
Cheap Homes for Rent in Muncie, IN from $400 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Muncie.


1818 W 7th St

1224 E Main St

2300 E Memorial Dr
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.

802 1/2 N Mulberry St

625 S Mound St

817 W Main St

1223 S Franklin 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.

2017 E Wabash Ave

1014 N Hodson Ave

418 W 7th St

721 W Main St

805 W Main St
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.

1516 Wheeling Ave
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 | $1,047 | $700 | $1,450 |
| Muncie 3 Bedroom Homes for Rent | $1,172 | $595 | $1,700 |
| Muncie 4 Bedroom Homes for Rent | $1,461 | $950 | $2,000 |
| Muncie 5 Bedroom Homes for Rent | $1,700 | $1,500 | $1,850 |
| Muncie 6 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Top Homes for Rent in Muncie
Explore Muncie
Muncie, IN Local Guide
- Muncie Neighborhoods
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Cheapest Neighborhoods for Apartments in Muncie, IN
Pricing Updated: 12/10/2025Current apartment rentals in the Muncie, IN area range in price from $450 to $3,800 with an overall median price of $1,940. The three Muncie neighborhoods with the lowest median rent pricing are Downtown Muncie at $450, School at $500, and South Muncie at $450. 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 | $1,750 | $450 | 53 |
| School | $1,750 | $500 | 27 |
| South Muncie | $1,750 | $450 | 65 |
| Westacres | $1,750 | $450 | 19 |
| North Muncie | $2,700 | $450 | 80 |
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 $540. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Haven | 4x4 | 4BR,4BA | $540 |
| Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $569 |
| Applegate | Studio | Studio,1BA | $640 |
| Kensington Apartments | 1/1 A | 1BR,1BA | $663 |
| Flats at West End | Studio, 1 bath | Studio,1BA | $700 |
Best Value Apartments for Rent in Muncie, IN
As of December 10, 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 CYM 3 BEDROOM RENO Model at The Latitude Apartments starting at $1,299 with a $1.11 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. |
|---|---|---|---|
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| The Latitude Apartments | CYM 3 BEDROOM RENO | 3BR,2BA | $1.11 |
| District on Wayne | Near The Village With a Balcony | 3BR,2BA | $1.18 |
| Silvertree Communities | Everbrook Townhomes | 2BR,1.5BA | $0.70 |
| Delaware Acres | RHP FK | 3BR,2BA | $1.10 |
| Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.90 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $1.24 |
| Forest Oaks Apartments | 1 Bed 1 Bath (Down) | 1BR,1BA | $1.27 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $1.12 |
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 ArticleThe 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.
Read ArticleQuick 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.
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
See the most popular apartments and homes in Muncie, IN
Frequently Asked Questions about Muncie
What type of rentals are currently available in Muncie?
There are currently 196 Apartments for Rent in Muncie, IN with pricing that ranges from $350 to $1,846. There are also 95 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $450 to $2,000.
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 $450 to $2,000 with an average monthly rent of $1,220.
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 $1,737, while Three Bedroom Homes, Condos, and Townhomes for rent range from $595 to $1,700. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $350.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

