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Cheap Apartments for Rent in Greenwood, IN

1,698 Rentals
.
  3. Building Photo - Windsor Court
    1 BED
    $728+
    2 BEDS
    $975+

    Windsor Court

    7302 Queen Anne Ct, Indianapolis, IN 46227
  7. Building Photo - Sherbrook
    STUDIO
    $799+
    1 BED
    $999+

    Sherbrook

    8026 McFarland Ct, Indianapolis, IN 46227
  10. Building Photo - Encore Apartments
    STUDIO
    $805+
    1 BED
    $1,070+
    2 BEDS
    $1,200+

    Encore Apartments

    8035 Preidt Pl, Indianapolis, IN 46237
  11. Building Photo - South & Madison
    STUDIO
    $809+
    1 BED
    $830+
    2 BEDS
    $1,030+
    3 BEDS
    $1,263+

    South & Madison

    1819 Madison Village Dr, Indianapolis, IN 46227
  15. Interior Photo - The Sterling
    1 BED
    $875+
    2 BEDS
    $950+

    The Sterling

    8020 Madison Ave, Indianapolis, IN 46227
  35. Building Photo - The Sycamores
    1 Month Free
    1 Month Free
    |
    1 BED
    $1,000+
    2 BEDS
    $1,200+
    3 BEDS
    $1,650+

    The Sycamores

    7913 Ella Dobbs Ln, Indianapolis, IN 46227
    (463) 300-5399
  40. Building Photo - Dakota Ridge
    1 BED
    $1,055+
    2 BEDS
    $1,310+
    3 BEDS
    $1,580+

    Dakota Ridge

    1510 Dakota Ridge Dr, Indianapolis, IN 46217
Showing 42 of 204 results, Page 1 of 5

Greenwood at a Glance

Average Rent

$1,161
(All bedrooms and property types)
Learn more about
Average Rent in Greenwood
7

School Rating

out of 10 Rating
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Schools in Greenwood
1

Some Transit

out of 100 TransitScore® Rating
Learn more about
Transportation in Greenwood
43

Somewhat Bikeable

out of 100 BikeScore® Rating
Learn more about
Transportation in Greenwood

Greenwood, IN Apartments for Rent

Greenwood sits just 11 miles south of downtown Indianapolis and traces its roots back to 1823, when the Smock brothers built a cabin on land that's now home to Greenwood Park Mall. If you're searching for apartments for rent in Greenwood, you'll discover everything from contemporary apartment communities to charming properties near the historic Old Town district. Studios typically start around $967, while three-bedroom homes average about $1,660.

Renting in Greenwood means enjoying suburban comfort with big-city perks right at your fingertips. Popular neighborhoods like Center Grove and the Worthsville Road corridor near Interstate 65 make commuting to Indianapolis and beyond a breeze. You'll love having Greenwood Park Mall nearby for shopping and dining, plus 17 parks covering more than 400 acres. Freedom Park and City Center Park offer over 20 miles of trails for outdoor adventures. Major employers including Endress+Hauser and Amazon help drive the local economy, while Interstate 65 and Interstate 69 keep you connected to everywhere you need to go.

Renting in Greenwood

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Greenwood

(For 1 bedroom apartments)

Getting Around Greenwood

Transportation

41

Car-Dependent

out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you need a car.
43

Somewhat Bikeable

out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you'll most likely want your car for most errands.
1

Minimal Transit

out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Scores provided by Walk Scoreⓘ

Education

Private University
Public University
Public University
Public University
Private University
GreatSchools Rating
Center Grove High School

Public High School

Public
Grades 9-12
2,851 Students
GreatSchools Rating
Greenwood Community High School

Public High School

Public
Grades 9-12
1,175 Students
GreatSchools Rating
Center Grove Middle School Central

Public Middle School

Public
Grades 6-8
1,213 Students
GreatSchools Rating
Clark Pleasant Middle School

Public Middle School

Public
Grades 6-8
1,553 Students
GreatSchools Rating
Center Grove Middle School North

Public Middle School

Public
Grades 6-8
1,025 Students
GreatSchools Rating
Greenwood Middle School

Public Middle School

Public
Grades 6-8
948 Students
GreatSchools Rating
Southwest Elementary School

Public Elementary School

Public
Grades K-5
543 Students
GreatSchools Rating
Center Grove Elementary School

Public Elementary School

Public
Grades K-5
739 Students
GreatSchools Rating
North Grove Elementary School

Public Elementary School

Public
Grades K-5
704 Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

Apartments for Rent Near Greenwood

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Greenwood Apartments for Rent in Your Budget

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