Cheap Homes for Rent in South Muncie Neighborhood of Muncie, IN from $500 (20 Rentals)

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

property at 817 W Main St

817 W Main St

MuncieIN47305

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.

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.

property at 2414 S Walnut St

2414 S Walnut St

MuncieIN47302

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.

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 The Cedars priced from $749. Arrasmith Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable South Muncie apartments for rent in Muncie, IN:

Apartment ListingModel NameBed/BathPriced From
The CedarsThe Cedars - Large 1 Bed/1 Bath Remodeled - $20...1BR,1BA$749
Arrasmith Apartments1BR/1.0BA1BR,1BA$750
Flats at West End1 Bed, 1 bath1BR,1BA$850
District on BethelFully Renovated!1BR,1BA$850
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$900

Best Value Apartments for Rent in South Muncie, IN

As of October 31, 2025 the best value apartment in the South Muncie area is the $1.18 price per square foot Near The Village With a Balcony Model at District on Wayne in the in the School neighborhood starting from $1,300. The second greatest value South Muncie apartment is the 1BR/1.0BA Model at Arrasmith Apartments starting at $750 with a $0.90 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.
District on WayneNear The Village With a Balcony3BR,2BA$1.18
Arrasmith Apartments1BR/1.0BA1BR,1BA$0.90
Canterbury Townhomes2x1.5 R2BR,1.5BA$1.42
Freedom Acres MHCBlazer Extreme2BR,1BA$1.37
Rosewood Apartments**MOVE IN SPECIALS!** Upgrade Your Space: Premi...2BR,1BA$1.60
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.33
White River LoftsPRICE DROP White River Lofts - Layout D $350 Gi...1BR,1BA$1.57
Flats at West End1 Bed, 1 bath1BR,1BA$1.42
District on BethelFully Renovated!1BR,1BA$1.48
The CedarsThe Cedars - Large 1 Bed/1 Bath Remodeled - $20...1BR,1BA$1.39

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 159 Apartments for Rent in South Muncie, IN with pricing that ranges from $590 to $1,800. There are also 83 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 $1,202.

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 $975 to $1,463, while Three Bedroom Homes, Condos, and Townhomes for rent range from $649 to $1,575. Four Bedroom Single-Family rentals are also available starting from $1,050 and Four Bedroom Apartments start at $795.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.