At $1,115/mo, rent takes about 33% of the local median household income, slightly above the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,115 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent has fallen 2 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($41,150) is $1,029 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($985); a 3-bedroom is $1,200.
From Zillow's monthly rent index (ZORI) for Greenwood. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Greenwood, SC is majority renter-occupied, has a median income below the national average, 17.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Greenwood, SC has changed in 5 years
Median household income grew from $35,378 to $41,150 between 2021 and 2024, a 16.3% shift. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 20.6% to 17.6%.
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At $1,115/mo, how Greenwood rent compares to typical pay (30% rule).
Greenwood rent by bedroom count
Median rent for each apartment size in Greenwood. Click any size for full breakdown.
Tips for renters in Greenwood
Last updated: October 17, 2026
The median rent in Greenwood is $1,115/mo as of October 2026. A studio apartment averages $785/mo while a 2-bedroom runs $985/mo. One-bedroom apartments average $785/mo and 3-bedroom units go for $1,200/mo.
At 33% of local median household income ($41,150/yr), Greenwood ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
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How does Greenwood rent compare to other cities in South Carolina?
At $1,115/mo, rent takes ~33% of Greenwood's median household income ($41,150/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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