Cheap Homes for Rent in North Muncie Neighborhood of Muncie, IN from $500 (33 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 2007 S Manhattan Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

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.

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.

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.

property at 2119 S Walnut St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

4 Bedroom, 1.5 Bath Home for Rent

Available Now

2119 S Walnut St

MuncieIN47302
property at 417 S Council St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Now

417 S Council St

MuncieIN47305
property at 2322 S Mulberry St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

2322 S Mulberry St

MuncieIN47302

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.

North Muncie, Muncie, IN Local Guide

Cheapest Available North Muncie Apartments for Rent

 

The cheapest available apartment rental in the North Muncie area of Muncie, IN is a 4 Beds unit found at University Village priced from $514. The Haven has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here are the most affordable North Muncie apartments for rent in Muncie, IN:

Apartment ListingModel NameBed/BathPriced From
University Village4BD/2BA Furnished Premium4BR,2BA$514
The Haven4x44BR,4BA$565
ApplegateStudio Open - 288 sqftStudio,1BA$610
Flats at West EndLuxury You Can Afford: Renovated 1BR Downtown |...1BR,1BA$690
Kensington Apartments1/1 A1BR,1BA$699
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
None2 Beds, 1 Baths2BR,1BA$795
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$850

Best Value Apartments for Rent in North Muncie, IN

As of June 12, 2026 the best value apartment in the North 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 North 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 North Muncie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
Freedom Acres MHCPulse 76163BR,2BA$0.94
The District On WayneNear The Village With a Balcony3BR,2BA$1.09
The District on Bethel3 Bed 2 Bath - South Tower3BR,2BA$1.16
The Latitude2x2 Classic2BR,2BA$1.09
Silvertree CommunitiesSilvertree 2bd2BR,1BA$0.70
424 Lofts1 bedroom1BR,1BA$1.09
715 E Race St*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$1.11
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about North Muncie

What type of rentals are currently available in North Muncie?

There are currently 208 Apartments for Rent in North Muncie, IN with pricing that ranges from $305 to $1,800. There are also 132 Single Family Homes for rent, Condos, and Townhome rentals currently available in North Muncie ranging from $595 to $2,800.

What is the current price range for Rental Homes in North Muncie?

Today's rental pricing for Homes for Rent, Condos and Townhomes in North Muncie ranges from $595 to $2,800 with an average monthly rent of $1,533.

How much are larger Three and Four Bedroom Rentals in North Muncie?

For those who are looking for larger living arrangements, Three Bedroom Apartments in North Muncie range from $305 to $1,460, while Three Bedroom Homes, Condos, and Townhomes for rent range from $770 to $2,300. 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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.