Greenwood, Indiana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Greenwood, Indiana rental market.
Greenwood, Indiana
Average Apartment Rent
$1,367
Y-o-Y Change in Average
Apartment Rent
0%
As of March 2026
Compared to a year ago, Greenwood, Indiana apartments have recorded a 0% rent increase.
Greenwood, Indiana Average apartment rent trend
Greenwood, Indiana Average Apartment Rent
Greenwood, Indiana Apartment rent ranges
At 58.65%, apartments priced $1,000 - $1,500 represent the bulk of Greenwood, Indiana rentals, while condos priced $2,500 - $3,000 hold the lowest share of the market – 0.21%.
Greenwood, Indiana Housing tenure**
Renters take up 39% of Greenwood, Indiana real estate, occupying a total of 10,020 units, while homeowners live in 15,600 properties.
Median number of rooms of renter-occupied housing units**
4.3
Renter median household income**
$54,539
Average household size of renter-occupied housing units**
2.15
Rental vacancy rate**
6%
Greenwood, Indiana Renter-occupied housing units by no. of bedrooms**
There are 4,158 rentals in Greenwood, Indiana with 2 beds making up the highest share of the market, at 41%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 120 units. Overall, the median number of rooms in Greenwood, Indiana homes for rent is 4.3.
Greenwood, Indiana Renter-occupied units by age of householder**
Most condos for rent in Greenwood, Indiana are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (20%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 3%.
Greenwood, Indiana Renter-occupied housing units by family type**
Greenwood, Indiana Renter-occupied housing units by the presence of own children**
A total of 4,790 apartments for rent in Greenwood, Indiana, or 48% of all rentals are family households. Additionally, 31% of rental homes include children under the age of 18 – that’s 3,059 units. All in all, the median size of a renter-occupied household in Greenwood, Indiana is 2.15.
Greenwood, Indiana Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 24% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Greenwood, Indiana.
Greenwood, Indiana Renter-occupied units by year structure built**
The highest share of Greenwood, Indiana apartment rentals, namely 31% or 3,138 units, were Built 1990 - 1999, followed by those Built 2000 - 2009 (22%, 2,233 units), and the ones Built 1970 - 1979 (16%, 1,566 units).
Greenwood, Indiana Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Greenwood, Indiana renters (47%) moved in 2018 to 2020, while only 3% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Greenwood, Indiana condos for rent is 2019.
Greenwood, Indiana Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Greenwood, Indiana renters have 1 vehicle available per household, 39% of them have 2 vehicles available, and 8% have No vehicle available.
Greenwood, Indiana Means of transportation to work of householders living in renter-occupied housing units**
Greenwood, Indiana Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Greenwood, Indiana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
