
Cheap Homes for Rent in Muncie, IL from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Muncie.


28 S Virginia Ave

115 State St N
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.

510 W Townsend St

1018 Giddings St

1207 Cleveland Ave
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.
Muncie, IL Local Guide

How much does it cost to rent a home in Muncie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Muncie 2 Bedroom Homes for Rent | $742 | $500 | $1,200 |
| Muncie 3 Bedroom Homes for Rent | $918 | $625 | $1,700 |
| Muncie 4 Bedroom Homes for Rent | $895 | $895 | $895 |
Browse Top Homes for Rent in Muncie
Explore Muncie
Muncie, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Muncie Apartments for Rent and Nearby
 The cheapest available apartment rental in Muncie, IL is a Studio unit found at Brookhaven priced from $525. Brunswick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Muncie apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Brookhaven | Studio | Studio,1BA | $525 |
| Brunswick Apartments | Studio | Studio,1BA | $625 |
| Golfview Village | The Gilmore | 2BR,1BA | $740 |
Best Value Apartments for Rent in Muncie, IL and Nearby
As of November 03, 2025 the best value apartment in the Muncie area is the $1.07 price per square foot 2 Bedroom/2.5 bath Model at 200 Vine St in the starting from $1,675. The second greatest value Muncie apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 price per square foot . Here is today’s list of the best values for Muncie apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 200 Vine St | 2 Bedroom/2.5 bath | 2BR,2BA | $1.07 |
| Devonshire Village | 2 Bed 2 Bath Private Entry | 2BR,2BA | $1.21 |
| Eastland Apartments | 2 Bedroom | 2BR,2BA | $1.19 |
| Campus Oaks | Floorplan A - Price per person | 4BR,2BA | $0.65 |
| Golfview Village | The Gilmore | 2BR,1.5BA | $0.74 |
| Parkside | 2 Bedroom 1 Bath 850 Premium Upgrade | 2BR,1BA | $1.42 |
| University Park | One Bedroom | 1BR,1BA | $1.14 |
| The Grove | 2BR | 2BR,1BA | $1.30 |
| Townway Place | 1 Beds, 1 Baths | 1BR,1BA | $1.42 |
| The Atrium | Single (shared common area) | 1BR,1BA | $1.33 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Muncie, IL Rentals by Map
See the most popular apartments and homes in Muncie, IL
Frequently Asked Questions about Muncie
What type of rentals are currently available in Muncie?
There are currently 41 Apartments for Rent in Muncie, IL with pricing that ranges from $518 to $2,115. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $500 to $1,700.
What is the current price range for Rental Homes in Muncie?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Muncie ranges from $500 to $1,700 with an average monthly rent of $851.
How much are larger Three and Four Bedroom Rentals in Muncie?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Muncie range from $820 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $625 to $1,700. Four Bedroom Single-Family rentals are also available starting from $895 and Four Bedroom Apartments start at $999.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.