Updated 10 Hours Ago
Highlights
- Easy access to major roadways
- Leasing team
Location
505 W Smith Valley Rd, Greenwood, IN 46142, USA
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Property Overview
Cedarbrook offers strong overall value with a high expert rating, excellent price score, and a solid amenities and location profile. Its convenient access to major roadways, nearby grocery options, and close proximity to highly rated schools are complemented by a leasing team and a description that appears transparent and detailed.
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.
Things you’ll love
Elementary school nearby- High school nearby
- Middle school nearby
Floor plans
| 2x1 R | 2 bed | 1 bath | 702 sqft | $1,025 /mo | 2 units available | 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! |
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
| Units | 40 |
|---|
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About 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 GoodWith 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.
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 mile away
- High school nearby
- There is a high school 0.1 mile away
- Middle school nearby
- There is a middle school 0.4 mile away
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Rent trends in Greenwood
2-bedroom apartments at Cedarbrook cost about 26% less than the average rent price for 2-bedroom apartments in Greenwood.
Median rents as of Jul 25 2026.
Greenwood
| Month | Median Rent |
|---|---|
| August 2024 | $1,134 |
| September 2024 | $1,138 |
| October 2024 | $1,177 |
| November 2024 | $1,203 |
| 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 |
Affordability calculator
Can I afford to live at 505 W Smith Valley Rd?
Bedrooms
2 bedroomsRent-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
$41,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 2-bedrooms monthly rent price of $1,025.
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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Internet available near Cedarbrook
Neighborhood
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
Lover's Lane-Greenwood
1001 US Highway 31 S
Main Street Alterations
150 N Madison Ave
Abby's Closet
350 Euclid Ave
One Tenth Boutique
202 N Madison Ave
Professional Apparel LLC
444 N Madison Ave
Dunkin'
120 W Smith Valley Rd
Coffeehouse Five
323 Market Plz
Sassafras Tea Room
229 N Madison Ave
Starbucks
189 E Worthsville Rd
BIGGBY Coffee
718 US Highway 31 N
Lavishhair Lounge
640 US Highway 31 S
La Patrona
884 US Highway 31 N
Johnny Carino's
920 US Highway 31 N
Applebee's Grill + Bar
1251 US Highway 31 N
Dave & Buster's
1251 US Highway 31 N
Berlin Baking
Waterman's Family Farm
1100 N New Ind 37
Archers Meat Packing
259 S Meridian St
Sassafras Tea Room
229 N Madison Ave
A Piece of Cake
484 N Madison Ave
Ashmore North Park
Woodmen Park
Ashmore Trace Park
Playground
Playground
Steak 'n Shake
247 W Smith Valley Rd
Egg Roll Number One
640 US Highway 31 S
Little Caesars
670 US Highway 31 S
Burger King
714 U S 31 South
Dunkin'
120 W Smith Valley Rd
Greenwood Park Mall
US 31, Red Line, Red Line
County Line Rd / Greenwood Park Mall
US 31, US 31
Madison Ave / County Line Rd
Red Line
Madison Ave / County Line Rd
Red Line
County Line Rd / Westminster Dr
US 31
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