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City Report · SC

Greenwood

Pop. 22,536·64th most expensive in South Carolina·Greenwood rents are up 20.6% over the past year
Median rent (all units)
$1,226/mo
Year-over-Year
+20.6%
Month-over-Month
+2.8%
vs US Median
-$736
Rising (Monthly)
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Most AffordableMost Expensive
Greenwood · $1,226
More affordable than 91% of US cities · National median $1,962/mo
Affordability
36% of income
MODERATE
0%30% benchmark60%+

At $1,226/mo, rent takes about 36% of the local median household income, slightly above the 30% benchmark.

Income to afford
$49,000/yr
Local median income
$41,150/yr
Based on the 30%-of-income rule using Greenwood's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$785
1 BR
$785
2 BR
$985
3 BR
$1,200
4 BR+
$1,340
Fair Market Rent (HUD)
$985/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,226 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$14,712/yr
At $1,226/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 20.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+20.6% YoY, +2.8% MoM), not inventory.
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Demographics

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.

Population
22,536
Median income
$41,150
Median age
34.3
Renters
56.6%
Age distribution
23%
27.5%
22.5%
16.2%
Under 1823%
18–3427.5%
35–5422.5%
55–6410.8%
65+16.2%
Gender
46.1%
53.9%
Male46.1%
Female53.9%
Race & ethnicity
42.1%
50%
White42.1%
Black50%
Hispanic10.9%
Asian1.2%
Education (25+)
20.2%
38.5%
23.7%
17.6%
No HS diploma20.2%
HS diploma38.5%
Some college23.7%
Bachelor's+17.6%
Housing tenure
43.4%
56.6%
Owner43.4%
Renter56.6%

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

2021 vs 2026

How Greenwood, SC has changed in 5 years

Income
$35,378 → $41,150
up 16.3%
Population
22,363 → 22,536
up 0.8%
Renter share
56.1% → 56.6%
+0.5 pts
Bachelor's+
20.6% → 17.6%
-3.0 pts

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%.

Community

Discussions about Greenwood

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View Greenwood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Greenwood on your salary?

At $1,226/mo, how Greenwood rent compares to typical pay (30% rule).

By apartment size

Greenwood rent by bedroom count

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

Local insights

Tips for renters in Greenwood

About renting in Greenwood, SC

Last updated: August 17, 2026

The median rent in Greenwood is $1,226/mo as of August 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 36% of local median household income ($41,150/yr), Greenwood ranks as moderate compared to the national benchmark of 30%. Rents have increased 20.6% over the past year.

FAQ

Frequently asked questions

Is Greenwood an affordable city for renters?

Greenwood is considered moderate for renters. At $1,226/mo, rent takes approximately 36% of the local median household income ($41,150/yr). The standard benchmark is 30%. Greenwood slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Greenwood?

To keep rent at or below 30% of gross income, you would need to earn at least $49,000/year (~$24/hour full-time) to afford the median rent of $1,226/mo in Greenwood. The local median household income is $41,150/yr, meaning the typical Greenwood household falls short of that threshold.

Is rent going up or down in Greenwood?

Rent in Greenwood has increased 20.6% over the past year as of August 2026, putting upward pressure on renter budgets.

Which Greenwood neighborhoods have the lowest rent?

The most affordable ZIP codes in Greenwood are 29646 ($887/mo), and 29649 ($1,363/mo). Citywide, the median rent in Greenwood is $1,226/mo.

How does Greenwood rent compare to other cities in South Carolina?

Greenwood is one of the more affordable cities in South Carolina for rent, ranking #64 out of 67 tracked cities at $1,226/mo.

What percentage of Greenwood residents rent vs. own?

According to Census data, approximately 56.6% of Greenwood households are renters, while 43.4% are owner-occupied. With a majority renter population, Greenwood has a strong rental market.

How does Greenwood rent compare to the national average?

Greenwood's median rent of $1,226/mo is $736 (38%) below the US national median of $1,962/mo. Within South Carolina, it ranks #64 out of 67 tracked cities.
Income Affordability
36%
MODERATE

At $1,226/mo, rent takes ~36% of Greenwood's median household income ($41,150/yr). The standard benchmark is 30%.

Greenwood 36%Benchmark 30%
State income tax3–6.2%
Run the Greenwood affordability calculator →
Lowest-rent ZIP codes in Greenwood
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Greenwood, SC

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