Cheap Homes for Rent in South Muncie Neighborhood of Muncie, IN from $500 (23 Rentals)

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

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
property at 1014 N Hodson Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

1014 N Hodson Ave

MuncieIN47303

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.

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property at 709 W 11th St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

2 Bedroom, 1 Bath Home for Rent

Available Mar 23

709 W 11th St

MuncieIN47302

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.

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property at 2219 S Elm St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

3 Bedroom, 2 Bath Home for Rent

Available Now

2219 S Elm St

MuncieIN47302
Showing Results 1-23, 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 1 Bed unit found at Kensington Apartments priced from $708. 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 ListingModel NameBed/BathPriced From
Kensington Apartments1/1 B1BR,1BA$708
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
Arrasmith Apartments1BR/1.0BA1BR,1BA$750
Flats at West EndStudioStudio,1BA$760
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850

Best Value Apartments for Rent in South Muncie, IN

As of February 23, 2026 the best value apartment in the South Muncie area is the $0.96 price per square foot Pulse 4828 Model at Freedom Acres MHC in the in the Westacres neighborhood starting from $1,294. The second greatest value South Muncie 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 South Muncie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Freedom Acres MHCPulse 48283BR,2BA$0.96
District on WayneNear The Village With a Balcony3BR,2BA$1.09
District on BethelFully Renovated!3BR,2BA$1.20
Beacon Hill3.1d3BR,1BA$1.50
Arrasmith Apartments1BR/1.0BA1BR,1BA$0.90
424 Lofts1 bedroom1BR,1BA$1.09
Canterbury Townhomes2x1.5 R2BR,1.5BA$1.42
Chesterfield Apartments3/1 800sf3BR,1BA$1.07
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.26
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.

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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.

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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.

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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 168 Apartments for Rent in South Muncie, IN with pricing that ranges from $550 to $1,800. There are also 80 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Muncie ranging from $550 to $1,850.

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 $550 to $1,850 with an average monthly rent of $1,224.

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 $890 to $1,438, while Three Bedroom Homes, Condos, and Townhomes for rent range from $575 to $1,699. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $750.

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 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.

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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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

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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.