4+ Bedroom Apartment Rent in Greenwood, IN
Median asking rent for a 4+ bedroom apartment in Greenwood, Indiana as of July 2026. That's +34% higher than the citywide median of $1,609 and +14% below the national 4+ bedroom median of $2,520.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Frankfort | $1,115 |
| 2 | East Chicago | $1,230 |
| 3 | Logansport | $1,230 |
| 4 | New Castle | $1,250 |
| 5 | Angola | $1,290 |
| 6 | Richmond | $1,350 |
| 7 | Marion | $1,370 |
| 8 | La Porte | $1,394 |
| 9 | Kokomo | $1,395 |
| 10 | Crawfordsville | $1,398 |
| 11 | Elkhart | $1,400 |
| 12 | Terre Haute | $1,430 |
| 13 | Mishawaka | $1,440 |
| 14 | Delphi | $1,450 |
| 15 | Goshen | $1,460 |
Most expensive cities for a 4+ bedroom in Indiana
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Zionsville | $2,960 |
| 2 | Whitestown | $2,830 |
| 3 | Carmel | $2,820 |
| 4 | McCordsville | $2,560 |
| 5 | Lawrence | $2,560 |
| 6 | Avon | $2,530 |
| 7 | Westfield | $2,500 |
| 8 | Fishers | $2,480 |
| 9 | Brownsburg | $2,390 |
| 10 | Noblesville | $2,235 |
| 11 | Sellersburg | $2,180 |
| 12 | Plainfield | $2,180 |
| 13 | Greenwood (this page) | $2,160 |
| 14 | Indianapolis | $2,143 |
| 15 | Granger | $2,040 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 5 of these cities have cheaper 4+ bedroom rents than Greenwood.
| City | Distance | 4+ Bedroom rent | vs Greenwood |
|---|---|---|---|
| Beech Grove, IN | 8.3 mi | $1,920 | $-240 (-11%) |
| Franklin, IN | 11.7 mi | $1,940 | $-220 (-10%) |
| Indianapolis, IN | 12.5 mi | $2,143 | $-17 (-1%) |
| Speedway, IN | 15 mi | $1,920 | $-240 (-11%) |
| Plainfield, IN | 17.8 mi | $2,180 | +$20 (+1%) |
| Avon, IN | 20.8 mi | $2,530 | +$370 (+17%) |
| Lawrence, IN | 21.8 mi | $2,560 | +$400 (+19%) |
| Brownsburg, IN | 24 mi | $2,390 | +$230 (+11%) |
| Carmel, IN | 24.1 mi | $2,820 | +$660 (+31%) |
| McCordsville, IN | 25.6 mi | $2,560 | +$400 (+19%) |
| Shelbyville, IN | 26.2 mi | $1,920 | $-240 (-11%) |
| Zionsville, IN | 27.6 mi | $2,960 | +$800 (+37%) |
4+ Bedroom rent in Greenwood — common questions
How much is a 4+ bedroom apartment in Greenwood?
As of July 2026, the median 4+ bedroom apartment rent in Greenwood, Indiana is $2,160 per month. This is +34% higher than the citywide median of $1,609.
What income do you need to afford a 4+ bedroom in Greenwood?
Using the standard 30% rent-to-income rule, you would need an annual income of about $86,400 ($7,200/month gross), which works out to roughly $41.54/hour at a full-time job.
Is Greenwood expensive for a 4+ bedroom compared to the rest of the US?
Greenwood's 4+ bedroom median of $2,160 is +14% below the national 4+ bedroom median of $2,520. It ranks in the 35th percentile of US cities tracked.
How does Greenwood rank for 4+ bedroom rent in Indiana?
Among the 64 cities in Indiana with 4+ bedroom data, Greenwood ranks #52 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near Greenwood?
Yes — nearby cities with cheaper 4+ bedroom rents include Beech Grove ($1,920), Franklin ($1,940), Indianapolis ($2,143).