19 Apartments under 600 for rent in Greenwood, IN

Last updated August 18 at 3:24pm UTC
Clearview Apartments
715 Clearview D
Greenwood, IN
Updated August 18 at 3:24pm UTC
Studio
$499
1 Bedroom
$634
2 Bedrooms
Ask
Results within 5 miles of Greenwood, IN
Heathmoore Apartments
5984 Heathmoore Dr
Indianapolis, IN
Updated August 18 at 1:48pm UTC
Studio
$485
1 Bedroom
$600
2 Bedrooms
$765
255 South Dearborn Street
Near Southeast
Indianapolis, IN
Updated August 17 at 2:45am UTC
1 Bedroom
$550
1838 E Minnesota St
Near Southeast
Indianapolis, IN
Updated August 15 at 11:18am UTC
1 Bedroom
$550
1346 S. Sheffield Ave.
West Indianapolis
Indianapolis, IN
Updated August 16 at 10:12am UTC
1 Bedroom
$500
812 North Denny Street
Near Eastside
Indianapolis, IN
Updated August 15 at 2:26pm UTC
1 Bedroom
$495
Results within 10 miles of Greenwood, IN
4403 Madison Ave
University Heights
Indianapolis, IN
Updated August 17 at 5:18pm UTC
Studio
$280
4403 Madison Ave
University Heights
Indianapolis, IN
Updated August 17 at 5:18pm UTC
2 Bedrooms
$550
4725 Madison Ave
Edgewood
Indianapolis, IN
Updated August 15 at 5:25pm UTC
Studio
$435
2332 Prospect St
Near Southeast
Indianapolis, IN
Updated August 15 at 5:24pm UTC
1 Bedroom
$485
821 N Bradley Ave
Near Eastside
Indianapolis, IN
Updated August 15 at 5:24pm UTC
1 Bedroom
$550
215 Dickson St
Near Eastside
Indianapolis, IN
Updated August 12 at 5:20pm UTC
2 Bedrooms
$595
25 S Emerson Ave
Irvington
Indianapolis, IN
Updated August 9 at 1:16am UTC
1 Bedroom
$549
15 N Riley Ave
Near Eastside
Indianapolis, IN
Updated August 3 at 5:20pm UTC
1 Bedroom
$565
217 Hendricks Pl
Near Eastside
Indianapolis, IN
Updated August 2 at 5:12pm UTC
2 Bedrooms
$595
215 Dickson St
Near Eastside
Indianapolis, IN
Updated July 3 at 7:25pm UTC
2 Bedrooms
$595
5140 Southgreen Dr
Edgewood
Indianapolis, IN
Updated August 15 at 5:25pm UTC
1 Bedroom
$550
2545 S Meridian St
Garfield Park
Indianapolis, IN
Updated July 21 at 5:12pm UTC
Studio
$425

August 2018 Greenwood Rent Report

Welcome to the August 2018 Greenwood Rent Report. Greenwood rents increased over the past month. In this report, we'll evaluate trends in the Greenwood rental market, including comparisons to cities throughout the state and nation.

View full Greenwood Rent Report
Rent Report
Greenwood

August 2018 Greenwood Rent Report

Welcome to the August 2018 Greenwood Rent Report. Greenwood rents increased over the past month. In this report, we'll evaluate trends in the Greenwood rental market, including comparisons to cities throughout the state and nation.

Greenwood rents increase sharply over the past month

Greenwood rents have increased 0.6% over the past month, and are up slightly by 1.5% in comparison to the same time last year. Currently, median rents in Greenwood stand at $730 for a one-bedroom apartment and $900 for a two-bedroom. Greenwood's year-over-year rent growth leads the state average of 1.1%, as well as the national average of 1.2%.

Rents rising across cities in Indiana

Throughout the past year, rent increases have been occurring not just in the city of Greenwood, but across the entire state. Of the largest 10 cities that we have data for in Indiana, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.1% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Carmel is the most expensive of all Indiana's major cities, with a median two-bedroom rent of $1,210; of the 10 largest cities in the state that we have data for, Fishers, where a two-bedroom goes for $1,190, is the only major city to see rents fall year-over-year (-0.6%).
  • Noblesville, Carmel, and Greenwood have all experienced year-over-year growth above the state average (5.7%, 1.7%, and 1.5%, respectively).

Greenwood rents more affordable than many large cities nationwide

As rents have increased slightly in Greenwood, large cities nationwide have seen rents grow more quickly. Greenwood is still more affordable than most large cities across the country.

  • Greenwood's median two-bedroom rent of $900 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 1.5% rise in Greenwood.
  • While Greenwood's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in Greenwood than most large cities. For example, San Francisco has a median 2BR rent of $3,090, 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 $690 $860 0.0% 1.5%
Carmel $980 $1,210 1.5% 1.7%
Fishers $960 $1,190 -0.3% -0.6%
Noblesville $820 $1,020 -0.1% 5.7%
Greenwood $730 $900 0.6% 1.5%
Plainfield $780 $970 -0.3% 3.3%
Zionsville $1,270 $1,570 1.0% 2.1%

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.