
Cheap Homes for Rent in Muncie, IN from $405 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Muncie.


1818 W 7th St

519 S Liberty St

801-D W Riverside Ave

801-B W Riverside Ave

3201 W 26th St

909 N Brady 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.

1916 W White River Blvd

2302 S Ebright St

703 W Adams St, Unit Apartment 6

703 W Adams St, Unit Apartment 1

703 W Adams St, Unit Apartment 3

2101 S Pershing Dr

2700 E Memorial Dr
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.
Muncie, IN Local Guide

How much does it cost to rent a home in Muncie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Muncie 2 Bedroom Homes for Rent | $1,076 | $700 | $1,400 |
| Muncie 3 Bedroom Homes for Rent | $1,302 | $405 | $1,725 |
| Muncie 4 Bedroom Homes for Rent | $1,610 | $1,100 | $2,100 |
| Muncie 5 Bedroom Homes for Rent | $1,949 | $1,550 | $2,125 |
| Muncie 6 Bedroom Homes for Rent | $2,290 | $2,000 | $2,500 |
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Muncie, IN Local Guide
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Cheapest Neighborhoods for Apartments in Muncie, IN
Pricing Updated: 09/09/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| South Muncie | $1,250 | $405 | 89 |
| North Muncie | $1,300 | $405 | 88 |
| Westacres | $1,300 | $1,300 | 1 |
| Downtown Muncie | $1,312 | $405 | 73 |
| School | $1,350 | $405 | 45 |
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 |
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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| University Village | 2BD + Den/2BA Unfurnished Premium | 2BR,2BA | $0.60 |
| Canterbury Townhomes | 3x2.5 | 3BR,2.5BA | $1.22 |
| 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
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Muncie, INPopulation: 68,529
Ranked #528
in US Census Population by City
Best Local Schools in Muncie, IN
School data provided by Great Schools
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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

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.