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cheap apartments
Last updated February 17 2020 at 2:40 PM

77 Cheap Apartments for rent in Greenwood, IN

Verified
Last updated February 17 at 01:33pm
3 Units Available
Clearview Apartments
715 Clearview D, Greenwood, IN
Studio
$519
288 sqft
1 Bedroom
$659
576 sqft
2 Bedrooms
Ask
Clearview Apartments invites you to live life on your own terms! Our spacious studio, one and two bedroom pet friendly apartmnet homes were designed to provide the quality and comfort for a premiere lifestyle.
Verified
Last updated February 17 at 01:03pm
13 Units Available
Courts of Valle Vista
716 Connors Drive, Greenwood, IN
1 Bedroom
$649
543 sqft
2 Bedrooms
$774
1009 sqft
Welcome home to Courts of Valle Vista Apartments, where your dreams of exceptional community living come true. Located in Greenwood, we are two minutes off I-65 via the Main Street exit and less than five minutes from I-465.
Last updated February 17 at 12:46pm
1 Unit Available
62 S Mckinley Street - 1
62 S McKinley St, Greenwood, IN
1 Bedroom
$700
736 sqft
Awesome property in downtown Greenwood. This 1 bedroom, 1 bath is located upstairs at this duplex. Enjoy vinyl/hardwood plank floors throughout and tile in bath. All rooms are spacious with nice finishes. Modern meets classic design.
Last updated February 17 at 12:46pm
1 Unit Available
75 East Broadway Street - 3
75 East Broadway Street, Greenwood, IN
1 Bedroom
$650
700 sqft
Charming 1 bedroom, 1 bath in Greenwood. Move in ready! Refrigerator and Stove included. Separate laundry room w/community washer & dryer. Off street parking. Walk to Old Town, middle school, community center, and library.
Results within 1 mile of Greenwood
Verified
Last updated February 17 at 12:31pm
South Perry
8 Units Available
Oak Park
2100 E Stop 12 Rd, Indianapolis, IN
Studio
Ask
1 Bedroom
$700
989 sqft
2 Bedrooms
$725
1160 sqft
Located just off Highway 31 and close to numerous shopping, dining and entertainment venues. Recently renovated one- and two-bedroom units include stainless steel appliances, carpeting and computer nook. Clubhouse, gym and pool all on-site.
Results within 5 miles of Greenwood
Verified
Last updated February 17 at 12:01pm
I65-South Emerson
10 Units Available
Strawbridge Green Apartments
4649 Strawbridge St, Indianapolis, IN
2 Bedrooms
$640
3 Bedrooms
$810
Upgraded apartments with granite counters and vinyl plank flooring. Pet friendly. Open parking on site. Conveniently located next to I-465 and I-65. Close to the University of Indianapolis.
Verified
Last updated February 17 at 01:33pm
South Perry
17 Units Available
South and Madison
1834 Madison Village Dr, Indianapolis, IN
Studio
$700
565 sqft
1 Bedroom
$959
733 sqft
2 Bedrooms
$830
838 sqft
Situated in the suburban south side of Indianapolis, South & Madison offers spacious apartments and townhomes in a premier location.
Verified
Last updated February 17 at 12:30pm
South Perry
32 Units Available
Sycamores Apartments
1614 E Stop 11 Rd, Indianapolis, IN
Studio
Ask
1 Bedroom
$669
842 sqft
2 Bedrooms
$759
977 sqft
The Sycamores is located on the south side of Indianapolis, Indiana with Greenwood Park Mall, Downtown Indy, I-465 and I-65, minutes away. These Spacious apartment homes are nestled in a quiet area, surrounded by mature trees and lots of green space.
Verified
Last updated February 17 at 01:00pm
I65-South Emerson
1 Unit Available
Heathmoore Apartments
5984 Heathmoore Dr, Indianapolis, IN
Studio
Ask
1 Bedroom
$619
576 sqft
2 Bedrooms
Ask
Welcome home to Heathmoore Apartments! We are located on the Southeast side of Indianapolis in the desirable Franklin Township area! We are within a few minutes to Beech Grove, downtown Indianapolis, Southport, and Greenwood! We are near Greenwood
Verified
Last updated February 12 at 10:10pm
Southdale
4 Units Available
Thompson Village
139 Thompson Way, Indianapolis, IN
1 Bedroom
$640
615 sqft
2 Bedrooms
$714
775 sqft
Welcome to Thompson Village Apartments, an affordable apartment community on the south side Indianapolis, Indiana, offering one and two bedroom apartments.
Verified
Last updated February 17 at 12:13pm
Edgewood
16 Units Available
Southport Crossing
1451 E Southport Rd, Indianapolis, IN
1 Bedroom
$654
700 sqft
2 Bedrooms
$839
1100 sqft
3 Bedrooms
Ask
Spacious apartment living has been redefined by Southport Crossing Apartments. Situated on 47 professionally-landscaped acres, our community offers a cozy clubhouse, resort-style pool, fitness center, among many other amenities.
Last updated February 17 at 02:46pm
South Franklin
1 Unit Available
5152 East Stop 11 Road
5152 East Stop 11 Road, Indianapolis, IN
Studio
$650
NOW LEASING Franklin Township's Southpoint Professional Center! Various vacancies ranging from 500-6200 square feet. Rent includes Water, Sewer Located across the street from St.
Last updated February 17 at 12:46pm
Edgewood
1 Unit Available
5029 Southgreen Drive Apt #3
5029 Southgreen Drive, Indianapolis, IN
1 Bedroom
$575
624 sqft
2 Bedrooms
Ask
SAVE SAVE SAVE!! Cross Roads at Southgreen Apartments offer one-bedroom apartments at an affordable rate. Southgreen Apartments is located on the South side of Indianapolis, Indiana, and is located in Perry Township.
Last updated February 17 at 12:46pm
Glenn's Valley
1 Unit Available
1357 W Stop 11 RD - #B
1357 West Stop 11 Road, Indianapolis, IN
1 Bedroom
$650
500 sqft
One bedroom on huge wooded lot. nice, clean and private. Unit is rent ready. 1 bedroom 1 bath on large wooded lot, newer carpet, padding, light fixtures. Quiet Clean and move in ready. Rent is 650.00 with most utilities paid.
Last updated February 17 at 12:46pm
Edgewood
1 Unit Available
615 E. Thompson Road Apt. 5
615 East Thompson Road, Indianapolis, IN
2 Bedrooms
$650
813 sqft
2 Bedroom, 1 bath Apartment Home 813 sq ft, wood floors, granite countertops, 3 tone paint, new cabinets, new windows, new appliance and much more $650/mo.
Last updated February 17 at 12:46pm
Edgewood
1 Unit Available
5020 Southgreen Drive Apt. 2
5020 Southgreen Drive, Indianapolis, IN
1 Bedroom
$550
624 sqft
112 Units
Last updated February 17 at 12:46pm
Edgewood
1 Unit Available
5140 Southgreen #3, Indianapolis IN 46227
5140 Southgreen Drive, Indianapolis, IN
1 Bedroom
$550
624 sqft
Immediate move-in Remodeled 1 bedroom, 1 bath large unit, large closets, hardwood floors, granite counter tops, 3 tone paint, new black appliances windows, cabinets and much more! $550/mo Call the office 317-784-3737 112 Units
Results within 10 miles of Greenwood
Verified
Last updated February 17 at 01:31pm
Irvington
3 Units Available
Washington Court
5901 East Washington Street, Indianapolis, IN
1 Bedroom
$675
670 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Washington Court in Indianapolis. View photos, descriptions and more!
Verified
Last updated February 17 at 01:33pm
Near Eastside
14 Units Available
Pangea Courts
4425 Linwood Ct, Indianapolis, IN
1 Bedroom
$601
550 sqft
2 Bedrooms
$635
780 sqft
Eat-in kitchens, updated appliances and free heat are the highlights of these apartment homes. Cats and dogs allowed. Near Christian Park. Close to I-70 and I-65.
Verified
Last updated February 17 at 01:34pm
Irvington
5 Units Available
Irvington Arms
5345 East Washington Street, Indianapolis, IN
Studio
$550
350 sqft
Welcome to Irvington Arms in Irvington on the East side of Indianapolis.
Verified
Last updated February 17 at 01:34pm
Beech Grove
6 Units Available
Beech Meadow
147 Diplomat Ct, Beech Grove, IN
1 Bedroom
$700
790 sqft
2 Bedrooms
$879
980 sqft
3 Bedrooms
$960
1270 sqft
Beech Meadow Apartments, located in Beech Grove, Indiana, is your link to city convenience and country charm! Beech Meadow is located within walking distance to the award winning Beech Grove Schools! We're just minutes from I-465, I-65 and downtown
Verified
Last updated February 12 at 10:10pm
Mars Hill
4 Units Available
Mann Village
4010 Mann Village Rd, Indianapolis, IN
1 Bedroom
$640
609 sqft
2 Bedrooms
$740
774 sqft
Welcome to Mann Village Apartments, an affordable apartment community on the southwest side of Indianapolis, Indiana, offering one and two bedroom apartments.
Last updated February 17 at 01:50pm
Mars Hill
1 Unit Available
2838 S. Fleming Street West Side
2838 South Fleming Street, Indianapolis, IN
1 Bedroom
$700
1250 sqft
1 bedroom duplex - Property Id: 29226 Move in READY REQUEST A SHOWING TODAY! Cute 1 bedroom duplex in quiet neighborhood.
Last updated February 17 at 01:50pm
Irvington
1 Unit Available
5819 E Washington St 2
5819 East Washington Street, Indianapolis, IN
Studio
$595
440 sqft
Historic Irvington - Property Id: 79433 The Elizabeth Ann apartments are in the heart of Irvington. Beautifully restored building and studios. All new appliances and kitchen, hardwood floors. $595/mo and $500 deposit. Heat and water paid.

February 2020 Greenwood Rent Report

Welcome to the February 2020 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 cities throughout the metro, state, and nation.

View full Rent Report

February 2020 Greenwood Rent Report

Welcome to the February 2020 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 cities throughout the metro, 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 2.6% in comparison to the same time last year. Currently, median rents in Greenwood stand at $752 for a one-bedroom apartment and $931 for a two-bedroom. Greenwood's year-over-year rent growth leads the state and national averages, which both stand at 1.6%.

    Rents rising across the Indianapolis Metro

    Throughout the past year, rent increases have been occurring not just in the city of Greenwood, but across the entire metro. Of the largest 10 cities that we have data for in the Indianapolis metro, 8 of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

    • Beech Grove has the least expensive rents in the Indianapolis metro, with a two-bedroom median of $844; additionally, the city has seen the fastest rent growth in the metro over the past month (1.2%).
    • Over the past year, Fishers has seen the biggest rent drop in the metro, with a decline of 4.6%. Median two-bedrooms there cost $1,143, while one-bedrooms go for $923.
    • Zionsville has the most expensive rents of the largest cities in the Indianapolis metro, with a two-bedroom median of $1,615; rents went down 0.1% over the past month but rose 4.7% over the past year.

    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.

    • Rents increased moderately in other cities across the state, with Indiana as a whole logging rent growth of 1.6% over the past year. For example, rents have grown by 2.4% in Fort Wayne and 1.1% in Evansville.
    • Greenwood's median two-bedroom rent of $931 is below the national average of $1,193. Nationwide, rents have grown by 1.6% over the past year compared to the 2.6% increase in Greenwood.
    • While Greenwood's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.7%), Dallas (+2.4%), and Seattle (+1.8%).
    • 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 more than three 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 Rent
    Median 2BR Rent
    M/M Rent Growth
    Y/Y Rent Growth
    Indianapolis
    $710
    $880
    0.2%
    2.2%
    Carmel
    $990
    $1,230
    0.2%
    2.4%
    Fishers
    $920
    $1,140
    -0.1%
    -4.6%
    Noblesville
    $860
    $1,070
    -0.4%
    3.5%
    Greenwood
    $750
    $930
    -0.1%
    2.6%
    Plainfield
    $820
    $1,010
    0.5%
    5%
    Brownsburg
    $770
    $950
    -0.1%
    -0.1%
    Greenfield
    $730
    $910
    -0.5%
    2.4%
    Beech Grove
    $680
    $840
    1.2%
    4.5%
    Zionsville
    $1,300
    $1,610
    -0.1%
    4.7%
    Avon
    $980
    $1,210
    0.3%
    0.5%
    See More

    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.

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