
Cheap Homes for Rent in Muncie, IN from $500 (25 Rentals)
Search the lowest-cost Homes available for rent right now in Muncie.


713 Efficiency Muncie

824 W Main St, Unit 824 B

2007 S Manhattan Ave

801-D W Riverside Ave

801-B W Riverside Ave
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

418 W 7th St

614 W Charles St

211 S Liberty St, Unit c

813 W Memorial Dr

707 Muncie, Unit B

1708 W 11th 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.

319 W 10th St

1417 W Memorial Dr

1400 E 24th St

10 E Dogwood Dr

10 E Dogwood Dr

415 W 9th 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.

101-103 N Redwood Ln

2119 S Walnut St

417 S Council St

1609 E 2nd St
907 S Beacon St

2112 W 11th 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.

2322 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 | $1,023 | $750 | $1,400 |
| Muncie 3 Bedroom Homes for Rent | $1,215 | $770 | $1,619 |
| Muncie 4 Bedroom Homes for Rent | $1,375 | $950 | $1,800 |
| Muncie 5 Bedroom Homes for Rent | $1,982 | $1,475 | $2,490 |
| Muncie 6 Bedroom Homes for Rent | $2,553 | $2,490 | $2,800 |
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: 06/11/2026Current apartment rentals in the Muncie, IN area range in price from $305 to $1,800 with an overall median price of $1,278. The three Muncie neighborhoods with the lowest median rent pricing are North Muncie at $305, Westacres at $305, and School at $550. 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 |
|---|---|---|---|
| North Muncie | $1,040 | $305 | 206 |
| Westacres | $1,040 | $305 | 165 |
| School | $1,400 | $550 | 30 |
| Downtown Muncie | $1,450 | $550 | 137 |
| South Muncie | $1,460 | $550 | 152 |
Cheapest Available Muncie Apartments for Rent
 The cheapest available apartment rental in Muncie, IN is a 4 Beds unit found at University Village in the Westacres neighborhood priced from $514. Flats at West End in the School neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Muncie apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $514 |
| Flats at West End | 0BR/1.0BA | Studio,1BA | $550 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| Kensington Apartments | 1/1 A | 1BR,1BA | $699 |
| The Alan | 1A 50% | 1BR,1BA | $712 |
Best Value Apartments for Rent in Muncie, IN
As of June 11, 2026 the best value apartment in the Muncie area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $514. The second greatest value Muncie apartment is the Pulse 7616 Model at Freedom Acres MHC starting at $1,139 with a $0.94 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 | 4BD/2BA Furnished Premium | 4BR,2BA | $0.39 |
| Freedom Acres MHC | Pulse 7616 | 3BR,2BA | $0.94 |
| The District On Wayne | Near The Village With a Balcony | 3BR,2BA | $1.09 |
| The District on Bethel | 3 Bed 2 Bath - South Tower | 3BR,2BA | $1.16 |
| The Latitude | 2x2 Classic | 2BR,2BA | $1.09 |
| 3003 S Hackley St | 3003 S Hackley St | 1BR,1BA | $1.12 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $1.09 |
| Silvertree Communities | Silvertree 2bd | 2BR,1BA | $0.70 |
| *Newly Renovated* Premium Style 2-4 BD Apartment Home | 2 Beds, 1 bath | 2BR,1BA | $0.94 |
| 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 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
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.
Muncie, INPopulation: 68,529
Ranked #528
in US Census Population by City
Best Local Schools in Muncie, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 212 Apartments for Rent in Muncie, IN with pricing that ranges from $305 to $1,800. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $595 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 $595 to $2,800 with an average monthly rent of $1,481.
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 $305 to $1,460, while Three Bedroom Homes, Condos, and Townhomes for rent range from $770 to $1,619. Four Bedroom Single-Family rentals are also available starting from $950 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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.