Last updated October 14, 2026

Average Rent in Greenwood 46142 & Rent Trends

Rent prices and market trends across 8 apartment communities 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

$1,109/mo

▲ +3.1% from last month

Lowest Available

$933/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Rent Watch: cuts and increases

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See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Greenwood 46142 vs Greenwood, IN Average

Greenwood 46142 is cheaper than the Greenwood, IN average by $348/mo (24%). The citywide average is $1,457/mo across all neighborhoods.

Is Rent Going Up or Down in Greenwood 46142?

As of October 2026, the average rent in Greenwood 46142 is $1,109 per month across 8 apartment communities and 33 available units. Rents have increased $33 (3.1%) over the past month.

The most affordable option is Polo Run Apartments starting at $933/mo. By unit type, a 1-bedroom averages $1,109/mo.

Prices range from $933 to $1,350 per month. The most common price point is the $1,000 range, where 16 units are currently listed.

Greenwood 46142 Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
October 2026	$1,218	-	8

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Rent Price Distribution

Rent by Bedroom Type in Greenwood 46142

1 Bed

$1,109

from $933 · 33 units

Rent Prices by Apartment in Greenwood 46142

Property	Starting at	Average	Units	Rating
Polo Run Apartments	$933/mo	$951/mo	3	4
Auburn Place	$971/mo	$1,017/mo	5	3
Westminster Apartments	$980/mo	$1,084/mo	7	3.7
Sandstone Apartments	$995/mo	$1,120/mo	8	4.1
BayShore Apartments	$1,000/mo	$1,000/mo	1	3.9
Stonehedge Apartments	$1,099/mo	$1,099/mo	1	3.8
Meridian Oaks Apartments	$1,160/mo	$1,255/mo	4	4.2
Devonshire	$1,230/mo	$1,250/mo	4	3.8

Frequently Asked Questions About Rent in Greenwood 46142

What is the average rent in Greenwood 46142?

The average rent in Greenwood 46142 is $1,109 per month as of October 2026, based on 33 units across 8 apartment communities.

Is rent going up or down in Greenwood 46142?

Rent in Greenwood 46142 has increased $33 (3.1%) over the past month. The current average is $1,109/mo.

What is the cheapest apartment in Greenwood 46142?

The most affordable apartment in Greenwood 46142 is Polo Run Apartments with units starting at $933/mo.

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

A 1-bedroom apartment in Greenwood 46142 averages $1,109/mo, with prices starting at $933/mo across 33 available units.

How many apartments are available in Greenwood 46142?

There are 33 units available across 8 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

$44,000/year

Based on the 30 percent rule, using our tracked average rent of $1,109/mo.

Comfortable income

$53,000/year

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

To afford the cheapest tracked apartment ($933/mo), you need to earn at least $37,000/year.

Median household income in Greenwood 46142 is $78,765 , about 48% above the comfortable-living threshold.

Cost of living in Greenwood 46142

Overall prices in Greenwood 46142 runs below the national average by about 5% (BEA Regional Price Parity index 94.7, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Greenwood 46142's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,109	daily refresh
Utilities	$374	BLS × BEA RPP
Groceries	$512	BLS × BEA RPP
Transportation	$892	BLS × BEA RPP
Healthcare	$435	BLS × BEA RPP
Other goods and services	$696	BLS × BEA RPP
Estimated total	$4,018/mo	$48,219/year

Population

64,237

Median household income

$78,765

Census median rent

$1,252/mo

Census rent burden

26.3%

Median age

36.4

Mean commute

25 min

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 were last published in 2023.

Indiana Rent Trends

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Explore Greenwood, IN on Map

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US-wide rent comparison

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