Rentometer, Inc. | Data as of 10/23/2025
Greenwood, Indiana offers a balanced rental market that caters to a wide range of lifestyle preferences, from compact studio apartments to spacious four‑plus bedroom homes. Apartment seekers can find studio units typically in the $1180 range, while larger three‑bedroom apartments trend toward the $1700‑$1800 bracket. Home renters enjoy competitive pricing as well, with one‑bedroom houses averaging just over $1000 and larger family homes — especially those with three bedrooms — often landing in the $1800 range. This diversity of options, combined with a mix of older character homes and modern apartment communities, makes Greenwood a flexible destination for both newcomers and long‑time residents.
The city’s neighborhoods each bring their own charm, from the vibrant downtown district near Greenwood Park Mall to the family‑friendly streets of the Westside and the historic charm of the Brookshire area. Proximity to major highways, quality schools, and a variety of parks and recreational facilities enhances the appeal of Greenwood’s rental market. Whether you’re drawn to the convenience of urban amenities or the quieter residential enclaves, the city’s housing stock supports a comfortable, connected lifestyle that’s well suited to professionals, students, and growing families alike.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,180 | $1,251 | $750 - $1,279 | $1,244 - $1,274 |
| Apartment | 1 Bedroom | $1,250 | $1,256 | $850 - $1,640 | $1,099 - $1,379 |
| Apartment | 2 Bedroom | $1,504 | $1,467 | $920 - $2,150 | $1,294 - $1,710 |
| Apartment | 3 Bedroom | $1,765 | $1,708 | $1,375 - $2,495 | $1,555 - $1,990 |
| House | 1 Bedroom | $1,166 | $925 | $825 - $1,750 | $825 - $1,750 |
| House | 2 Bedroom | $1,397 | $1,399 | $850 - $1,850 | $1,295 - $1,495 |
| House | 3 Bedroom | $1,818 | $1,799 | $1,395 - $2,600 | $1,689 - $1,920 |
| House | 4+ Bedroom | $2,210 | $2,107 | $1,265 - $4,900 | $1,975 - $2,400 |
In the current period, the average rent in Greenwood was $1,180 for Studio, $1,245 for 1 Bedroom, $1,479 for 2 Bedroom, $1,816 for 3 Bedroom, and $2,137 for 4+ Bedroom.
Data provided by Rentometer, Inc.