Cheap Homes for Rent in School Neighborhood of Muncie, IN from $500 (10 Rentals)

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

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.

property at 1001 W 1st St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1001 W 1st St

MuncieIN47305

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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.

Cheapest Available School Apartments for Rent

 

The cheapest available apartment rental in the School area of Muncie, IN is a Studio unit found at Flats at West End priced from $550. Kensington Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable School apartments for rent in Muncie, IN:

Apartment ListingModel NameBed/BathPriced From
Flats at West End0BR/1.0BAStudio,1BA$550
Kensington Apartments1/1 A1BR,1BA$699
Chesterfield Apartments3/1 800sf3BR,1BA$825

Best Value Apartments for Rent in School, IN

As of April 27, 2026 the best value apartment in the School area is the $0.43 price per square foot 812 W Main St Model at 812 W Main St, Unit #2 in the in the School neighborhood starting from $850. The second greatest value School apartment is the Near The Village With a Balcony 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 School apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
812 W Main St, Unit #2812 W Main St1BR,1BA$0.43
District on WayneNear The Village With a Balcony3BR,2BA$1.09
424 Lofts2 bedroom2BR,1BA$1.19
Liberty LoftsThrive Downtown – Where Historic Charm Meets Mo...2BR,1BA$1.56
Beacon Hill3.1a3BR,1BA$1.25
Chesterfield Apartments3/1 800sf3BR,1BA$1.03
White River LoftsPRICE DROP White River Lofts - Layout A $350 Gi...1BR,1BA$1.60
River Edge ApartmentsClose to Campus1BR,1BA$1.54
714 W Main St, Unit 3714 W Main St1BR,1BA$1.63
Flats at West End0BR/1.0BAStudio ,1BA$1.38

Frequently Asked Questions about School

What type of rentals are currently available in School?

There are currently 116 Apartments for Rent in School, IN with pricing that ranges from $525 to $1,600. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in School ranging from $550 to $2,490.

What is the current price range for Rental Homes in School?

Today's rental pricing for Homes for Rent, Condos and Townhomes in School ranges from $550 to $2,490 with an average monthly rent of $1,495.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.