Cheap Homes for Rent in Muncie, IN from $500 (31 Rentals)

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property at 817 W Main St

817 W Main St

MuncieIN47305

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.

Read Article

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.

Read Article

The 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 Article

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.

Read Article
Showing Results 1-31, Page 1 of 1

Muncie, IN Local Guide

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 09/05/2025

Current apartment rentals in the Muncie, IN area range in price from $350 to $2,515 with an overall median price of $1,600. The three Muncie neighborhoods with the lowest median rent pricing are Downtown Muncie at $590, North Muncie at $350, and School at $590. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Muncie Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Muncie$1,600$59028
North Muncie$1,600$350139
School$1,600$59017
South Muncie$1,600$59036
Westacres$1,600$350108

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 $530. 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 ListingModel NameBed/BathPriced From
The Haven4x44BR,4BA$530
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$569
Wilson School Apartments1 Bed 1 Bath1BR,1BA$675
Normandy Apartments**MOVE-IN SPECIALS!** Modern 1-Bedroom Apartmen...1BR,1BA$700
ApplegateStudioStudio,1BA$795
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$799

Best Value Apartments for Rent in Muncie, IN

As of September 05, 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 3 Bedroom 2 Bathroom - Renovated Model at District on Wayne starting at $1,200 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.
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
District on Wayne3 Bedroom 2 Bathroom - Renovated3BR,2BA$1.09
Delaware AcresPulse 60162BR,2BA$1.18
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
Freedom Acres MHCThe Bay Springs2BR,1BA$1.13
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.89
Silvertree CommunitiesSilvertree 2bd2BR,1BA$0.72
416 W Jackson St, Unit 8416 W Jackson St1BR,1BA$0.93
Chesterfield Apartments2/1 750sf2BR,1BA$1.21
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18

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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

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Frequently Asked Questions about Muncie

What type of rentals are currently available in Muncie?

There are currently 183 Apartments for Rent in Muncie, IN with pricing that ranges from $350 to $1,800. There are also 86 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $500 to $2,700.

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 $2,700 with an average monthly rent of $1,407.

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 $695 to $2,515. Four Bedroom Single-Family rentals are also available starting from $1,000 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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.