
Cheap Apartments for Rent in the South Muncie Neighborhood of Muncie, IN from $400 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Muncie area of Muncie.


906 W Main St

713 W Adams St

Total Monthly Price
805 W Ashland Ave

River Landing Apartments

7697 St Rd

Total Monthly Price
1433 E Main St, Unit Apt 1

713 adams
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.

218 S Martin Ave

1621 W Jackson St

1718 S Elm St

2604 W Memorial Dr

1801 S Clark St

The Alan

626 W Main St

1701 W Adams 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.

1008 W 1st St

Arrasmith Apartments

710 W Kilgore Ave

710 N Mulberry St

2009 S Penn St

1525 S Walnut St

1703 E 14th St

1521 E Kirby Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

2213 E Memorial Dr

District on Bethel

The District on Linden

Stadium View Apartments

District on Oakwood

Kensington Apartments

The Cedars

Beacon Hill
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Calvary Plaza - Affordable Housing

Countryside Estates Indiana

Wilson School Apartments

The District on Riverside

Flats at West End

Chesterfield Apartments

Orchard Apartments

The District on Dill
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

LABOR LOFTS
South Muncie, Muncie, IN Local Guide

How much does it cost to rent an apartment in South Muncie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Muncie Studio Apartments | $782 | $665 | $900 |
| South Muncie 1 Bedroom Apartments | $827 | $599 | $1,800 |
| South Muncie 2 Bedroom Apartments | $1,097 | $695 | $1,650 |
| South Muncie 3 Bedroom Apartments | $1,153 | $975 | $1,438 |
Browse Apartments in this Neighborhood
There are currently 41 rentals with your search options within a 2 mile radius of the South Muncie Neighborhood of Muncie, IN.
See all Apartments in MuncieExplore Muncie
South Muncie, Muncie, IN Local Guide
- Nearby Muncie neighborhoods
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Cheapest Available South Muncie Apartments for Rent
 The cheapest available apartment rental in the South Muncie area of Muncie, IN is a 1 Bed unit found at Kensington Apartments priced from $710. Wilson School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable South Muncie apartments for rent in Muncie, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kensington Apartments | 1/1 B | 1BR,1BA | $710 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $725 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $750 |
| Chesterfield Apartments | 3/1 800sf | 3BR,1BA | $825 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $850 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $875 |
| Colonial Crest Apartments | Unfurnished Studio | 1BR,1BA | $900 |
| River Edge Apartments | Close to Campus | 1BR,1BA | $925 |
| Beacon Hill | 3 Bedroom Townhome | 3BR,1BA | $950 |
Best Value Apartments for Rent in South Muncie, IN
As of March 14, 2026 the best value apartment in the South Muncie area is the $1.11 price per square foot 3x1.5 R Model at Canterbury Townhomes in the in the Westacres neighborhood starting from $1,438. The second greatest value South Muncie apartment is the Maynardville Classic 72 Model at Freedom Acres MHC starting at $1,099 with a $0.95 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for South Muncie apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Canterbury Townhomes | 3x1.5 R | 3BR,1.5BA | $1.11 |
| Freedom Acres MHC | Maynardville Classic 72 | 3BR,2BA | $0.95 |
| District on Bethel | Fully Renovated! | 3BR,2BA | $1.20 |
| District on Wayne | Near The Village With a Balcony | 3BR,2BA | $1.09 |
| 424 Lofts | 2 bedroom | 2BR,1BA | $1.19 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| Beacon Hill | 3.1a | 3BR,1BA | $1.25 |
| Chesterfield Apartments | 3/1 800sf | 3BR,1BA | $1.03 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $1.12 |
| 1433 E Main St, Unit Apt 1 | 1433 E Main St | 1BR,1BA | $1.23 |
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 ArticleThe 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 ArticleCash 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 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.
Pet Friendly LifestyleSouth Muncie, Muncie, IN
Ranked #3
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap South Muncie Apartments
What is the price of a cheap apartment in South Muncie?
The cheapest apartment in South Muncie is Kensington Apartments which is listed at $699, while the average apartment in South Muncie costs $1,400.
What types of apartments are the cheapest in South Muncie?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in South Muncie that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in South Muncie?
Cheap apartments in South Muncie have an average cost of $224 which is $1,176 cheaper than the average rent for all rentals in South Muncie.
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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.