Cheap Apartments for Rent in Pennville, IN from $300 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in Pennville.

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.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Pennville, IN Local Guide

Cheapest Available Pennville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Pennville, IN is a 1 Bed unit found at Historic Gallatin Square Senior Apartments priced from $357. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $510. Here is today’s list of the most affordable Pennville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Gallatin Square Senior ApartmentsOne Bedroom1BR,1BA$357
The Haven4x44BR,4BA$510
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$549
ApplegateStudioStudio,1BA$720
Orchard Apartments2 Bedroom Standard2BR,1BA$789

Best Value Apartments for Rent in Pennville, IN and Nearby

As of June 12, 2025 the best value apartment in the Pennville area is the $0.82 price per square foot Apartment 2bd Model at BECKFORD PLACE APARTMENTS in the starting from $800. The second greatest value Pennville apartment is the Two Bedroom Model at Historic Gallatin Square Senior Apartments starting at $976 with a $1.00 price per square foot . Here is today’s list of the best values for Pennville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
BECKFORD PLACE APARTMENTSApartment 2bd2BR,1BA$0.82
Historic Gallatin Square Senior ApartmentsTwo Bedroom2BR,1BA$1.00
Aspen/Snowmass Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.31
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.15
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.89
424 Lofts1 bedroom1BR,1BA$1.00
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
Forest Oaks Apartments1 Bed 1 Bath (Down)1BR,1BA$1.27
Orchard Apartments2 Bedroom Standard2BR,1BA$1.31
The Haven2x22BR,2BA$1.33

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

Explore Pennville, IN Rentals by Map

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See the most popular apartments and homes in Pennville, IN

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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

What is the Cheapest Studio apartment in Pennville?

Currently the most affordable Cheap Studio Apartment in Pennville is at Applegate listed at $720.

How much is rent for a Cheap One Bedroom Pennville Apartment?

The lowest price for a Cheap One Bedroom Pennville Apartment is $357 at Historic Gallatin Square Senior Apartments.

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 $670 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 $545.

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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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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.