Cheap Homes for Rent in Muncie, IN from $400 (21 Rentals)

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Search the lowest-cost Homes 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.

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

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.

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 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 Now

3110 S Pershing Dr

MuncieIN47302

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.

Muncie, IN Local Guide

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 07/26/2026

Current apartment rentals in the Muncie, IN area range in price from $305 to $1,875 with an overall median price of $1,329. The three Muncie neighborhoods with the lowest median rent pricing are North Muncie at $305, Westacres at $305, and School at $352. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Muncie Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Muncie$1,115$305193
Westacres$1,115$305141
School$1,459$35226
Downtown Muncie$1,479$352121
South Muncie$1,479$352138

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. Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $569. 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
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

Best Value Apartments for Rent in Muncie, IN

As of July 26, 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
District on WayneNear The Village With a Balcony3BR,2BA$1.09
Delaware AcresHarborview 663BR,2BA$0.99
Silvertree CommunitiesLinden Place3BR,2BA$0.81
The Lofts at RobertsThe Liberty2BR,1BA$0.42
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.67
424 Lofts1 bedroom1BR,1BA$1.09
Labor Center Lofts1BR/1.0BA1BR,1BA$0.85
*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, 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 214 Apartments for Rent in Muncie, IN with pricing that ranges from $305 to $1,875. 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 $1,516.

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 $305 to $1,542, 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 $850 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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.