
Cheap Homes for Rent in Pennville, IN from $600 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Pennville.


802 1/2 N Mulberry St

2300 E Memorial Dr

822 W Bethel Ave

202 N Meridian 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.

203 W Race St

740 E State St

745 N Mulberry St

2017 E Wabash Ave

78 S Amanda St
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.

723 N Reserve St

202 N Plum St

1402 E Willard St

2017 S Waldemere Ave

610 E Dunn Ave
Cash 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.
Pennville, IN Local Guide

How much does it cost to rent a home in Pennville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennville 2 Bedroom Homes for Rent | $968 | $675 | $1,295 |
| Pennville 3 Bedroom Homes for Rent | $2,873 | $649 | $10,000+ |
| Pennville 4 Bedroom Homes for Rent | $1,325 | $1,300 | $1,350 |
| Pennville 5 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
Browse Top Homes for Rent in Pennville
Explore Pennville
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 4 Beds unit found at The Haven in the Westacres neighborhood priced from $530. Yugo Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $569. Here is today’s list of the most affordable Pennville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Haven | 4x4 | 4BR,4BA | $530 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $569 |
| Applegate | Studio | Studio,1BA | $640 |
| Maple Leaf Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
| The Cedars | The Cedars - Large 1 Bed/1 Bath Remodeled - $20... | 1BR,1BA | $749 |
Best Value Apartments for Rent in Pennville, IN and Nearby
As of November 08, 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 |
| PINE GROVE APARTMENTS | 3 BED 2 BATH | 3BR,2BA | $0.89 |
| Welcome to the Fieldcrest Apartments! | 2 bedroom | 2BR,1BA | $0.91 |
| 55+ Historic Gallatin Square Senior | Two Bedroom | 2BR,1BA | $1.06 |
| Delaware Acres | Pulse 6016 | 2BR,2BA | $1.04 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.90 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| Silvertree Communities | Silvertree 2bd | 2BR,1BA | $0.66 |
| Come home to Granton Place today! | 1 bedroom | 1BR,1BA | $0.98 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Pennville, IN
Frequently Asked Questions about Pennville
What type of rentals are currently available in Pennville?
There are currently 49 Apartments for Rent in Pennville, IN with pricing that ranges from $350 to $1,846. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennville ranging from $600 to $21,950.
What is the current price range for Rental Homes in Pennville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennville ranges from $600 to $21,950 with an average monthly rent of $1,379.
How much are larger Three and Four Bedroom Rentals in Pennville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Pennville range from $350 to $1,617, while Three Bedroom Homes, Condos, and Townhomes for rent range from $649 to $21,950. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $350.
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.

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.

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.