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Newest Homes for Rent in Greencastle, IN

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    Starting at $769 Per Month

    • Studio - 2 Beds

    327 S Bloomington St, Greencastle, IN 46135

    Discover affordable and comfortable living in the heart of Greencastle. Our community offers well-maintained homes with essential amenities in a friendly environment.

    Roban Apartments

    327 S Bloomington St, Greencastle, IN 46135
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    $1,200 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,190 Sq Ft
    • Townhouse for Rent

    601 E Washington St Unit 8, Greencastle, IN 46135

    Make yourself at home in this 2 bedroom, 1.5 bath rental! The main floor offers plenty of living space, fully equipped kitchen, half bath, and a patio door leading to your private fenced-in yard. Upstairs, you'll find your two bedrooms and a full bathroom. The basement offers lots of storage space and includes your washer and dryer. Tenant pays for electric and gas. No smoking and no pets.

    Breanna Hunsicker The Stewart Home Group

    601 E Washington St Unit 8, Greencastle, IN 46135
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    $950 Per Month

    • 1 Bed
    • 1 Bath
    • 5,632 Sq Ft
    • House for Rent

    721 E Seminary St, Greencastle, IN 46135

    All utilities are included. Newly remodeled single unit is available with one bed, one bath on main level. No laundry. Shaded garage space in the back of the building.

    Ben Li Mid America Realty

    721 E Seminary St, Greencastle, IN 46135
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    $995 Per Month

    • 1 Bed
    • 1 Bath
    • Property for Rent

    1216 S Bloomington St Unit 10B, Greencastle, IN 46135

    Enjoy life in a tranquil setting at Greencastle Acres, an exceptional place to live. Right now, we are offering a 1990 model year, 0 sq. ft., 1 bed/1 bath home for less than the average apartment rent! Call us today to schedule a viewing and get a glimpse of what it's like to live exceptionally.

    Rob Mathis Greencastle Acres

    1216 S Bloomington St Unit 10B, Greencastle, IN 46135

Frequently Asked Questions

How much does it cost to rent a home in Greencastle, IN?
The median rent for a home in Greencastle, IN is $995 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Greencastle, IN?
To comfortably afford the median rent in Greencastle, IN, a household needs to earn roughly $39,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $995 per month in Greencastle, IN, renters typically need to show $2,985 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Greencastle, IN?
In Greencastle, IN, the price-to-rent ratio is 18.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$995
Median Single Family Home Rent
$1,200
Median Townhouse Rent
$1,200
Median Condo Rent
$900
How to Rent a Home