Cheap Homes for Rent in Munster, IN from $700 (7 Rentals)

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

property at 600 Northgate Dr

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 2 Bath Home for Rent

Available Now

600 Northgate Dr

DyerIN46311

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.

property at 2033 45th St

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

2 Bedroom, 2 Bath Condo for Rent

Available Jun 1

2033 45th St, Unit 105, Unit 105

2033 45th St
HighlandIN46322

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.

Munster, IN Local Guide

Cheapest Neighborhoods for Apartments in Munster, IN

Pricing Updated: 05/06/2026

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$1,350$8496
Fairmeadow$1,559$84921
West Lakes$1,850$1,10015

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 ListingModel NameBed/BathPriced From
Hollywood Manor Townhomes2BD/1BA2BR,1BA$1,350
Bernice HomesTwo Bedroom home2BR,1BA$1,350
Hampton in Highland ApartmentsNottingham1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Embassy Place ApartmentsBarrister II2BR,2BA$1.82
9351 Kennedy Ave, Unit #19351 Kennedy Ave2BR,2BA$1.55
Hollywood Manor Townhomes2BD/1BA2BR,1BA$1.56
8 Waltham St, Unit 1R8 Waltham St1BR,1BA$1.15
Bernice HomesTwo Bedroom home2BR,1BA$1.69
Hampton in Highland ApartmentsNottingham1BR,1BA$1.75
18329 West St, Unit 3W18329 West St1BR,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.

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10 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.

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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

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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

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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

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.