
Cheap Homes for Rent in Munster, IN from $700 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Munster.


133 N Lindberg St

3 Waltham St
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.

331 157th St

2033 45th St, Unit 105, Unit 105

511-511 169th St
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.

7131 Arkansas Ave
Munster, IN Local Guide

How much does it cost to rent a home in Munster?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Munster 2 Bedroom Homes for Rent | $1,671 | $1,325 | $2,200 |
| Munster 3 Bedroom Homes for Rent | $2,671 | $1,095 | $4,550 |
| Munster 4 Bedroom Homes for Rent | $2,000 | $1,800 | $2,250 |
| Munster 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Top Homes for Rent in Munster
Explore Munster
Munster, IN Local Guide
- Munster Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Munster, IN
Pricing Updated: 05/06/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Hollywood | $1,350 | $849 | 6 |
| Fairmeadow | $1,559 | $849 | 21 |
| West Lakes | $1,850 | $1,100 | 15 |
Cheapest Available Munster Apartments for Rent and Nearby
 The cheapest available apartment rental in Munster, IN is a 2 Beds unit found at Hollywood Manor Townhomes in the Bernice neighborhood priced from $1,350. Bernice Homes in the Bernice neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,350. Here is today’s list of the most affordable Munster apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hollywood Manor Townhomes | 2BD/1BA | 2BR,1BA | $1,350 |
| Bernice Homes | Two Bedroom home | 2BR,1BA | $1,350 |
| Hampton in Highland Apartments | Nottingham | 1BR,1BA | $1,374 |
Best Value Apartments for Rent in Munster, IN and Nearby
As of May 07, 2026 the best value apartment in the Munster area is the $1.82 price per square foot Barrister II Model at Embassy Place Apartments in the in the Fairmeadow neighborhood starting from $2,370. The second greatest value Munster apartment is the 9351 Kennedy Ave Model at 9351 Kennedy Ave, Unit #1 starting at $1,700 with a $1.55 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Embassy Place Apartments | Barrister II | 2BR,2BA | $1.82 |
| 9351 Kennedy Ave, Unit #1 | 9351 Kennedy Ave | 2BR,2BA | $1.55 |
| Hollywood Manor Townhomes | 2BD/1BA | 2BR,1BA | $1.56 |
| 8 Waltham St, Unit 1R | 8 Waltham St | 1BR,1BA | $1.15 |
| Bernice Homes | Two Bedroom home | 2BR,1BA | $1.69 |
| Hampton in Highland Apartments | Nottingham | 1BR,1BA | $1.75 |
| 18329 West St, Unit 3W | 18329 West St | 1BR,1BA | $1.71 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe 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.
Read ArticleCash 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 ArticleQuick 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.
Best Local Schools in Munster, IN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Munster, IN Rentals by Map
See the most popular apartments and homes in Munster, IN
Frequently Asked Questions about Munster
What type of rentals are currently available in Munster?
There are currently 139 Apartments for Rent in Munster, IN with pricing that ranges from $849 to $2,520. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Munster ranging from $700 to $4,550.
What is the current price range for Rental Homes in Munster?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Munster ranges from $700 to $4,550 with an average monthly rent of $1,914.
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

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.

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.

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.

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.