Cambridge Square Greenwood

Overview

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Cambridge Square Greenwood is an affordable apartment community located in Greenwood, Indiana. The community caters to individuals and families, offering a range of floor plans from 1 to 3 bedrooms. Designed to provide comfortable and convenient living, the apartments boast spacious interiors and modern amenities to meet the needs of diverse residents.

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The community is particularly accommodating for persons 62 years of age and older, with many features tailored to this demographic. Cambridge Square Greenwood is a federally subsidized housing community, providing options for those seeking economical living solutions without compromising on quality or comfort. Prospective residents can choose from several unit sizes, ranging from 624 to 1,000 square feet, ensuring a fit for various lifestyle requirements.

Residents can enjoy a well-maintained environment featuring lush greenery and common areas that foster a sense of community. The apartments are situated within easy reach of local amenities, making it convenient for everyday activities and leisure. This ideal location, combined with thoughtful design and ample facilities, makes Cambridge Square Greenwood a desirable living option.

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Amenities and Features

1 to 3-bedroom floor plans
Affordable housing options
Units ranging from 624 to 1,000 sq. ft.
Federally subsidized community
Amenities tailored for seniors (62+)
Spacious interiors
Modern appliances
Community spaces

Sources

Cambridge Square Greenwood Location

Address: 1160 Southbridge Dr, Greenwood, IN 46142

Phone: 317-882-1511

Website: https://www.cambridgesquaregreenwood.com/

Nearby Senior Apartments Facilities in Greenwood

More Senior Apartments Listings in Greenwood, IN

About Greenwood, Indiana

Greenwood, a city located in the state of Indiana (IN), is home to a population of approximately 63,579 people. Greenwood boasts a median age of 36.2, with around 20.5% of its residents aged 60 or above. 7.6% of the population identifies as US Veterans. 10.4% of Greenwood residents are disabled. The city has an average household income of $75,398, while the unemployment rate stands at 3.2%, and around 6.9% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Greenwood is $226,550, with a monthly rent averaging $1,200.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.