Cheap Apartments for Rent in Muncie, IN from $300 (89 Rentals)

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

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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820 W Howard St
$700
Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700
1 Bedroom Apartment Available Now

820 W Howard St

820 W Howard StMuncie, IN 47305
Affordability
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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 3110 S Pershing Dr

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

3110 S Pershing Dr

MuncieIN47302

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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property at 2119 S Walnut St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

4 Bedroom, 1.5 Bath Home for Rent

Available Now

2119 S Walnut St

MuncieIN47302
property at 417 S Council St

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850

3 Bedroom, 1 Bath Home for Rent

Available Now

417 S Council 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.

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Muncie, IN Local Guide

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Written By:
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Local Guide Expert

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 07/23/2026

Current apartment rentals in the Muncie, IN area range in price from $405 to $2,500 with an overall median price of $2,370. The three Muncie neighborhoods with the lowest median rent pricing are Downtown Muncie at $405, North Muncie at $405, and School at $405. 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$2,370$40557
North Muncie$2,370$40573
School$2,370$40533
South Muncie$2,370$40571
Westacres$2,370$72522

Cheapest Available Muncie Apartments for Rent

 

The cheapest available apartment rental in Muncie, IN is a 2 Beds unit found at The Lofts at Roberts in the School neighborhood priced from $416. 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
The Lofts at RobertsThe Liberty2BR,1BA$416
The Haven4x44BR,4BA$565
Muncie Varsity House3 Bed, 3 Bath Plus3BR,3BA$569
Labor Center Lofts1BR/1.0BA1BR,1BA$660
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
916 W Jackson St1/11BR,1BA$750
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850

Best Value Apartments for Rent in Muncie, IN

As of July 23, 2026 the best value apartment in the Muncie area is the $0.78 price per square foot 3 Beds, 1 Baths Model at 218 E 8th St in the in the School neighborhood starting from $1,200. The second greatest value Muncie apartment is the Pulse 7616 Model at Freedom Acres MHC starting at $1,139 with a $0.94 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.
218 E 8th St3 Beds, 1 Baths3BR,1BA$0.78
Freedom Acres MHCPulse 76163BR,2BA$0.94
Labor Center Lofts2BR/1.0BA2BR,1BA$0.88
District on WayneNear The Village With a Balcony3BR,2BA$1.09
Delaware AcresHarborview 663BR,2BA$0.99
220 N McKinley Ave, Unit 220 N. McKinley Ave. Muncie, IN 47303220 N McKinley Ave2BR,1BA$0.90
The Lofts at RobertsThe Liberty2BR,1BA$0.42
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
Silvertree CommunitiesSilvertree 2bd2BR,1BA$0.70
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94

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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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

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Best Local Schools in
Muncie, IN

School data provided by Great Schools

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

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Frequently Asked Questions about Cheap Muncie Apartments

How much is rent for a Cheap One Bedroom Muncie Apartment?

The lowest price for a Cheap One Bedroom Muncie Apartment is $660 at Labor Center Lofts.

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

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

What is the most affordable Muncie Three Bedroom Apartment?

The best deal on a cheap Muncie 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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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.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.