Zumper
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Updated 22 Hours Ago

Highlights

  • Easy access to major roadways
  • Leasing team

Location

505 W Smith Valley Rd, Greenwood, IN 46142, USA
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Contact

Management

Allen Christy Pinebrook, LLC

Leasing office

(317) 893-4488

Property Overview

Cedarbrook earns a strong overall impression with an 8.3 Zumper Expert Rating, driven by excellent price value, a well-regarded amenities package, and a highly convenient location. It also stands out for its proximity to top-rated schools, strong value for money, and easy access to major roadways, with the leasing team noted as a notable feature.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Cedarbrook is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Cedarbrook has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • Grocery store nearby
  • High school nearby

Floor plans

1x1 R1 bed1 bath511 sqft$950 /mo1 unit availableCedarbrook Apartments is conveniently located in Greenwood, Indiana, along West Smith Valley Rd., placing residents close to shopping, dining, parks, and everyday necessities. The surrounding area offers easy access to major roadways, making commuting and running errands simple and efficient! Our community features practical floor plan options designed to support comfortable daily living. The leasing team is available to provide details on current availability and show you the community in person. Stop by the leasing office to tour available floor plans and learn more about Cedarbrook Apartments today!
Two Bedroom Apartment2 bed1 bath702 sqft$975 /mo1 unit available
2x1 R2 bed1 bath702 sqft$1,075 /mo5 units availableCedarbrook Apartments is conveniently located in Greenwood, Indiana, along West Smith Valley Rd., placing residents close to shopping, dining, parks, and everyday necessities. The surrounding area offers easy access to major roadways, making commuting and running errands simple and efficient! Our community features practical floor plan options designed to support comfortable daily living. The leasing team is available to provide details on current availability and show you the community in person. Stop by the leasing office to tour available floor plans and learn more about Cedarbrook Apartments today!

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units40

About Cedarbrook

HomeApartments in Greenwood Cedarbrook

Cedarbrook Apartments is conveniently located in Greenwood, Indiana, along West Smith Valley Rd., placing residents close to shopping, dining, parks, and everyday necessities. The surrounding area offers easy access to major roadways, making commuting and running errands simple and efficient! Our community features practical floor plan options designed to support comfortable daily living. The leasing team is available to provide details on current availability and show you the community in person. Stop by the leasing office to tour available floor plans and learn more about Cedarbrook Apartments today!


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Cedarbrook is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Cedarbrook has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Cedarbrook
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Cedarbrook offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Cedarbrook is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Cedarbrook is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Cedarbrook does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Cedarbrook provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How Cedarbrook compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.2 miles away
Grocery store nearby
Only 0.5 miles from the nearest store
High school nearby
There is a high school 0.1 miles away
Middle school nearby
There is a middle school 0.4 miles away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

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Rent trends in Greenwood

1-bedroom apartments here are priced 16% lower than 1-bedrooms in Greenwood.

If you decide to upgrade your space, you can expect 2-bedrooms at Cedarbrook to be 22% less than the average for similarly sized apartments in Greenwood.

Median rents as of Oct 31 2026.
Greenwood
A table of 1-bedroom apartment rental data trends in Greenwood
MonthMedian Rent
November 2024$1,197
December 2024$1,147
January 2025$1,186
February 2025$1,145
March 2025$1,149
April 2025$1,158
May 2025$1,211
June 2025$1,221
July 2025$1,241
August 2025$1,151
September 2025$1,234
October 2025$1,261
November 2025$1,273
December 2025$1,226
January 2026$1,139
February 2026$1,166
March 2026$1,242
April 2026$1,225
May 2026$1,257
June 2026$1,240
July 2026$1,152
August 2026$1,182
September 2026$1,171
October 2026$1,148

Affordability calculator

Can I afford to live at 505 W Smith Valley Rd?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$38,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $38,000 annually to afford this 1-bedroom monthly rent price of $950.
For more information on rent affordability, visit our rent calculator.

Schools near Cedarbrook

Southwest Elementary School

619 w smith valley

greenwood, IN, 46142

K-5Public
B+

Ray Crowe Elementary

1300 ray crowe way

greenwood, IN, 46143

K-5Public
B

Family Development Services - Southeast Head Start

4024 south madison ave

indianapolis, IN, 46227

PKPublic

Rise Learning Center

5391 s shelby st

indianapolis, IN, 46227

PK, K-12Public

Walnut Grove Elementary School

4079 north morgantown rd

bargersville, IN, 46106

K-5Public
A
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Greenwood near 505 W Smith Valley Rd

Walking

5/10
Some shops and stores are within a few minutes.

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 505 W Smith Valley Rd, Greenwood

Groceries

1/10
Closest supermarket further than a 30-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

9/10
At least one high school within a 5-minute walk

Parks

6/10
Large amount of park space nearby

Nightlife

4/10
Some bars within walking distance

Explore the area around 505 W Smith Valley Rd

ALDI
1595 US Highway 31 S
Kroger
2200 Independence Dr
Gordon Food Service Store
790 US Highway 31 N
Desi Bazar
916 E Main St
Sam's Club
1101 Windhorst Way

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