
Cheap Homes for Rent in Muncie, IN from $500 (22 Rentals)
Search the lowest-cost Homes available for rent right now in Muncie.


1500 W 16th St

611 W Jackson St

1320 E Main St
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.

1705 W 9th St

1818 W 7th St

3423 S Dayton Ave

803 W Main St

1109 E 8th St

815 W Memorial Dr
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.

418 W 7th St

745 N Mulberry St

1401 N Linden St

302 W 6th St

723 N Reserve St

820 W 15th St

607 S Pierce St

115 E Willard St

2300 E Memorial Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1430 W 14th St

2407 S Mulberry St
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 | $1,028 | $700 | $1,650 |
Muncie 3 Bedroom Homes for Rent | $1,257 | $770 | $2,515 |
Muncie 4 Bedroom Homes for Rent | $1,505 | $1,180 | $1,700 |
Muncie 6 Bedroom Homes for Rent | $2,800 | $2,800 | $2,800 |
Browse Top Homes for Rent in Muncie
Explore Muncie
Muncie, IN Local Guide
- Muncie Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Muncie, IN
Pricing Updated: 07/21/2025Current apartment rentals in the Muncie, IN area range in price from $350 to $2,515 with an overall median price of $1,600. The three Muncie neighborhoods with the lowest median rent pricing are Downtown Muncie at $600, North Muncie at $350, and School at $610. 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 |
---|---|---|---|
Downtown Muncie | $1,600 | $600 | 21 |
North Muncie | $1,600 | $350 | 111 |
School | $1,600 | $610 | 13 |
South Muncie | $1,600 | $600 | 30 |
Westacres | $1,600 | $350 | 86 |
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 $510. Yugo Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $549. Here is today’s list of the most affordable Muncie apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Haven | 4x4 | 4BR,4BA | $510 |
Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
Wilson School Apartments | 1 Bed 1 Bath | 1BR,1BA | $675 |
Applegate | Studio | Studio,1BA | $720 |
River Edge Apartments | Close to Campus | 1BR,1BA | $795 |
Best Value Apartments for Rent in Muncie, IN
As of July 21, 2025 the best value apartment in the Muncie area is the $0.95 price per square foot 3 Bed 2 Bath Updated Model at District on Wayne in the in the School neighborhood starting from $1,050. The second greatest value Muncie apartment is the 3 Beds, 2 baths Model at Delaware Acres starting at $1,079 with a $1.02 price per square foot in the North Muncie 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. |
---|---|---|---|
District on Wayne | 3 Bed 2 Bath Updated | 3BR,2BA | $0.95 |
Delaware Acres | 3 Beds, 2 baths | 3BR,2BA | $1.02 |
Aspen/Snowmass Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.31 |
The Latitude | 2 Bed 2 Bath Apartment - Premium | 2BR,2BA | $1.09 |
Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.89 |
Silvertree Communities | Silvertree 2bd | 2BR,1BA | $0.66 |
Chateau Apartments | Raphael | 2BR,1BA | $1.27 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Forest Oaks Apartments | 1 Bed 1 Bath (Down) | 1BR,1BA | $1.27 |
Fox Brook Apartments | 1x1 R | 1BR,1BA | $1.29 |
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.
Frequently Asked Questions about Muncie
What type of rentals are currently available in Muncie?
There are currently 180 Apartments for Rent in Muncie, IN with pricing that ranges from $350 to $1,800. There are also 77 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $550 to $2,800.
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 $2,800 with an average monthly rent of $1,464.
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 $1,438, while Three Bedroom Homes, Condos, and Townhomes for rent range from $770 to $2,515. Four Bedroom Single-Family rentals are also available starting from $1,180 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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.