Cheap Apartments for Rent near Mount Summit, IN from $300 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in Mount Summit.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 2404 State St

$625

1 Bedroom Rentals

Available Now

2404 State St

New CastleIN47362
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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303
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Hoosier Woods
1 to 4 Bedroom Apartments

Hoosier Woods

3833 Hoosier Woods CtAnderson, IN 46013
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424 Lofts
1 to 2 Bedroom Apartments

424 Lofts

424 S Monroe StMuncie, IN 47305
Corporate Housing
  • Utilities Included
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Fox Brook Apartments
1 to 3 Bedroom Apartments

Fox Brook Apartments

4000 N Walnut StMuncie, IN 47303
  • Utilities Included

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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Showing Results 1-39, Page 1 of 1

Mount Summit, IN Local Guide

Cheapest Available Mount Summit Apartments for Rent and Nearby

 

The cheapest available apartment rental in Mount Summit, IN is a 1 Bed unit found at The Towers at Southdale Affordable Senior in the Anderson neighborhood priced from $250. The Lofts at Roberts in the School neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $416. Here is today’s list of the most affordable Mount Summit apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$250
The Lofts at RobertsThe Liberty2BR,1BA$416
Muncie Varsity House3 Bed, 3 Bath Plus3BR,3BA$569
Labor Center Lofts1BR/1.0BA1BR,1BA$680
Beckford PlaceStudioStudio,1BA$725
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$729
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850
Cedar Ridge TownhomesThe Hickory1BR,1BA$869

Best Value Apartments for Rent in Mount Summit, IN and Nearby

As of August 07, 2026 the best value apartment in the Mount Summit area is the $1.14 price per square foot 3x2 Renovated Model at The Latitude Apartments in the in the North Muncie neighborhood starting from $1,339. The second greatest value Mount Summit apartment is the Linden Place Model at Silvertree Communities starting at $850 with a $0.81 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Mount Summit apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Latitude Apartments3x2 Renovated3BR,2BA$1.14
Silvertree CommunitiesLinden Place3BR,2BA$0.81
The Lofts at RobertsThe Liberty2BR,1BA$0.42
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
Jamestown VillageB1 James Madison2BR,1BA$1.08
Labor Center Lofts1BR/1.0BA1BR,1BA$0.87
Hoosier Woods1X1 60%1BR,1BA$1.20
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94
Grand Avenue Commons1 Bed, 1 bath1BR,1BA$1.04
The Towers at Southdale Affordable Senior1 Bed/ 1 Bath1BR,1BA$0.45

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Mount Summit, IN Rentals by Map

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See the most popular apartments and homes in Mount Summit, IN

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Frequently Asked Questions about Cheap Mount Summit Apartments

What is the Cheapest Studio apartment in Mount Summit?

Currently the most affordable Cheap Studio Apartment in Mount Summit is at Beckford Place listed at $725.

How much is rent for a Cheap One Bedroom Mount Summit Apartment?

The lowest price for a Cheap One Bedroom Mount Summit Apartment is $250 at The Towers at Southdale Affordable Senior.

What is the lowest price for a Cheap Two Bedroom Mount Summit Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Mount Summit is starting from $416 at The Lofts at Roberts.

What is the most affordable Mount Summit Three Bedroom Apartment?

The best deal on a cheap Mount Summit Three Bedroom Apartment rental is at Muncie Varsity House and starts from $569.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.