Rentometer, Inc. | Data as of 10/23/2025
Greenwood, Arkansas, offers a charming blend of small‑town hospitality and convenient access to the natural beauty of the Arkansas River Valley. Historic downtown streets are lined with boutique shops, cozy cafes, and locally owned restaurants, while nearby parks such as Prairie Creek and Lake Wayne provide residents with ample outdoor recreation opportunities. The city’s close proximity to major highways makes commuting to neighboring employment centers effortless, and community events like RiverFest foster a strong sense of belonging for families and professionals alike.
The local rental market reflects Greenwood’s family‑friendly atmosphere, featuring a mix of spacious three‑bedroom houses and a limited selection of apartments. For renters seeking a full‑size home, rental rates for three‑bedroom houses typically fall in the $1400‑$1500 range, offering generous living space, private yards, and easy access to top‑rated schools and shopping districts. Apartment options, while fewer, provide modern amenities and convenient locations near downtown. Prospective tenants appreciate the balance of affordability and quality, as well as the city’s safe neighborhoods, well‑maintained streets, and close ties to local attractions. Greenwood’s rental landscape continues to attract renters looking for a welcoming community with diverse housing choices and a high quality of life.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| House | 3 Bedroom | $1,458 | $1,410 | $1,000 - $1,890 | $1,350 - $1,595 |
In the current period, the average rent in Greenwood was
$1,458 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.