Cheap Apartments for Rent in Muncie, IN from $340 (94 Rentals)

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

property at 706 E Jackson St
$550 - $875
1 To 2 Bedroom Rentals
Available Now
Affordability

706 E Jackson St

MuncieIN47305
property at 100 S College Ave
$550 - $675
1 To 2 Bedroom Rentals
Available Now
Affordability

100 S College Ave

MuncieIN47303

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820 W Howard St
$650

Total Monthly Price

Base Rent$650

Total Monthly Price$650
1 Bedroom Apartment Available Now

820 W Howard St

820 W Howard StMuncie, IN 47305
Affordability
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property at 1945 W 11th St
$675
1 Bedroom Rentals
Available Now
Affordability

1945 W 11th St

MuncieIN47302

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property at 216 S Dill St
$850
2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

216 S Dill St

MuncieIN47303

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Muncie, IN Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 09/06/2026

Current apartment rentals in the Muncie, IN area range in price from $340 to $2,000 with an overall median price of $988. The three Muncie neighborhoods with the lowest median rent pricing are School at $852, Downtown Muncie at $870, and North Muncie at $999. 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$852$35254
Downtown Muncie$870$352140
North Muncie$999$340273
South Muncie$1,039$352221
Westacres$1,039$340191

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
Cole Street Apts: Close to Campus1 Bed Fully Renovated1BR,1BA$720
916 W Jackson St1/11BR,1BA$720
2824 E Memorial Dr2BR/1.0BA2BR,1BA$725
316 S Monroe St1BR/1.0BA1BR,1BA$775
Wilson School Apartments1 Bed 1 Bath1BR,1BA$799

Best Value Apartments for Rent in Muncie, IN

As of September 06, 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 2BD + Den/2BA Unfurnished Premium Model at University Village starting at $779 with a $0.60 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
University Village2BD + Den/2BA Unfurnished Premium2BR,2BA$0.60
City View Townhomes3 bedroom Townhouse3BR,1.5BA$1.02
Silvertree CommunitiesLinden Place3BR,2BA$0.41
The Lofts at RobertsThe Liberty2BR,1BA$0.42
The Latitude Apartments2x2 Upgrade2BR,2BA$1.17
Fox Brook Apartments2x1 R2BR,1BA$1.21
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
Labor Center Lofts1BR/1.0BA1BR,1BA$1.13
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94

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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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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.

Muncie, IN
Population: 68,529

Ranked #528

in US Census Population by City

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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 $799.

What is the price of a cheap apartment in Muncie?

The cheapest apartment in Muncie is Cole Street Apts: Close to Campus which is listed at $720, while the average apartment in Muncie costs $988.

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 523 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 $649 which is $339 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

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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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.