501 N Main St
DunkirkIN47336
Cheap Homes for Rent near Pennville, IN from $550 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Pennville.
216 S 2nd St
DunkirkIN47336
244 S Mann Ave
AlbanyIN47320
302 N Meridian St
PortlandIN47371
801-D W Riverside Ave
MuncieIN47303
801-B W Riverside Ave
MuncieIN47303
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
408 E North St
WinchesterIN47394
909 N Brady St
MuncieIN47303
1392 N 200 W
WinchesterIN47394
545 N Broadway St
AlbanyIN47320
300 N Biltmore Ave
MuncieIN47303
2212 N Hollywood Ave
MuncieIN47304
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Pennville, IN Local Guide
Pennville by Chris Flook is licensed under CC BY 4.0
How much does it cost to rent a home in Pennville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennville 2 Bedroom Homes for Rent | $975 | $550 | $1,400 |
| Pennville 3 Bedroom Homes for Rent | $1,262 | $720 | $2,200 |
| Pennville 4 Bedroom Homes for Rent | $1,533 | $1,100 | $1,975 |
| Pennville 5 Bedroom Homes for Rent | $1,955 | $1,550 | $2,125 |
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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 2 Beds unit found at The Lofts at Roberts in the School neighborhood priced from $416. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here is today’s list of the most affordable Pennville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Lofts at Roberts | The Liberty | 2BR,1BA | $416 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| Muncie Varsity House | 3 Bed, 3 Bath Plus | 3BR,3BA | $569 |
| Arrasmith Apartments | Arrasmith, in Downtown Muncie Live a Little More! | 1BR,1BA | $810 |
| City View Townhomes | 2 Bedroom Townhome | 2BR,1BA | $838 |
Best Value Apartments for Rent in Pennville, IN and Nearby
As of September 09, 2026 the best value apartment in the Pennville area is the $0.84 price per square foot 3 Bedroom Townhome Model at Come home to Granton Place today! in the starting from $1,125. The second greatest value Pennville apartment is the 2BD + Den/2BA Unfurnished Premium Model at University Village starting at $779 with a $0.60 price per square foot in the Westacres neighborhood. 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. |
|---|---|---|---|
| Come home to Granton Place today! | 3 Bedroom Townhome | 3BR,1.5BA | $0.84 |
| University Village | 2BD + Den/2BA Unfurnished Premium | 2BR,2BA | $0.60 |
| City View Townhomes | 3 bedroom Townhouse | 3BR,1.5BA | $1.02 |
| PINE GROVE APARTMENTS | 3 BED 2 BATH | 3BR,2BA | $0.89 |
| Cardinal Creek Crossing Apartments | 2BD/1BA | 2BR,1BA | $0.99 |
| Silvertree Communities | Linden Place | 3BR,2BA | $0.41 |
| The Lofts at Roberts | The Liberty | 2BR,1BA | $0.42 |
| Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.67 |
| Labor Center Lofts | 1BR/1.0BA | 1BR,1BA | $1.13 |
| *Newly Renovated* Premium Style 2-4 BD Apartment Home | 2 Beds, 1 bath | 2BR,1BA | $0.94 |
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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Explore Pennville, IN Rentals by Map
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 56 Apartments for Rent in Pennville, IN with pricing that ranges from $340 to $1,800. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennville ranging from $550 to $2,200.
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 $550 to $2,200 with an average monthly rent of $1,259.
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 $340 to $1,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $720 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $449.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.