a pet deposit and/or a monthly pet fee. Plan to pay a good-sized security deposit at most apartment complexes.

If you are from virtually anyplace in the United States, you will be amazed by how inexpensive it is to live in the Midwest. The cost of living here is not bad compared to the nation as a whole, and it's downright cheap compared to most cities of this size.

Neighborhoods

With the exception of Indianapolis, you will not find neighborhood designations in Indiana that mean anything more than a designation of where you go to vote or what school you attend. Carving towns and cities up like a Thanksgiving turkey seems to run contrary to the Hoosier spirit. Still, people of like minds do tend to live close to each other for various reasons, and as such, some neighborhoods feel different from others.

Waterloo:This is a prime location with lots of doctors, lawyers, and retirees. It also, thanks to the average rents, has almost no vacancies. That's a bummer because the average commute time here is roughly about 30 minutes. $$$$$

Frances: This is an affluent area that is absolutely stuffed with government workers, most at the city level. Those who don't work for the government are primarily mid- to upper-level executives and other professionals. There are few vacancies here, so you can't negotiate rates. The apartment homes are very nice, mostly 2 to 3 bedrooms apartments that are moderately sized. Just be ready to rent one as soon as it becomes available. $$$$

Smith Valley: This area is the home of the executive set! This is where you will find the upper-level managers, the CEOs and the local wheelers and dealers. There's an average number of vacancies here but not so many that you have negotiating power. The schools are good, the people are friendly and this is a nice place to settle. The area also boasts great commute times, which average around 20 minutes or so. $$$$

McCarty: This area is a bit longer on the commute time, but it's not horrible at around 30 minutes one way. Expect to find middle managers, teachers and some IT professionals inhabiting this area. It's quiet here, and the schools are good, so people put up with the commute. $$$

Critchfield:This neighborhood is pretty much middle everything, except commute times. It's full of middle-level managers, middle-aged people and middle-range rents for apartment rentals that are about middle range on size. The commutes, however, are beyond outstanding; the average person has only a 15-minute or less commute to work. If you are living in one of the larger urban areas, you are swooning right now. Admit it! $$$

Spring Hill: This is a great place to start off your new life in Greenwood. Most people here have a fairly short commute at around 20 minutes one way. There are also a lot of vacancies here, so you can negotiate a better rate. Roughly a 5th of the places are empty, so you have a big bargaining chip. The neighbors are great here as well. This is a prime location for college graduates to live in while they work their way up the corporate ladder, start a family and pay off their student loans. $$

Imperial Hills and Rocklane: This is a strange little part of the community. You have a lot of teachers, cops and work-from-home IT people. It's a rather strange mix, but the cops keep the place safe, the teachers educate the kids and the IT guys keep everyone connected! It's about average on vacancies, so no negotiating here. The rents are reasonable though, so it shouldn't be a problem. $$

Sheek:This is where you go to find young families just starting out and retirees who are waiting for the grandchildren to come visit. There aren't many rental vacancies here, but the few that exist are nicely done and reasonably priced. $$

City Center:This is the historic part of town. It's been well maintained and there's a fair number of vacancies. These are primarily older homes and mansions that were converted into apartment rentals. They are generally spacious, remodeled within the past few years and fairly inexpensive, even by Greenwood standards. The best part is that the average commute time is under 15 minutes. Sweet! $

Living in Greenwood

If you're relocating from another part of Indiana, you already understand Hoosiers. For those relocating from out of state, or heaven forbid, from one of the coasts, you need to understand a few things about living in Indiana. This is the heart of the Midwest, and the people here take a largely no-nonsense approach to most of life. That is not to say that they aren't happy, friendly people who know how to have a good time; nothing could be further from the truth! But in Indiana, you are going to find that people work hard. They play hard too, but there is no overlap between work and play. This work ethic permeates throughout Indiana and especially Greenwood.

Life here is very good and generally very simple. The norm here is to go to work Monday through Friday, mow the grass and wash the car on Saturday, and attend church on Sunday. There's lunch with the family after church and then a nap. That's how Ma and Pa did it and their ma and pa before them. Think Little House on the Prairie meets _Leave it to Beaver, _without all the drama or corsets.

Frivolity is tightly regulated and controlled by means of local community events. Do not be surprised to see churches on every corner and as part of the daily life; that is an Indiana trait. The big festivals all have religious input, and there is no more obvious example than the yearly Freedom Festival held over the 4th of July weekend. The only thing that Hoosiers take more seriously than their jobs is their patriotism. This festival is chock full of bands, flags and speeches. Of course, there's also a street fair, carnival, truck pull and fireworks.

The best local mall is the Greenwood Park Mall. Many people drive into Indy to attend concerts, and all of the big names have appeared there. Local dining is very good, with several local places rivaling the big chains. Stone Creek on North State Road is great, and its steaks receive rave reviews from locals and visitors alike. Be sure to try the garlic potatoes and the Durango Beef Medallions as well. For a touch of whimsey as well as some great food, pay a visit to Roscoe's Tacos on Madison. Its tacos are considered tops in the area.

Rent Report
Greenwood

October 2017 Greenwood Rent Report

Welcome to the October 2017 Greenwood Rent Report. Greenwood rents remained steady over the past month. In this report, we'll evaluate trends in the Greenwood rental market, including comparisons to similar cities nationwide.

Greenwood rent trends were flat over the past month

Greenwood rents have remained flat over the past month, however, they have increased moderately by 2.6% year-over-year. Currently, median rents in Greenwood stand at $710 for a one-bedroom apartment and $880 for a two-bedroom. Greenwood's year-over-year rent growth leads the state average of 1.8%, but trails the national average of 2.8%.

Greenwood rents more affordable than many large cities nationwide

As rents have increased moderately in Greenwood, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Greenwood is still more affordable than most large cities across the country.

  • Rents also increased slightly in other cities across the state, with Indiana as a whole logging rent growth of 1.8% over the past year. For example, rents have grown by 1.6% in Fort Wayne and 1.5% in Evansville.
  • Greenwood's median two-bedroom rent of $880 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 2.6% increase in Greenwood.
  • While Greenwood's rents rose moderately over the past year, the city of New York saw a decrease of 0.1%.
  • Renters will find more reasonable prices in Greenwood than most large cities. For example, San Francisco has a median 2BR rent of $3,080, which is nearly three-and-a-half times the price in Greenwood.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Indianapolis $680 $850 0.1% 2.4%
Carmel $960 $1,190 0.1% 1.7%
Fishers $960 $1,190 -0.4% 0.0%
Noblesville $780 $960 0.3% 1.4%
Greenwood $710 $880 -0.0% 2.6%
Zionsville $1,240 $1,530 -1.2% 0.1%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.