Last updated October 14, 2026

Average Rent in Greenwood, IN & Rent Trends

Rent prices and market trends across 15 apartment communities in 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

$1,638/mo

Lowest Available

$1,299/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

Rent Watch: cuts and increases

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0 cuts and 0 increases among 4 comparable listings this week. Filter by bedrooms and budget, then inspect each building’s history.

Rent by Neighborhood in Greenwood, IN

Compare average rent across Greenwood, IN neighborhoods. Click any area to see detailed trends.

Neighborhood	Avg Rent	30d Change	From	Properties	Units
Indianapolis 46237	$1,941	▲ $270	$1,294	3	34
Greenwood 46143	$1,456	▼ $186	$522	14	150
Greenwood 46142	$1,301	▼ $178	$933	12	118
Edgewood	$1,226	▲ $45	$925	4	20

Is Rent Going Up or Down in Greenwood, IN?

As of October 2026, the average rent in Greenwood, IN is $1,638 per month across 15 apartment communities and 51 available units.

The most affordable option is Westminster Apartments starting at $1,299/mo. By unit type, a 3-bedroom averages $1,638/mo.

Prices range from $1,299 to $1,952 per month. The most common price point is the $1,600 range, where 26 units are currently listed.

Greenwood, IN Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
September 2026	$1,496	-	6
October 2026	$1,445	-$51	16

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, IN

3 Bed

$1,638

from $1,299 · 51 units

Rent Prices by Apartment in Greenwood, IN

Property	Starting at	Average	Units	Rating
Westminster Apartments	$1,299/mo	$1,431/mo	4	3.7
Bradford Lake	$1,378/mo	$1,378/mo	1	4.3
Yorktowne Farms Community	$1,400/mo	$1,565/mo	4	2.8
Sandstone Apartments	$1,435/mo	$1,691/mo	7	4.1
Honey Creek	$1,504/mo	$1,525/mo	7	4
Auburn Place	$1,521/mo	$1,521/mo	2	3
Ashmore Trace Apartments in Greenwood	$1,543/mo	$1,547/mo	4	4.1
Clary Crossing Apartments	$1,603/mo	$1,603/mo	1	3.7
Cambridge Square Apartments of Greenwood	$1,603/mo	$1,603/mo	1	3.7
Copper Chase at Stones Crossing	$1,649/mo	$1,714/mo	3	3.9
Latitudes Apartments	$1,679/mo	$1,740/mo	7	4.3
Meridian Oaks Apartments	$1,705/mo	$1,705/mo	1	4.2
Devonshire	$1,715/mo	$1,744/mo	5	3.8
South Haven Village Apartments	$1,760/mo	$1,760/mo	1	4.3
Summit Pointe	$1,874/mo	$1,906/mo	3	3.3

Frequently Asked Questions About Rent in Greenwood, IN

What is the average rent in Greenwood, IN?

The average rent in Greenwood, IN is $1,638 per month as of October 2026, based on 51 units across 15 apartment communities.

Is rent going up or down in Greenwood, IN?

The current average rent in Greenwood, IN is $1,638/mo, refreshed daily to track rent trends.

What is the cheapest apartment in Greenwood, IN?

The most affordable apartment in Greenwood, IN is Westminster Apartments with units starting at $1,299/mo.

How many apartments are available in Greenwood, IN?

There are 51 units available across 15 apartment communities in Greenwood, IN.

What salary do I need to live comfortably in Greenwood, IN?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$66,000/year

Based on the 30 percent rule, using our tracked average rent of $1,638/mo.

Comfortable income

$79,000/year

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

To afford the cheapest tracked apartment ($1,299/mo), you need to earn at least $52,000/year.

Median household income in Greenwood, IN is $78,765 , about 0% above the comfortable-living threshold.

Cost of living in Greenwood, IN

Overall prices in Greenwood, IN 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, IN's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,638	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	$4,547/mo	$54,567/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

Compare rent across all Indiana cities

Explore Greenwood, IN on Map

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US-wide rent comparison

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