Cheap Homes for Rent in the South Muncie Neighborhood of Muncie, IN from $405 (24 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-24, Page 1 of 1

South Muncie, Muncie, IN Local Guide

Cheapest Available South Muncie Apartments for Rent

 

The cheapest available apartment rental in the South Muncie area of Muncie, IN is a 2 Beds unit found at The Lofts at Roberts priced from $416. 316 S Monroe St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $625. Here are the most affordable South Muncie apartments for rent in Muncie, IN:

Apartment ListingModel NameBed/BathPriced From
The Lofts at RobertsThe Liberty2BR,1BA$416
316 S Monroe St1BR/1.0BA1BR,1BA$625
Cole Street Apts: Close to Campus1 Bed Fully Renovated1BR,1BA$720
916 W Jackson St1/11BR,1BA$720
2824 E Memorial Dr2BR/1.0BA2BR,1BA$725

Best Value Apartments for Rent in South Muncie, IN

As of August 24, 2026 the best value apartment in the South Muncie area is the $0.78 price per square foot 3 Beds, 1 Baths Model at 218 E 8th St in the in the School neighborhood starting from $1,200. The second greatest value South Muncie apartment is the 3x1.5 R Model at Canterbury Townhomes starting at $1,460 with a $1.12 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 ListingModel NameBed/BathPrice Per Sq.Ft.
218 E 8th St3 Beds, 1 Baths3BR,1BA$0.78
Canterbury Townhomes3x1.5 R3BR,1.5BA$1.12
District on WaynePreleasing for August - District on Wayne - Nea...3BR,2BA$1.18
District on Bethel3 Bed 2 Bath - South Tower Vaulted Ceiling3BR,2BA$1.23
The Lofts at RobertsThe Liberty2BR,1BA$0.42
Labor Center Lofts1BR/1.0BA1BR,1BA$1.13
Beacon Hill2.1a2BR,1BA$1.21
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94
1433 E Main St, Unit Apt 11433 E Main St1BR,1BA$1.23
316 S Monroe St1BR/1.0BA1BR,1BA$1.25

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.

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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.

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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.

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Pet Friendly Lifestyle
South Muncie, Muncie, IN

Ranked #3

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about South Muncie

What type of rentals are currently available in South Muncie?

There are currently 190 Apartments for Rent in South Muncie, IN with pricing that ranges from $352 to $1,875. There are also 106 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Muncie ranging from $405 to $2,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Muncie ranges from $405 to $2,500 with an average monthly rent of $1,304.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Muncie range from $487 to $1,542, while Three Bedroom Homes, Condos, and Townhomes for rent range from $405 to $1,725. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,459.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.