Cheap Homes for Rent in Muncie, IN from $500 (25 Rentals)

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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 817 W Main St

817 W Main St

MuncieIN47305

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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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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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

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 10/24/2025

Current apartment rentals in the Muncie, IN area range in price from $550 to $3,800 with an overall median price of $1,820. The three Muncie neighborhoods with the lowest median rent pricing are Downtown Muncie at $550, School at $600, and South Muncie at $550. 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$1,600$55051
School$1,600$60028
South Muncie$1,600$55061
Westacres$1,600$5509
North Muncie$2,700$55068

Cheapest Available Muncie Apartments for Rent

 

The cheapest available apartment rental in Muncie, IN is a 4 Beds unit found at The Haven in the Westacres neighborhood priced from $530. Yugo 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 Haven4x44BR,4BA$530
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$569
ApplegateStudioStudio,1BA$640
The Cedars1BR/1.0BA1BR,1BA$699
Normandy Apartments**MOVE-IN SPECIALS!** Modern 1-Bedroom Apartmen...1BR,1BA$750

Best Value Apartments for Rent in Muncie, IN

As of October 24, 2025 the best value apartment in the Muncie area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value Muncie apartment is the Near The Village With a Balcony Model at District on Wayne starting at $1,300 with a $1.18 price per square foot in the School 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/2BA Furnished Premium2BR,2BA$0.62
District on WayneNear The Village With a Balcony3BR,2BA$1.18
Delaware AcresPulse 60162BR,2BA$1.04
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
Arrasmith Apartments1BR/1.0BA1BR,1BA$0.90
Chesterfield Apartments2/1 750sf2BR,1BA$1.21
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.33
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
924 E Main St, Unit 924 one half924 E Main St1BR,1BA$1.25
1001 W 1st St, Unit 21001 W 1st St1BR,1BA$1.25

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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 Muncie

What type of rentals are currently available in Muncie?

There are currently 197 Apartments for Rent in Muncie, IN with pricing that ranges from $350 to $1,800. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $550 to $1,850.

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 $550 to $1,850 with an average monthly rent of $1,206.

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 $350 to $1,463, while Three Bedroom Homes, Condos, and Townhomes for rent range from $649 to $1,750. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $350.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.