Cheap Homes for Rent in Delaware County, IN from $500 (44 Rentals)

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

property at 2007 S Manhattan Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available May 18

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.

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.

property at 1001 W 1st St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1001 W 1st St

MuncieIN47305
property at 1804 S Wall Ave

$899

Total Monthly Price

Total Monthly Price

Base Rent
$899

Total Monthly Price
$899

2 Bedroom, 1 Bath Home for Rent

Available Now

1804 S Wall Ave

MuncieIN47302

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.

property at 2119 S Walnut St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

4 Bedroom, 1.5 Bath Home for Rent

Available Jun 1

2119 S Walnut St

MuncieIN47302
property at 2322 S Mulberry St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

2322 S Mulberry St

MuncieIN47302

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 417 S Council St

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

3 Bedroom, 1 Bath Home for Rent

Available Now

417 S Council St

MuncieIN47305
property at 8110 S Edwards Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

8110 S Edwards Ave

DalevilleIN47334

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 1802 E Willard St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

3 Bedroom, 2.5 Bath Home for Rent

Available Now

1802 E Willard St

MuncieIN47302

Cheapest Available Delaware County Apartments for Rent

 

The cheapest available apartment rental in Delaware County, IN is a 4 Beds unit found at University Village in the Westacres neighborhood priced from $514. Flats at West End in the School neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Delaware County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Village4BD/2BA Furnished Premium4BR,2BA$514
Flats at West End0BR/1.0BAStudio,1BA$550
The Haven4x44BR,4BA$565
Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$599
ApplegateStudio Open - 288 sqftStudio,1BA$610
The Alan1A 50%1BR,1BA$712
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
Chesterfield Apartments3/1 800sf3BR,1BA$825

Best Value Apartments for Rent in Delaware County, IN

As of May 10, 2026 the best value apartment in the Delaware County area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $514. 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/2BA Furnished Premium4BR,2BA$0.39
Freedom Acres MHCPulse 76163BR,2BA$0.94
Delaware AcresRedman Foundation3BR,2BA$0.97
District on WayneNear The Village With a Balcony3BR,2BA$1.09
Silvertree CommunitiesEverbrook Townhomes2BR,1.5BA$0.70
The Latitude Apartments2x2 Classic2BR,2BA$1.09
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
Chesterfield Apartments3/1 800sf3BR,1BA$1.03
Eaton Residence*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$1.11
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 229 Apartments for Rent in Delaware County, IN with pricing that ranges from $305 to $1,800. There are also 132 Single Family Homes for rent, Condos, and Townhome rentals currently available in Delaware County ranging from $599 to $4,000.

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 $599 to $4,000 with an average monthly rent of $1,593.

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 $1,438, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,200. 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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.