Cheap Homes for Rent in Delaware County, IN from $500 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in Delaware County.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Cheapest Available Delaware County Apartments for Rent

 

The cheapest available apartment rental in Delaware County, IN is a 4 Beds unit found at The Haven in the Westacres neighborhood priced from $565. Flats at West End in the School neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable Delaware County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Haven4x44BR,4BA$565
Flats at West EndLuxury You Can Afford: Renovated 1BR Downtown |...1BR,1BA$690
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
None2 Beds, 1 Baths2BR,1BA$795
The Alan2B 50%2BR,1BA$849

Best Value Apartments for Rent in Delaware County, IN

As of June 25, 2026 the best value apartment in the Delaware County area is the $0.37 price per square foot 4BD/4BA Unfurnished Premium Model at University Village in the in the Westacres neighborhood starting from $489. The second greatest value Delaware County apartment is the Pulse 7616 Model at Freedom Acres MHC starting at $1,139 with a $0.94 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Delaware County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village4BD/4BA Unfurnished Premium4BR,4BA$0.37
Freedom Acres MHCPulse 76163BR,2BA$0.94
District on WayneNear The Village With a Balcony3BR,2BA$1.09
ApplegateTwo Bedroom 1 Bath2BR,1BA$1.09
3003 S Hackley St3003 S Hackley St1BR,1BA$1.12
424 Lofts1 bedroom1BR,1BA$1.09
Silvertree CommunitiesSilvertree 2bd2BR,1BA$0.70
715 E Race St*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$1.11
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$1.12

Frequently Asked Questions about Delaware County

What type of rentals are currently available in Delaware County?

There are currently 224 Apartments for Rent in Delaware County, IN with pricing that ranges from $305 to $1,800. There are also 122 Single Family Homes for rent, Condos, and Townhome rentals currently available in Delaware County ranging from $525 to $2,500.

What is the current price range for Rental Homes in Delaware County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Delaware County ranges from $525 to $2,500 with an average monthly rent of $1,480.

How much are larger Three and Four Bedroom Rentals in Delaware County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Delaware County range from $305 to $1,460, while Three Bedroom Homes, Condos, and Townhomes for rent range from $770 to $2,300. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $449.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.