Cheap Homes for Rent in South Muncie Neighborhood of Muncie, IN from $500 (21 Rentals)

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

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property at 2007 S Manhattan Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750
Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

2007 S Manhattan Ave

MuncieIN47302

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.

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property at 1804 S Wall Ave

$899

Total Monthly Price

Total Monthly Price

Base Rent
$899
Total Monthly Price
$899

2 Bedroom, 1 Bath Home for Rent

Available Now

1804 S Wall Ave

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.

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Showing Results 1-21, 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 Studio unit found at Flats at West End priced from $550. The Alan has the second lowest priced unit, which is a 1 Bed apartment currently listed from $712. Here are the most affordable South Muncie apartments for rent in Muncie, IN:

Apartment ListingModel NameBed/BathPriced From
Flats at West End0BR/1.0BAStudio,1BA$550
The Alan1A 50%1BR,1BA$712
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
Chesterfield Apartments3/1 800sf3BR,1BA$825
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$850

Best Value Apartments for Rent in South Muncie, IN

As of May 25, 2026 the best value apartment in the South Muncie area is the $0.94 price per square foot Pulse 7616 Model at Freedom Acres MHC in the in the Westacres neighborhood starting from $1,139. 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 76163BR,2BA$0.94
District on WayneNear The Village With a Balcony3BR,2BA$1.09
District on Bethel3 Bed 2 Bath - South Tower3BR,2BA$1.16
Beacon Hill3.1d3BR,1BA$1.28
Canterbury Townhomes2x1.5 R2BR,1.5BA$1.35
Chesterfield Apartments3/1 800sf3BR,1BA$1.03
The Alan1A-HC 60%2BR,1BA$1.27
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.26
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$1.12
1433 E Main St, Unit Apt 11433 E Main St1BR,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.

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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

3.0
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 180 Apartments for Rent in South Muncie, IN with pricing that ranges from $550 to $1,800. There are also 117 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Muncie ranging from $599 to $2,800.

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 $599 to $2,800 with an average monthly rent of $1,554.

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 $775 to $1,438, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,725. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $1,400.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.