Arlington Farms
2755 Red Bloom Dr,
Greenwood, IN 46143
1-3 Beds | $1,420 - $1,900
Rental Market Trends in Greenwood, IN
Updated September 2026
The average rent in Greenwood, IN is $1,169/month.
Rent in Greenwood is 30% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,169/month
Average Rent
702 Sq Ft
Average Size
-0.5%
Change / Year
1,223
Available Apartments
Greenwood rent varies by unit size and layout:
- Studio apartments in Greenwood average $961 per month.
- One-bedroom apartments in Greenwood average $1,169 per month.
- Two-bedroom apartments in Greenwood average $1,410 per month.
- Three-bedroom apartments in Greenwood average $1,708 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Greenwood, IN?
In the past year, rent has decreased by 0.5%, which averages out to $6 less per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Greenwood, IN
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
5%
Below $700/month
14%
$700 - $1,000/month
59%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
2%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Greenwood?
Based on current rent prices, Southside Indianapolis is the most affordable neighborhood in Greenwood.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Greenwood?
Based on current rent prices, Southside Indianapolis is the most expensive neighborhood in Greenwood.
Neighborhood
Average Rent
Average Sq Ft
Which Greenwood neighborhoods have the most rentals available?
The neighborhood in Greenwood with the most apartments available is Southside Indianapolis .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Greenwood, IN?
Because the average rent in Greenwood is $1,169, you’ll want to make about $3,896 per month or $46,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Greenwood, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Greenwood, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Greenwood Area GuideStudio
$956/month
$956/month
One Bedroom
$1,177/month
$1,177/month
Two Bedroom
$1,406/month
$1,406/month
Three Bedroom
$1,773/month
$1,773/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Whiteland
Avg Rent: $1,367/month
-
Beech Grove
Avg Rent: $1,012/month
-
Franklin
Avg Rent: $1,205/month
-
Bargersville
Avg Rent: $1,259/month
-
Camby
Avg Rent: $1,365/month
Apartment Communities in Greenwood We Think You'll Love
Rental Management, Simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Greenwood?
The average rent in Greenwood is $1,169 per month, which is 29.8% lower than the national average of $1,665.
What is the average rent for a house in Greenwood?
The average rent for a house in Greenwood, IN is $1,919 per month.
Are rents going up or down in Greenwood?
Rents in Greenwood, IN are decreasing, with prices down 0.5% year-over-year and $6 less per month.
What rent range is most common in Greenwood?
In Greenwood, IN, 59% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.