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  1. Rent Special
    |
    STUDIO
    $1,340+
    1 BED
    $1,420+
    2 BEDS
    $1,740+
    3 BEDS
    $2,080+

    ARLO Apartments

    5945 Arlo Dr, Indianapolis, IN 46237
    (463) 300-5580
  2. Price Drop. $257 Off
    |
    1 BED
    $973+
    2 BEDS
    $946+
    3 BEDS
    $1,612+

    Auburn Place

    745 Wooddale Ter, Greenwood, IN 46142
    (463) 444-8814
  3. Price Drop. $328 Off
    |
    1 BED
    $1,195+
    2 BEDS
    $1,488+
    3 BEDS
    $1,814+

    Southern Dunes

    7247 Vista Cir, Indianapolis, IN 46217
    (463) 444-8893
  4. 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
Showing 42 of 207 results, Page 1 of 5

Greenwood at a Glance

Average Rent

$1,156
(All bedrooms and property types)
Learn more about
Average Rent in Greenwood
7

School Rating

out of 10 Rating
Learn more about
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)

Average Rent in Nearby Cities

(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
Private University
GreatSchools Rating

Public High School

Public
Grades 9-12
2,851 Students
GreatSchools Rating

Public High School

Public
Grades 9-12
1,175 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
1,213 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
1,553 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
1,025 Students
GreatSchools Rating

Public Middle School

Public
Grades 6-8
948 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
543 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
739 Students
GreatSchools Rating

Public Elementary School

Public
Grades K-5
704 Students

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

Frequently asked questions about renting in Greenwood, IN

What are the average rent costs in Greenwood, IN?

The average rent in Greenwood, IN is $1,156.

What are the average rent costs of a studio apartment in Greenwood, IN?

The average rent for a studio apartment in Greenwood, IN is $965.

What are the average rent costs of a one bedroom apartment in Greenwood, IN?

The average rent for a 1 bedroom apartment in Greenwood, IN is $1,156.

What are the average rent costs of a two bedroom apartment in Greenwood, IN?

The average rent for a 2 bedroom apartment in Greenwood, IN is $1,399.

What are the average rent costs of a three bedroom apartment in Greenwood, IN?

The average rent for a 3 bedroom apartment in Greenwood, IN is $1,672.

What are the average rent costs of a four bedroom apartment in Greenwood, IN?

The average rent for a 4 bedroom apartment in Greenwood, IN is $1,610.

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