
Cheap Apartments for Rent in Pennville, IN from $300 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Pennville.


BECKFORD PLACE APARTMENTS

River Landing Apartments
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.

Maple Leaf Apartments
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.

320 1/2 E North St

202 N Meridian St

2300 E Memorial Dr
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.

542 S Wall St

315 W Will St

411 Wheeling Ave
Pennville, IN Local Guide

How much does it cost to rent an apartment in Pennville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Pennville Studio Apartments | $644 | $450 | $900 |
Pennville 1 Bedroom Apartments | $893 | $550 | $1,800 |
Pennville 2 Bedroom Apartments | $977 | $510 | $1,650 |
Pennville 3 Bedroom Apartments | $800 | $350 | $1,438 |
Pennville 4 Bedroom Apartments | $450 | $350 | $550 |
Browse Top Apartments in Pennville
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Pennville, IN Local Guide
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Cheapest Available Pennville Apartments for Rent and Nearby
 The cheapest available apartment rental in Pennville, IN is a Studio unit found at Flats at West End in the School neighborhood priced from $450. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $530. Here is today’s list of the most affordable Pennville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Flats at West End | Studio, 1 bath | Studio,1BA | $450 |
The Haven | 4x4 | 4BR,4BA | $530 |
Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $569 |
BECKFORD PLACE APARTMENTS | Apartment 1bd | 1BR,1BA | $675 |
Maple Leaf Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
Best Value Apartments for Rent in Pennville, IN and Nearby
As of September 21, 2025 the best value apartment in the Pennville area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value Pennville apartment is the 2 Bedroom Model at Thomas Jefferson Park starting at $850 with a $0.77 price per square foot . Here is today’s list of the best values for Pennville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
Thomas Jefferson Park | 2 Bedroom | 2BR,1.5BA | $0.77 |
Granton Place Apartments | 2 bedroom Flats | 2BR,1BA | $0.86 |
Delaware Acres | Pulse 6016 | 2BR,2BA | $1.16 |
OAK TERRACE APARTMENTS | 2 bedroom townhome | 2BR,1BA | $0.96 |
The Latitude Apartments | 2 Bedroom Classic | 2BR,2BA | $1.04 |
Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.89 |
Silvertree Communities | Silvertree 2bd | 2BR,1BA | $0.72 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Maple Leaf Apartments | 1BR/1.0BA | 1BR,1BA | $1.08 |
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Pennville, IN Rentals by Map
See the most popular apartments and homes in Pennville, IN
Getting Around Pennville, IN
Walk Score®
7 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
30 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Pennville Apartments
How much is rent for a Cheap One Bedroom Pennville Apartment?
The lowest price for a Cheap One Bedroom Pennville Apartment is $550 at Flats at West End.
What is the lowest price for a Cheap Two Bedroom Pennville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Pennville is starting from $685 at The Haven.
What is the most affordable Pennville Three Bedroom Apartment?
The best deal on a cheap Pennville Three Bedroom Apartment rental is at The Haven and starts from $565.
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.