Cheap Homes for Rent in Muncie, IN from $500 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in Muncie.

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Muncie, IN Local Guide

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 06/05/2025

Current apartment rentals in the Muncie, IN area range in price from $350 to $2,515 with an overall median price of $1,740. The three Muncie neighborhoods with the lowest median rent pricing are Westacres at $350, Downtown Muncie at $350, and North Muncie at $350. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Muncie Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Westacres$1,600$35030
Downtown Muncie$1,775$35041
North Muncie$1,775$35071
School$1,775$69538
South Muncie$1,775$60030

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 ListingModel NameBed/BathPriced From
The Haven4x44BR,4BA$510
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$549
Normandy Apartments1 Bedroom and 1 Bath1BR,1BA$700
ApplegateStudioStudio,1BA$720
Wilson School Apartments1 Bed 1 Bath Loft1BR,1BA$725

Best Value Apartments for Rent in Muncie, IN

As of June 05, 2025 the best value apartment in the Muncie area is the $1.04 price per square foot The Ripple 60% Model at Riverbend Flats in the in the South Muncie neighborhood starting from $1,011. The second greatest value Muncie apartment is the 2 Bed 2 Bath Apartment - Premium Model at The Latitude starting at $999 with a $1.09 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.
Riverbend FlatsThe Ripple 60%2BR,1BA$1.04
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.88
424 Lofts1 bedroom1BR,1BA$1.00
2929 W County Rd 400 N, Unit 29292929 W County Rd 400 N2BR,1BA$0.92
Wilson School Apartments1 Bed 1 Bath Loft1BR,1BA$1.00
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
Orchard Apartments2 Bedroom Standard2BR,1BA$1.31
Normandy Apartments1 Bedroom and 1 Bath1BR,1BA$1.21

Quick Rent Budget Calculator

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Frequently Asked Questions about Muncie

What type of rentals are currently available in Muncie?

There are currently 173 Apartments for Rent in Muncie, IN with pricing that ranges from $350 to $1,800. There are also 64 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 $1,524.

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 $539 to $1,350, 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 $1,200 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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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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

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