Greenwood renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Greenwood is about $1,229 per month. This puts it in the 31st percentile compared to the city average cost of rent, which is $1,190. Households in Greenwood have a median income of $6,165 per month so the average renter in Greenwood is spending roughly 20% of their earnings on housing.
Nationally, and in Greenwood, home values are the data point most closely correlated with the cost of rent. The median price of a home in Greenwood is $221,250 right now, which is higher than nearby neighborhoods, meaning that rents in Greenwood also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the eastern parts of Greenwood while lower rent rates are often available in southern areas.
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