Cheap Homes for Rent in South Muncie Neighborhood of Muncie, IN from $500 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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.

Showing Results 1-22, 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 River Edge Apartments priced from $795. 6301 W Kilgore Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable South Muncie apartments for rent in Muncie, IN:

Apartment ListingModel NameBed/BathPriced From
River Edge ApartmentsClose to Campus1BR,1BA$795
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$799
Beacon Hill1.1a1BR,1BA$814
District on BethelFully Renovated!1BR,1BA$850
Colonial Crest ApartmentsUnfurnished Studio1BR,1BA$900

Best Value Apartments for Rent in South Muncie, IN

As of July 26, 2025 the best value apartment in the South Muncie area is the $1.09 price per square foot 3 Bedroom 2 Bathroom - Renovated Model at District on Wayne in the in the School neighborhood starting from $1,200. The second greatest value South Muncie apartment is the 2BR/1.0BA Model at Rosewood Apartments starting at $1,200 with a $1.33 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.
District on Wayne3 Bedroom 2 Bathroom - Renovated3BR,2BA$1.09
Rosewood Apartments2BR/1.0BA2BR,1BA$1.33
Beacon Hill3.1d3BR,1BA$1.68
Colonial Crest ApartmentsFurnished Two Bedroom2BR,1BA$1.83
Liberty Lofts2BR/1.0BA2BR,1BA$1.41
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
White River LoftsPRICE DROP White River Lofts - Layout A $350 Gi...1BR,1BA$1.75
River Edge ApartmentsClose to Campus1BR,1BA$1.33
District on BethelFully Renovated!1BR,1BA$1.48
1001 W 1st St, Unit 21001 W 1st St1BR,1BA$1.40

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

Frequently Asked Questions about South Muncie

What type of rentals are currently available in South Muncie?

There are currently 151 Apartments for Rent in South Muncie, IN with pricing that ranges from $600 to $1,800. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Muncie ranging from $550 to $2,995.

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 $2,995 with an average monthly rent of $1,571.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.