3-Bedroom Apartment Rent in Greenwood, IN
Median asking rent for a 3-bedroom apartment in Greenwood, Indiana as of July 2026. That's +10% higher than the citywide median of $1,609 and +17% below the national 3-bedroom median of $2,130.
Income needed for a 3-bedroom in Greenwood
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 3-bedroom at the current median rent.
Rent by apartment size in Greenwood
Compare Greenwood's median rent across every apartment size.
Cheapest cities for a 3-bedroom in Indiana
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Frankfort | $924 |
| 2 | New Castle | $1,130 |
| 3 | East Chicago | $1,150 |
| 4 | La Porte | $1,152 |
| 5 | Crawfordsville | $1,158 |
| 6 | Richmond | $1,160 |
| 7 | Marion | $1,210 |
| 8 | Angola | $1,220 |
| 9 | Delphi | $1,230 |
| 10 | Logansport | $1,230 |
| 11 | Terre Haute | $1,233 |
| 12 | Kokomo | $1,245 |
| 13 | Muncie | $1,283 |
| 14 | Michigan City | $1,290 |
| 15 | Warsaw | $1,300 |
Most expensive cities for a 3-bedroom in Indiana
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Zionsville | $2,430 |
| 2 | Whitestown | $2,330 |
| 3 | Carmel | $2,320 |
| 4 | McCordsville | $2,110 |
| 5 | Lawrence | $2,110 |
| 6 | Avon | $2,080 |
| 7 | Westfield | $2,060 |
| 8 | Fishers | $2,050 |
| 9 | Brownsburg | $1,960 |
| 10 | Granger | $1,910 |
| 11 | Sellersburg | $1,880 |
| 12 | Noblesville | $1,840 |
| 13 | Plainfield | $1,800 |
| 14 | Munster | $1,790 |
| 15 | Greenwood (this page) | $1,775 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 3-bedroom rents than Greenwood.
| City | Distance | 3-Bedroom rent | vs Greenwood |
|---|---|---|---|
| Beech Grove, IN | 8.3 mi | $1,590 | $-185 (-10%) |
| Franklin, IN | 11.7 mi | $1,600 | $-175 (-10%) |
| Indianapolis, IN | 12.5 mi | $1,768 | $-7 (0%) |
| Speedway, IN | 15 mi | $1,590 | $-185 (-10%) |
| Plainfield, IN | 17.8 mi | $1,800 | +$25 (+1%) |
| Avon, IN | 20.8 mi | $2,080 | +$305 (+17%) |
| Lawrence, IN | 21.8 mi | $2,110 | +$335 (+19%) |
| Brownsburg, IN | 24 mi | $1,960 | +$185 (+10%) |
| Carmel, IN | 24.1 mi | $2,320 | +$545 (+31%) |
| McCordsville, IN | 25.6 mi | $2,110 | +$335 (+19%) |
| Shelbyville, IN | 26.2 mi | $1,590 | $-185 (-10%) |
| Zionsville, IN | 27.6 mi | $2,430 | +$655 (+37%) |
3-Bedroom rent in Greenwood — common questions
How much is a 3-bedroom apartment in Greenwood?
As of July 2026, the median 3-bedroom apartment rent in Greenwood, Indiana is $1,775 per month. This is +10% higher than the citywide median of $1,609.
What income do you need to afford a 3-bedroom in Greenwood?
Using the standard 30% rent-to-income rule, you would need an annual income of about $71,000 ($5,917/month gross), which works out to roughly $34.13/hour at a full-time job.
Is Greenwood expensive for a 3-bedroom compared to the rest of the US?
Greenwood's 3-bedroom median of $1,775 is +17% below the national 3-bedroom median of $2,130. It ranks in the 32th percentile of US cities tracked.
How does Greenwood rank for 3-bedroom rent in Indiana?
Among the 65 cities in Indiana with 3-bedroom data, Greenwood ranks #51 from cheapest to most expensive.
Are there cheaper 3-bedroom options near Greenwood?
Yes — nearby cities with cheaper 3-bedroom rents include Beech Grove ($1,590), Franklin ($1,600), Indianapolis ($1,768).