
Cheap Apartments for Rent in Muncie, IN from $340 (94 Rentals)
Search the lowest-cost Apartments available for rent right now in Muncie.


805 W Main St

706 E Jackson St

100 S College Ave

The Haven

915 W Powers St

2 W Main St

3 W Main St

219 W Memorial Dr

501 W Adams St
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.

Total Monthly Price
820 W Howard St

River Landing Apartments

7697 St Rd

1400 E 5th St

Total Monthly Price
1433 E Main St, Unit Apt 1

1945 W 11th St

1516 1/2 W Jackson St

826 1/2 W Main St

1207 S Blaine St

1205 S Blaine St
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.

808 W Beechwood Ave

614 E Streeter Ave

1607 W Jackson St

1503 W 16th St

812 N Mulberry St

2418 E Memorial Dr

1424 S Meeker Ave

517-519-519 Wheeling Ave

1924 W Jackson St

2209 E 9th St
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.

1519 E Washington St

305 S Manning Ave

1921-1923 S Hackley St

Flats at West End

2602 W Ethel Ave

9021 W Jackson St

904 W Main St

815 W University Ave

5600 W Kilgore Ave

Arrasmith Apartments
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.

3120 S Monroe St

203 S Keystone Cir

Woods Edge

City View Townhomes

824 W University Ave

502 1/2-502 1/2 S Mound St

511 W Charles St

Forest Oaks Apartments

6301 W Kilgore Ave

216 S Dill St
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.
Muncie, IN Local Guide

How much does it cost to rent an apartment in Muncie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Muncie Studio Apartments | $1,016 | $665 | $1,175 |
| Cheap Muncie 1 Bedroom Apartments | $961 | $352 | $1,800 |
| Cheap Muncie 2 Bedroom Apartments | $1,201 | $709 | $1,875 |
| Cheap Muncie 3 Bedroom Apartments | $933 | $340 | $1,875 |
| Cheap Muncie 4 Bedroom Apartments | $1,092 | $449 | $1,925 |
Browse Top Apartments in Muncie
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Muncie, IN Local Guide

- Muncie Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Muncie, IN
Pricing Updated: 09/06/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| School | $852 | $352 | 54 |
| Downtown Muncie | $870 | $352 | 140 |
| North Muncie | $999 | $340 | 273 |
| South Muncie | $1,039 | $352 | 221 |
| Westacres | $1,039 | $340 | 191 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Lofts at Roberts | The Liberty | 2BR,1BA | $416 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| Muncie Varsity House | 3 Bed, 3 Bath Plus | 3BR,3BA | $569 |
| Cole Street Apts: Close to Campus | 1 Bed Fully Renovated | 1BR,1BA | $720 |
| 916 W Jackson St | 1/1 | 1BR,1BA | $720 |
| 2824 E Memorial Dr | 2BR/1.0BA | 2BR,1BA | $725 |
| 316 S Monroe St | 1BR/1.0BA | 1BR,1BA | $775 |
| Wilson School Apartments | 1 Bed 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 218 E 8th St | 3 Beds, 1 Baths | 3BR,1BA | $0.78 |
| University Village | 2BD + Den/2BA Unfurnished Premium | 2BR,2BA | $0.60 |
| City View Townhomes | 3 bedroom Townhouse | 3BR,1.5BA | $1.02 |
| Silvertree Communities | Linden Place | 3BR,2BA | $0.41 |
| The Lofts at Roberts | The Liberty | 2BR,1BA | $0.42 |
| The Latitude Apartments | 2x2 Upgrade | 2BR,2BA | $1.17 |
| Fox Brook Apartments | 2x1 R | 2BR,1BA | $1.21 |
| Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.67 |
| Labor Center Lofts | 1BR/1.0BA | 1BR,1BA | $1.13 |
| *Newly Renovated* Premium Style 2-4 BD Apartment Home | 2 Beds, 1 bath | 2BR,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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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.
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, INPopulation: 68,529
Ranked #528
in US Census Population by City
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
See the most popular apartments and homes in Muncie, IN
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

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.

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.

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.

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.