Cheap Homes for Rent in the South Muncie Neighborhood of Muncie, IN from $400 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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

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.

Read Article
Showing Results 1-16, 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. Flats at West End has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. 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
Flats at West EndLuxury You Can Afford: Renovated 1BR Downtown |...1BR,1BA$690
The Alan1A 50%1BR,1BA$711
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
916 W Jackson St1/11BR,1BA$750

Best Value Apartments for Rent in South Muncie, IN

As of July 09, 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
220 N McKinley Ave, Unit 220 N. McKinley Ave. Muncie, IN 47303220 N McKinley Ave2BR,1BA$0.90
The Lofts at RobertsThe Liberty2BR,1BA$0.42
424 Lofts1 bedroom1BR,1BA$1.09
*Newly Renovated* Premium Style 2-4 BD Apartment Home2 Beds, 1 bath2BR,1BA$0.94
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$1.12
Flats at West EndLuxury You Can Afford: Renovated 1BR Downtown |...1BR,1BA$1.15
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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Frequently Asked Questions about South Muncie

What type of rentals are currently available in South Muncie?

There are currently 179 Apartments for Rent in South Muncie, IN with pricing that ranges from $352 to $1,975. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Muncie ranging from $499 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 $499 to $2,500 with an average monthly rent of $1,466.

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 $900 to $1,725. Four Bedroom Single-Family rentals are also available starting from $850 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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.