Cheap Apartments for Rent in Muncie, IN from $300 (84 Rentals)

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

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 906 W Main St

$665 - $995

1 To 2 Bedroom Rentals

Available Now

906 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.

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property at 2007 S Manhattan Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

2007 S Manhattan Ave

MuncieIN47302

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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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
  • Utilities Included
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2213 E Memorial Dr
2 Bedroom Apartments

2213 E Memorial Dr

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

District on Bethel

1204-1206 W Bethel AveMuncie, IN 47303
  • Utilities Included

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.

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Muncie, IN Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 06/08/2026

Current apartment rentals in the Muncie, IN area range in price from $599 to $2,800 with an overall median price of $2,496. The three Muncie neighborhoods with the lowest median rent pricing are Downtown Muncie at $599, North Muncie at $599, and South Muncie at $599. 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$2,490$59957
North Muncie$2,490$59980
South Muncie$2,490$59974
Westacres$2,490$85017
School$2,520$59938

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. Flats at West End in the School neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $550. 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
Flats at West End0BR/1.0BAStudio,1BA$550
The Haven4x44BR,4BA$565
Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$599
ApplegateStudio Open - 288 sqftStudio,1BA$600
The Alan1A 50%1BR,1BA$712
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
None2 Beds, 1 Baths2BR,1BA$795

Best Value Apartments for Rent in Muncie, IN

As of June 08, 2026 the best value apartment in the Muncie area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $514. 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.
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
Freedom Acres MHCPulse 76163BR,2BA$0.94
District on WayneNear The Village With a Balcony3BR,2BA$1.09
District on Bethel3 Bed 2 Bath - South Tower3BR,2BA$1.16
The Latitude Apartments2x2 Classic2BR,2BA$1.09
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
3003 S Hackley St3003 S Hackley St1BR,1BA$1.12
424 Lofts1 bedroom1BR,1BA$1.09
Silvertree CommunitiesSilvertree 2bd2BR,1BA$0.70
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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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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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.

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!

Explore Muncie, IN Rentals by Map

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See the most popular apartments and homes in Muncie, IN

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Frequently Asked Questions about Cheap Muncie Apartments

What is the Cheapest Studio apartment in Muncie?

Currently the most affordable Cheap Studio Apartment in Muncie is at Flats at West End listed at $550.

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

The lowest price for a Cheap One Bedroom Muncie Apartment is $690 at Flats at West End.

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 $720 at The Haven.

What is the most affordable Muncie Three Bedroom Apartment?

The best deal on a cheap Muncie Three Bedroom Apartment rental is at The Haven and starts from $575.

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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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.