Cheap Apartments for Rent in Munster, IN from $500 (7 Rentals)

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1131 Ridge Rd
1 Bedroom Apartments

1131 Ridge Rd

1131 Ridge RdMunster, IN 46321
Furnished
  • Utilities Included
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Southmoor Apartments
Studio to 1 Bedroom Apartments

Southmoor Apartments

5946 Hohman AveHammond, IN 46320
  • Utilities Included

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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Lawndale Apartments
1 to 2 Bedroom Apartments

Lawndale Apartments

6930 Hohman AveHammond, IN 46324
  • Utilities Included
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

6905-6915 Magoun AveHammond, IN 46324
  • Utilities Included
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Saxony Town Homes
2 to 4 Bedroom Apartments

Saxony Town Homes

1349 175th StHammond, IN 46324

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.

Munster, IN Local Guide

Cheapest Neighborhoods for Apartments in Munster, IN

Pricing Updated: 11/29/2025

Current apartment rentals in the Munster, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Munster Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Hollywood$1,349$8496
Fairmeadow$1,654$84923
West Lakes$2,000$1,05017

Cheapest Available Munster Apartments for Rent

 

The cheapest available apartment rental in Munster, IN is a 1 Bed unit found at Hampton in Highland Apartments in the Fairmeadow neighborhood priced from $1,294. Tanglewood in the Roxana neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,339. Here is today’s list of the most affordable Munster apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Hampton in Highland ApartmentsWestchester1BR,1BA$1,294
TanglewoodPhase II, Floorplan A, 2 Bedroom, 1 Bath2BR,1BA$1,339
Boulevard North TownhomesA2BR,1BA$1,349

Best Value Apartments for Rent in Munster, IN

As of November 29, 2025 the best value apartment in the Munster area is the $1.12 price per square foot 18329 West St Model at 18329 West St, Unit Unit 2 in the in the Bernice neighborhood starting from $1,900. The second greatest value Munster apartment is the Barrister II Model at Embassy Place at White Oak Estate starting at $2,320 with a $1.78 price per square foot in the Fairmeadow neighborhood. Here is today’s list of the best values for Munster apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
18329 West St, Unit Unit 218329 West St3BR,1.5BA$1.12
Embassy Place at White Oak EstateBarrister II2BR,2BA$1.78
Boulevard North TownhomesA2BR,1BA$1.38
Hampton in Highland ApartmentsCambridge2BR,1BA$1.78
TanglewoodPhase I, Floorplan D, 2 Bedroom, 1 Bath2BR,1BA$1.66
8 Waltham St, Unit 1R8 Waltham St1BR,1BA$1.15
Bernice HomesTwo Bedroom home2BR,1BA$1.69
Prairie Square RentalsBurlwood 1st Floor1BR,1BA$2.29

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Getting Around Munster, IN

Walk Score®

54 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Munster Apartments

What is the price of a cheap apartment in Munster?

The cheapest apartment in Munster is Hampton in Highland Apartments which is listed at $1,294, while the average apartment in Munster costs $1,667.

What types of apartments are the cheapest in Munster?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Munster that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Munster?

Cheap apartments in Munster have an average cost of $505 which is $1,162 cheaper than the average rent for all rentals in Munster.

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.