Cheap Apartments for Rent near Mount Summit, IN from $340 (31 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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Labor Center Lofts
$880 - $1,190

Total Monthly Price

Base Rent$880 - $1,190
Total Monthly Price$880 - $1,190
1 to 2 Bedroom Apartments Available Now

Labor Center Lofts

1125 S Walnut StMuncie, IN 47302
Eco-Friendly
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  • Utilities Included
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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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The Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303
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424 Lofts
1 to 2 Bedroom Apartments

424 Lofts

424 S Monroe StMuncie, IN 47305
Corporate Housing
  • 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 1-31, 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
The Haven4x44BR, 4BA$565
Muncie Varsity House3 Bed, 3 Bath Plus3BR, 3BA$569
Grand Avenue Commons1 Bed, 1 bath1BR, 1BA$729
Longfellow Plaza Affordable Senior CommunityStudioStudio, 1BA$790
Arrasmith ApartmentsArrasmith, in Downtown Muncie Live a Little More!1BR, 1BA$810
City View Townhomes2 Bedroom Townhome2BR, 1BA$838
6301 W Kilgore Ave1 Bed, 1 Bath1BR, 1BA$850
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR, 1BA$850

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

As of September 22, 2026 the best value apartment in the Mount Summit area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the Westacres neighborhood starting from $514. The second greatest value Mount Summit apartment is the 3 bedroom Townhouse Model at City View Townhomes in the School neighborhood starting at $1,100 with a $1.02 price per square foot. 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.
University Village4BD/2BA Furnished Premium4BR, 2BA$0.39
City View Townhomes3 bedroom Townhouse3BR, 1.5BA$1.02
Silvertree CommunitiesLinden Place3BR, 2BA$0.41
The Lofts at RobertsThe Liberty2BR, 1BA$0.42
Muncie Varsity House2 Bed, 2 Bath Renovated2BR, 2BA$0.67
Labor Center Lofts1BR/1.0BA1BR, 1BA$1.13
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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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!

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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 Longfellow Plaza Affordable Senior Community listed at $790.

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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.