Cheap Apartments for Rent in Muncie, IN from $300 (24 Rentals)

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

property at 906 W Main St

$599 - $995

1 To 2 Bedroom Rentals

Available Now

906 W Main St

MuncieIN47305
property at 626 W Main St

$650 - $900

1 To 3 Bedroom Rentals

Available Now

626 W Main St

MuncieIN47305

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.

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.

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Sunreach Apartments
3 Bedroom Apartments

Sunreach Apartments

1801-1821 W Royale DrMuncie, IN 47304
Student Housing
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2213 E Memorial Dr
2 Bedroom Apartments

2213 E Memorial Dr

2213 E Memorial DrMuncie, IN 47302
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District on Bethel
1 Bedroom Apartments

District on Bethel

1204-1206 W Bethel AveMuncie, IN 47303
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The District on Linden
Studio to 2 Bedroom Apartments

The District on Linden

920 N Linden StMuncie, IN 47303
Student Housing
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Stadium View Apartments
1 to 4 Bedroom Apartments

Stadium View Apartments

1024 W Bethel AveMuncie, IN 47303
Student Housing
  • Utilities Included
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District on Oakwood
Studio to 2 Bedroom Apartments

District on Oakwood

2000 N Oakwood AveMuncie, IN 47304
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Beacon Hill
1 to 4 Bedroom Apartments

Beacon Hill

816 N New York AveMuncie, IN 47303
Student Housing
  • Utilities Included
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The Cedars
1 Bedroom Apartments

The Cedars

1010 W Bethel RdMuncie, IN 47303
Student Housing

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.

Muncie, IN Local Guide

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Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 01/21/2026

Current apartment rentals in the Muncie, IN area range in price from $350 to $1,871 with an overall median price of $1,400. The three Muncie neighborhoods with the lowest median rent pricing are Downtown Muncie at $595, North Muncie at $350, and School at $595. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Muncie Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Muncie$1,400$59556
North Muncie$1,400$350205
School$1,400$59533
South Muncie$1,400$55064
Westacres$1,400$350134

Cheapest Available Muncie Apartments for Rent

 

The cheapest available apartment rental in Muncie, IN is a 4 Beds unit found at The Haven in the Westacres neighborhood priced from $540. Yugo Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $569. Here is today’s list of the most affordable Muncie apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Haven4x44BR,4BA$540
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$569
ApplegateStudioStudio,1BA$644
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
Arrasmith Apartments1BR/1.0BA1BR,1BA$750

Best Value Apartments for Rent in Muncie, IN

As of January 21, 2026 the best value apartment in the Muncie area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value Muncie apartment is the Near The Village With a Balcony Model at District on Wayne starting at $1,300 with a $1.18 price per square foot in the School neighborhood. Here is today’s list of the best values for Muncie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
District on WayneNear The Village With a Balcony3BR,2BA$1.18
Delaware AcresIntuition3BR,2BA$1.02
Silvertree CommunitiesEverbrook Townhomes2BR,1.5BA$0.70
The Latitude Apartments2x2 Upgrade2BR,2BA$1.15
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
Arrasmith Apartments1BR/1.0BA1BR,1BA$0.90
424 Lofts1 bedroom1BR,1BA$1.09
Freedom Acres MHCBlazer Extreme2BR,1BA$1.08
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$1.12

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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The 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.

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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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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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Muncie Overview

If you are looking for a great city with a healthy job market, then look no further than Muncie, IN. Muncie, IN is one of the jewels of the Midwest. It is the seat of Delaware County in IN. It is located in the center of IN, about 50 miles from Indianapolis. There are lots of people who are looking for apartments in Muncie, IN. If you are looking for Muncie apartments, then take a few minutes to learn a bit more about this gorgeous city!

Why live in Muncie, IN?

There are several reasons why people are choosing to live in Muncie, IN. First, it has a relatively low cost of living. A dollar goes a long way here. Second, this is a great place to raise kids, making it ideal for parents. Finally, Muncie, IN also has weather that rotates regularly. Those who live in Muncie, IN will get to enjoy all four seasons.

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

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Frequently Asked Questions about Cheap Muncie Apartments

What is a cheap apartment in Muncie?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Muncie is under $850.

What is the price of a cheap apartment in Muncie?

The cheapest apartment in Muncie is Wilson School Apartments which is listed at $725, while the average apartment in Muncie costs $1,400.

What types of apartments are the cheapest in Muncie?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 184 regular apartments in Muncie that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Muncie?

Cheap apartments in Muncie have an average cost of $506 which is $894 cheaper than the average rent for all rentals in Muncie.

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 Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!