40 Apartments under 700 for rent in Greenwood, IN

Last updated May 24 at 3:10am UTC
48 North Emerson Avenue
Greenwood
Greenwood, IN
Updated May 19 at 5:47pm UTC
Studio
$450
Results within 1 miles of Greenwood, IN
Results within 5 miles of Greenwood, IN
4725 Madison Ave
Edgewood
Indianapolis, IN
Updated May 23 at 5:42pm UTC
2 Bedrooms
$625
4725 Madison Ave
Edgewood
Indianapolis, IN
Updated April 27 at 1:47am UTC
Studio
$435
5040 Southgreen Dr
Edgewood
Indianapolis, IN
Updated April 27 at 1:47am UTC
2 Bedrooms
$650
5140 Southgreen Dr
Edgewood
Indianapolis, IN
Updated April 27 at 1:47am UTC
1 Bedroom
$550
Results within 10 miles of Greenwood, IN
144 N Arsenal Ave
Near Eastside
Indianapolis, IN
Updated May 23 at 5:43pm UTC
3 Bedrooms
$675
542 N Dearborn St
Near Eastside
Indianapolis, IN
Updated May 23 at 5:37pm UTC
3 Bedrooms
$650
39 Parkview Avenue
Near Eastside
Indianapolis, IN
Updated May 22 at 9:28pm UTC
1 Bedroom
$450
37 Parkview Avenue
Near Eastside
Indianapolis, IN
Updated May 22 at 9:28pm UTC
1 Bedroom
$450
321 S. Rural Street
Near Southeast
Indianapolis, IN
Updated May 22 at 12:29pm UTC
1 Bedroom
$650
1243 Shepard Street
West Indianapolis
Indianapolis, IN
Updated May 22 at 8:33am UTC
2 Bedrooms
$599
1241 Shepard Street
West Indianapolis
Indianapolis, IN
Updated May 22 at 8:33am UTC
2 Bedrooms
$599
822 North Bradley Avenue
Near Eastside
Indianapolis, IN
Updated May 20 at 3:29pm UTC
3 Bedrooms
$695
Fairfax Road
Edgewood
Indianapolis, IN
Updated May 17 at 7:38am UTC
2 Bedrooms
$675
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May 2018 Greenwood Rent Report

Welcome to the May 2018 Greenwood Rent Report. Greenwood rents declined 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

May 2018 Greenwood Rent Report

Welcome to the May 2018 Greenwood Rent Report. Greenwood rents declined 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 declined over the past month

Greenwood rents have declined 0.1% over the past month, but have increased moderately by 2.2% in comparison to the same time last year. Currently, median rents in Greenwood stand at $720 for a one-bedroom apartment and $890 for a two-bedroom. Greenwood's year-over-year rent growth leads the state average of 1.3%, as well as the national average of 1.5%.

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, 9 of them have seen prices rise. The state as a whole logged rent growth of 1.3% 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, Lafayette, where a two-bedroom goes for $800, is the only major city to see rents fall year-over-year (-0.3%).
  • South Bend, Fort Wayne, and Noblesville have all experienced year-over-year growth above the state average (3.6%, 2.3%, and 2.2%, respectively).

Greenwood rents more affordable than many large cities nationwide

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

  • Greenwood's median two-bedroom rent of $890 is below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 2.2% increase in Greenwood.
  • While Greenwood's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and Denver (+1.6%).
  • Renters will find more reasonable prices in Greenwood than most large cities. For example, San Francisco has a median 2BR rent of $3,060, 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 $850 0.2% 1.7%
Carmel $970 $1,210 -0.2% 1.8%
Fishers $960 $1,190 -0.2% 0.7%
Noblesville $800 $990 1.6% 2.2%
Greenwood $720 $890 -0.1% 2.2%
Plainfield $770 $950 0.2% 2.5%
Zionsville $1,230 $1,520 1.0% 4.8%

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.