Studio Apartment Rent in Greenwood, IN
Median asking rent for a studio apartment in Greenwood, Indiana as of July 2026. That's +37% lower than the citywide median of $1,609 and +21% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Greenwood
Compare Greenwood's median rent across every apartment size.
Cheapest cities for a studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Frankfort | $517 |
| 2 | Crawfordsville | $644 |
| 3 | Marion | $650 |
| 4 | East Chicago | $670 |
| 5 | Michigan City | $700 |
| 6 | Richmond | $710 |
| 7 | Delphi | $720 |
| 8 | Angola | $730 |
| 9 | New Castle | $730 |
| 10 | Muncie | $735 |
| 11 | Mishawaka | $740 |
| 12 | Logansport | $770 |
| 13 | South Bend | $775 |
| 14 | Kokomo | $780 |
| 15 | Evansville | $792 |
Most expensive cities for a studio in Indiana
| # | City | Studio rent |
|---|---|---|
| 1 | Zionsville | $1,390 |
| 2 | Whitestown | $1,330 |
| 3 | Carmel | $1,327 |
| 4 | McCordsville | $1,210 |
| 5 | Lawrence | $1,205 |
| 6 | Avon | $1,190 |
| 7 | Westfield | $1,180 |
| 8 | Fishers | $1,170 |
| 9 | Brownsburg | $1,120 |
| 10 | Sellersburg | $1,100 |
| 11 | Granger | $1,070 |
| 12 | Noblesville | $1,050 |
| 13 | Columbus | $1,045 |
| 14 | Munster | $1,040 |
| 15 | Plainfield | $1,030 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Greenwood.
| City | Distance | Studio rent | vs Greenwood |
|---|---|---|---|
| Beech Grove, IN | 8.3 mi | $890 | $-125 (-12%) |
| Franklin, IN | 11.7 mi | $920 | $-95 (-9%) |
| Indianapolis, IN | 12.5 mi | $1,003 | $-12 (-1%) |
| Speedway, IN | 15 mi | $890 | $-125 (-12%) |
| Plainfield, IN | 17.8 mi | $1,030 | +$15 (+1%) |
| Avon, IN | 20.8 mi | $1,190 | +$175 (+17%) |
| Lawrence, IN | 21.8 mi | $1,205 | +$190 (+19%) |
| Brownsburg, IN | 24 mi | $1,120 | +$105 (+10%) |
| Carmel, IN | 24.1 mi | $1,327 | +$312 (+31%) |
| McCordsville, IN | 25.6 mi | $1,210 | +$195 (+19%) |
| Shelbyville, IN | 26.2 mi | $890 | $-125 (-12%) |
| Zionsville, IN | 27.6 mi | $1,390 | +$375 (+37%) |
Studio rent in Greenwood — common questions
How much is a studio apartment in Greenwood?
As of July 2026, the median studio apartment rent in Greenwood, Indiana is $1,015 per month. This is +37% below the citywide median of $1,609.
What income do you need to afford a studio in Greenwood?
Using the standard 30% rent-to-income rule, you would need an annual income of about $40,600 ($3,383/month gross), which works out to roughly $19.52/hour at a full-time job.
Is Greenwood expensive for a studio compared to the rest of the US?
Greenwood's studio median of $1,015 is +21% below the national studio median of $1,290. It ranks in the 29th percentile of US cities tracked.
How does Greenwood rank for studio rent in Indiana?
Among the 63 cities in Indiana with studio data, Greenwood ranks #46 from cheapest to most expensive.
Are there cheaper studio options near Greenwood?
Yes — nearby cities with cheaper studio rents include Beech Grove ($890), Franklin ($920), Indianapolis ($1,003).