How much does it cost to rent in Greenfield, IN?

As of July 2026, the median monthly rent in Greenfield, IN is $1,584. This figure is based on aggregated data from public sources and community-submitted rents.

Is Greenfield cheaper than other Indiana cities?

Greenfield falls in the middle range for Indiana, ranking #24 out of 65 cities at $1,584/mo.

When was Greenfield rent data last updated?

Greenfield rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · IN

Greenfield

Name: Average Rent Prices in Greenfield, IN
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 24,940·24th most expensive in Indiana·Rental market data updated monthly for Greenfield, IN

Median rent (all units)

$1,584/mo

Year-over-Year

+2.7%

Month-over-Month

-0.3%

vs US Median

-$381

Stable (Monthly)

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Most AffordableMost Expensive

Greenfield · $1,584

More affordable than 70% of US cities · National median $1,965/mo

Rent Reality Score

63/100

Good value

OverheatedFairGreat value

Rents are 7% below what Greenfield's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,584/mo

Expected by trend

$1,694/mo

The Rent Reality Score compares today's median rent to where Greenfield's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$890

1 BR

$1,040

2 BR

$1,220

3 BR

$1,590

4 BR+

$1,920

Research median

$1,220/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$19,008/yr

At $1,584/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.7% YoY, -0.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Greenfield, IN is majority owner-occupied, 26.2% of residents hold a bachelor's degree or higher.

Population

24,940

Median income

$76,127

Median age

38.8

Renters

35.1%

Age distribution

20.4%

23.9%

25%

19.6%

Under 1820.4%

18–3423.9%

35–5425%

55–6411.1%

65+19.6%

Gender

48.7%

51.3%

Male48.7%

Female51.3%

Race & ethnicity

89.9%

White89.9%

Black2.1%

Hispanic3.2%

Asian1.7%

Other3.1%

Education (25+)

33.3%

33.4%

26.2%

No HS diploma7.1%

HS diploma33.3%

Some college33.4%

Bachelor's+26.2%

Housing tenure

64.9%

35.1%

Owner64.9%

Renter35.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Greenfield, IN has changed in 5 years

Rent

$1,345 → $1,584

up 17.8%

Income

$63,952 → $76,127

up 19.0%

Population

23,024 → 24,940

up 8.3%

Renter share

38.6% → 35.1%

-3.5 pts

Bachelor's+

23.7% → 26.2%

+2.5 pts

Median age

38.1 → 38.8

+0.7 yrs

Five years ago, renters in Greenfield, IN paid around $1,345 a month. That figure now sits near $1,584, up 17.8% from the 2022 baseline. Household income in the area moved from $63,952 to $76,127 across the same window, up 19.0% versus 2021. Census counts show Greenfield, IN adding about 1,916 residents over the five-year window, up 8.3% on net. The renter share has eased from 38.6% to 35.1%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 23.7% to 26.2% across the same window. Reading these numbers side by side helps frame whether current listings in Greenfield, IN look reasonable against where the market sat half a decade ago.

Community

Discussions about Greenfield

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View Greenfield rent history (2015–2026) →

Salary vs rent

Can you afford rent in Greenfield on your salary?

At $1,584/mo, how Greenfield rent compares to typical pay (30% rule).

Registered Nurse

Avg $86,922/yr · Rent = 21.9% income

affordable

Elementary School Teacher

Avg $61,714/yr · Rent = 30.8% income

stretched

Police Officer

Avg $71,088/yr · Rent = 26.7% income

affordable

Software Developer

Avg $127,061/yr · Rent = 15% income

very comfortable

Lawyer

Avg $162,352/yr · Rent = 11.7% income

very comfortable

Firefighter

Avg $57,785/yr · Rent = 32.9% income

stretched

Truck Driver

Avg $52,173/yr · Rent = 36.4% income

stretched

Electrician

Avg $64,308/yr · Rent = 29.6% income

affordable

By apartment size

Greenfield rent by bedroom count

Median rent for each apartment size in Greenfield. Click any size for full breakdown.

Local insights

Tips for renters in Greenfield

About renting in Greenfield, IN

Last updated: July 20, 2026

The median rent in Greenfield is $1,584/mo as of July 2026. A studio apartment averages $890/mo while a 2-bedroom runs $1,220/mo. One-bedroom apartments average $1,040/mo and 3-bedroom units go for $1,590/mo.

At 25% of local median household income ($76,127/yr), Greenfield ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.

FAQ

Frequently asked questions

Is Greenfield an affordable city for renters?

Greenfield is considered affordable for renters. At $1,584/mo, rent takes approximately 25% of the local median household income ($76,127/yr). The standard benchmark is 30%. Greenfield falls comfortably within that range.

How much income do you need to rent in Greenfield?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,584/mo in Greenfield. The local median household income is $76,127/yr, meaning the typical Greenfield household meets that threshold.

Is rent going up or down in Greenfield?

Rent in Greenfield has increased 2.7% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Greenfield rent compare to other cities in Indiana?

Greenfield is middle-of-the-pack for Indiana for rent, ranking #24 out of 65 tracked cities at $1,584/mo.

Which nearby cities are cheaper to rent in than Greenfield?

Fortville is nearby and more affordable at $1,554/mo, which is $30 less than Greenfield.

What percentage of Greenfield residents rent vs. own?

According to Census data, approximately 35.1% of Greenfield households are renters, while 64.9% are owner-occupied. Greenfield leans toward homeownership, which can mean a smaller rental inventory.

How does Greenfield rent compare to the national average?

Greenfield's median rent of $1,584/mo is $381 (19%) below the US national median of $1,965/mo. Within Indiana, it ranks #24 out of 65 tracked cities.

Income Affordability

25%

AFFORDABLE

At $1,584/mo, rent takes ~25% of Greenfield's median household income ($76,127/yr). The standard benchmark is 30%.

Greenfield 25%Benchmark 30%

State income tax3.05%

Run the Greenfield affordability calculator →

Nearby cities