Last updated
Average Rent in Greenwood 46227 & Rent Trends
Rent prices and market trends across 3 apartment communities in Greenwood 46227, Greenwood, IN. Updated daily.
Market Average
$1,010/mo
Lowest Available
$899/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
115
available now
Greenwood 46227 vs Greenwood, IN Average
Greenwood 46227 is cheaper the Greenwood, IN average by $165/mo (14%). The citywide average is $1,175/mo across all neighborhoods.
Is Rent Going Up or Down in Greenwood 46227?
As of June 2026, the average rent in Greenwood 46227 is $1,010 per month across 3 apartment communities and 115 available units.
The most affordable option is South Haven Village Apartments starting at $899/mo. By unit type, a studio averages $926/mo, a 1-bedroom averages $1,033/mo, a 2-bedroom averages $1,202/mo, a 3-bedroom averages $1,378/mo.
Prices range from $899 to $1,395 per month. The most common price point is the $800 range, where 74 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Greenwood 46227
Rent Prices by Apartment in Greenwood 46227
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| South Haven Village Apartments | $899/mo | $991/mo | 104 | 4.3 |
| Bradford Lake | $1,002/mo | $1,191/mo | 4 | 4.3 |
| Oak Park Apartments | $1,069/mo | $1,189/mo | 7 | 3.9 |
Google Search Trends for Greenwood 46227 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Greenwood 46227
What is the average rent in Greenwood 46227?
Is rent going up or down in Greenwood 46227?
What is the cheapest apartment in Greenwood 46227?
How much is a 1-bedroom apartment in Greenwood 46227?
How many apartments are available in Greenwood 46227?
What salary do I need to live comfortably in Greenwood 46227?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$40,000/year
Based on the 30 percent rule, using our tracked average rent of $1,010/mo.
Comfortable income
$48,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($899/mo), you need to earn at least $36,000/year.
Cost of living in Greenwood 46227
We only have live rent data for Greenwood 46227 so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,010 |
| Estimated total | $1,010/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures are refreshed annually.
Explore Greenwood 46227 Apartments
Browse all 3 communities with daily-updated pricing and availability.