Cheap Homes for Rent in Muncie, IN from $405 (14 Rentals)

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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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Muncie, IN Local Guide

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 09/09/2026

Current apartment rentals in the Muncie, IN area range in price from $405 to $2,500 with an overall median price of $1,296. The three Muncie neighborhoods with the lowest median rent pricing are South Muncie at $1,250, North Muncie at $1,300, and Westacres at $1,300. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Muncie Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
South Muncie$1,250$40589
North Muncie$1,300$40588
Westacres$1,300$1,3001
Downtown Muncie$1,312$40573
School$1,350$40545

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

Best Value Apartments for Rent in Muncie, IN

As of September 09, 2026 the best value apartment in the Muncie area is the $0.60 price per square foot 2BD + Den/2BA Unfurnished Premium Model at University Village in the in the Westacres neighborhood starting from $779. The second greatest value Muncie apartment is the 3x2.5 Model at Canterbury Townhomes starting at $1,460 with a $1.22 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 Village2BD + Den/2BA Unfurnished Premium2BR,2BA$0.60
Canterbury Townhomes3x2.53BR,2.5BA$1.22
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

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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Navigating 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.

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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, 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 Muncie

What type of rentals are currently available in Muncie?

There are currently 245 Apartments for Rent in Muncie, IN with pricing that ranges from $340 to $2,000. There are also 118 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $405 to $2,500.

What is the current price range for Rental Homes in Muncie?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Muncie ranges from $405 to $2,500 with an average monthly rent of $1,338.

How much are larger Three and Four Bedroom Rentals in Muncie?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Muncie range from $340 to $1,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $405 to $1,725. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $449.

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.