
Cheap Homes for Rent in Muncie, IN from $500 (26 Rentals)
Search the lowest-cost Homes available for rent right now in Muncie.


1507 W 9th St

713 adams

810 W 1st St

1224 E Main St

646 N Mulberry St
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.

421 W 9th St

619 S Mound St

3000 S Mulberry St

817 W Main St

1223 S Franklin St

707 S Luick Ave
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.

1014 N Hodson Ave

418 W 7th St

542 W Wilson Ave, Unit .5

211 S Liberty St

115 E Willard St

721 W Main St
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.

1516 Wheeling Ave

415 1/2 W Main St

713-713 IN-3

2017 S Waldemere Ave

10 E Dogwood Dr

2204 S Waldemere Ave
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.

1608 N Macedonia Ave

2317 N Turner 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 | $1,083 | $700 | $1,500 |
| Muncie 3 Bedroom Homes for Rent | $1,234 | $675 | $1,700 |
| Muncie 4 Bedroom Homes for Rent | $1,454 | $1,000 | $2,000 |
| Muncie 5 Bedroom Homes for Rent | $1,700 | $1,500 | $1,850 |
Browse Top Homes for Rent in Muncie
Explore Muncie
Muncie, IN Local Guide
- Muncie Neighborhoods
- Nearby Cities
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- School Districts
Cheapest Neighborhoods for Apartments in Muncie, IN
Pricing Updated: 01/24/2026Current apartment rentals in the Muncie, IN area range in price from $350 to $1,871 with an overall median price of $1,400. The three Muncie neighborhoods with the lowest median rent pricing are Downtown Muncie at $595, North Muncie at $350, and School at $595. 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 | $1,400 | $595 | 55 |
| North Muncie | $1,400 | $350 | 198 |
| School | $1,400 | $595 | 32 |
| South Muncie | $1,400 | $550 | 62 |
| Westacres | $1,400 | $350 | 128 |
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Haven | 4x4 | 4BR,4BA | $540 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $569 |
| Applegate | Studio | Studio,1BA | $644 |
| Kensington Apartments | 1/1 B | 1BR,1BA | $700 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $725 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $750 |
| Flats at West End | Studio | Studio,1BA | $760 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $829 |
| Normandy Apartments | Escape the Basic, Discover the Premium, at Norm... | 1BR,1BA | $850 |
Best Value Apartments for Rent in Muncie, IN
As of January 25, 2026 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| District on Wayne | Near The Village With a Balcony | 3BR,2BA | $1.18 |
| Delaware Acres | Intuition | 3BR,2BA | $1.02 |
| Silvertree Communities | Everbrook Townhomes | 2BR,1.5BA | $0.70 |
| The Latitude Apartments | 2x2 Upgrade | 2BR,2BA | $1.15 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.90 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $1.09 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $1.08 |
| 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 ArticleCash 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.
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 197 Apartments for Rent in Muncie, IN with pricing that ranges from $350 to $1,871. There are also 111 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $500 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 $500 to $2,000 with an average monthly rent of $1,230.
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 $675 to $1,700. Four Bedroom Single-Family rentals are also available starting from $1,000 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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.