Cheap Apartments for Rent in Muncie, IN from $300 (86 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 906 W Main St

$665 - $995

1 To 2 Bedroom Rentals

Available Now

906 W Main St

MuncieIN47305

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.

Read Article
property at 1008 W 1st St

$725 - $750

1 To 2 Bedroom Rentals

Available Now

1008 W 1st St

MuncieIN47305
property at 1610 E Princeton Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

1610 E Princeton Ave

MuncieIN47303

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.

Read Article

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.

Read Article
property at 111 S Vine St

$850 - $1,050

1 To 2 Bedroom Rentals

Available Now

111 S Vine St

MuncieIN47305
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

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.

Read Article
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
close
View Me
Sunreach Apartments
3 Bedroom Apartments

Sunreach Apartments

1801-1821 W Royale DrMuncie, IN 47304
Student Housing
  • Utilities Included
close
View Me
2213 E Memorial Dr
2 Bedroom Apartments

2213 E Memorial Dr

2213 E Memorial DrMuncie, IN 47302
  • Utilities Included
close
View Me
District on Bethel
1 Bedroom Apartments

District on Bethel

1204-1206 W Bethel AveMuncie, IN 47303
  • Utilities Included
close
View Me
The District on Linden
Studio to 2 Bedroom Apartments

The District on Linden

920 N Linden StMuncie, IN 47303
Student Housing

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Read Article
Showing Results 1-50, Page 1 of 2

Muncie, IN Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 04/23/2026

Current apartment rentals in the Muncie, IN area range in price from $305 to $1,800 with an overall median price of $1,094. The three Muncie neighborhoods with the lowest median rent pricing are School at $525, North Muncie at $305, and Westacres at $305. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Muncie Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
School$1,000$52540
North Muncie$1,040$305261
Westacres$1,040$305200
Downtown Muncie$1,196$525163
South Muncie$1,196$525172

Cheapest Available Muncie Apartments for Rent

 

The cheapest available apartment rental in Muncie, IN is a 4 Beds unit found at University Village in the Westacres neighborhood priced from $514. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here is today’s list of the most affordable Muncie apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Village4BD/2BA Furnished Premium4BR,2BA$514
The Haven4x44BR,4BA$565
Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$599
ApplegateStudio Open - 288 sqftStudio,1BA$629
Flats at West End1BR/1.0BA1BR,1BA$675
Kensington Apartments1/1 A1BR,1BA$699
The Alan1A 50%1BR,1BA$712
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
Chesterfield Apartments3/1 800sf3BR,1BA$825
Freedom Acres MHCBlazer Extreme2BR,1BA$829

Best Value Apartments for Rent in Muncie, IN

As of April 24, 2026 the best value apartment in the Muncie area is the $0.43 price per square foot 812 W Main St Model at 812 W Main St, Unit #2 in the in the School neighborhood starting from $850. The second greatest value Muncie apartment is the 4BD/2BA Furnished Premium Model at University Village starting at $514 with a $0.39 price per square foot in the Westacres 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.
812 W Main St, Unit #2812 W Main St1BR,1BA$0.43
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
Delaware AcresRA 16723BR,2BA$1.00
District on WayneNear The Village With a Balcony3BR,2BA$1.09
District on Bethel3 Bed 2 Bath - South Tower Vaulted Ceiling3BR,2BA$1.18
Silvertree CommunitiesEverbrook Townhomes2BR,1.5BA$0.70
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
Chesterfield Apartments3/1 800sf3BR,1BA$1.03
Freedom Acres MHCBlazer Extreme2BR,1BA$1.08
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$1.12

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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.

Muncie, IN
Population: 68,529

Ranked #528

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

Best Local Schools in
Muncie, IN

School data provided by Great Schools

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

Explore Muncie, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Muncie, IN

View Map
Muncie, IN Apartments Map
View Map
Muncie, IN Rental Homes Map

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 $829.

What is the price of a cheap apartment in Muncie?

The cheapest apartment in Muncie is Flats at West End which is listed at $675, while the average apartment in Muncie costs $1,094.

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 543 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 $540 which is $554 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 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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.