Last updated on June 15, 2026

Average rent in
Greenwood, IN

Key takeaways for renters

  • The bottom line

    Greenwood, IN rent rose 9.8% year over year to a current median of $1,799/month, matching the peak rent level from June 2026. Renters are paying $142 more per month on average than last year, with a 2.6% increase month over month as well.

  • Greenwood sits 7.7% more affordable than the $1,950/month national median, offering a moderately priced market with 80 total rentals available. This positions Greenwood as a mid-tier metro for renters balancing cost and availability.

  • Price ranges

    Studios in Greenwood rent for $958/month, 1-bedrooms for $1,229/month, and 2-bedrooms for $1,399/month, with 3-bedrooms at $1,850/month and 4+ bedrooms at $2,300/month. This range reflects the variety of bedroom sizes available to renters.

  • Neighborhood spotlight

    The studio segment in Greenwood fell 45.9% year over year, contrasting with the overall citywide rent rise of 9.8%. This decline shows a unique dynamic within the smallest unit type in the market.

Median rent

Median rent in Greenwood

$1,799/mo

increased by10%

vs previous year

The average rent in Greenwood is $1,799 per month as of June 2026. This is 8% below the national average rent, or $151 less per month.

$1.10

average price per square foot

Total rentals

Available rentals in Greenwood

80

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Greenwood rentals at each price point

55%41%28%14%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Greenwood, IN

Average rent prices in Greenwood have increased by 3% over the last month and have increased by 10% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Greenwood, IN

Rent prices in Greenwood vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Greenwood is $1,389, whereas a house costs $1,975. 1-bedroom apartments in Greenwood run $1,248 on average, while 2-bedroom apartments are $1,410.

Listings

Studio

$958

No Change

49%

1 bedroom

$1,229

No Change

11%

2 bedroom

$1,399

1%

2%

3 bedroom

$1,850

2%

1%

4 bedroom

$2,300

2%

8%

Studio

Average rent

$958

Last year

49%

1 bedroom

Average rent

$1,229

Last 30 days

No Change

Last year

11%

2 bedroom

Average rent

$1,399

Last 30 days

1%

Last year

2%

3 bedroom

Average rent

$1,850

Last 30 days

2%

Last year

1%

4 bedroom

Average rent

$2,300

Last 30 days

2%

Last year

8%

The table above reflects average rent prices in Greenwood, IN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Greenwood, IN compare to other cities?

Compare median rent prices in Greenwood and Avon by all bedroom counts and property types.

Greenwood

Median rent price$1,799
decreased by8%

lower than the national median

Median rent price$1,912
decreased by2%

lower than the national median

Takeaway

The median rent for all rentals in Greenwood, IN is 6% lower than the median rent in Avon, IN.

Discover rentals in Greenwood, IN

Greenwood Terrace - Photo 1 of 1

5d+ ago

7.8

Very good

Greenwood Terrace

600 Wood Dale Ter, Greenwood, IN 46142

2 beds

1 bath

$999

Apartment for rent

514 Carol Dr - Photo 1 of 1
3D tour

4h ago

House for rent in Greenwood

3 beds

1 bath

$1,395

House for rent

1088 S Morgantown Rd - Photo 1 of 1

4d ago

House for rent in Greenwood

House for rent

4d ago

Condo for rent in Greenwood

1480 Royal View Ln, Greenwood, IN 46143

3 beds

2.5 baths

$1,550

Condo for rent

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Greenwood, IN

Quick answers to common questions about the Greenwood rental market.

How much is rent in Greenwood?

The average rent in Greenwood is $1,799 per month as of June 13, 2026.

Is rent up or down in Greenwood?

Average rent prices in Greenwood have increased by 3% over the last month and have increased by 10% since last year.

How does Greenwood rent compare to the national average?

Rent in Greenwood is 8% below the national average, which means renters are paying approximately $151 less per month.

What salary do I need to afford rent in Greenwood?

To comfortably afford rent in Greenwood, you'd need to earn approximately $72,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Greenwood?

One-bedroom apartments in Greenwood average around $1,200 per month in 2025, while two-bedroom units rent for around $1,400 monthly. These figures represent the current market rates across the city's rental inventory.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Avon