Cheap Apartments for Rent in Selma, IN from $300 (34 Rentals)

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

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.

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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.

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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 Orchard
Studio to 3 Bedroom Apartments

The Orchard

720 W Centennial AveMuncie, IN 47303
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Labor Center Lofts
1 Bedroom Apartments

Labor Center Lofts

1125 S Walnut StMuncie, IN 47302
Corporate Housing
  • Utilities Included

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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Showing Results 1-34, Page 1 of 1

Selma, IN Local Guide

Cheapest Available Selma Apartments for Rent and Nearby

 

The cheapest available apartment rental in Selma, IN is a 4 Beds unit found at University Village in the Westacres neighborhood priced from $514. Flats at West End in the School neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Selma apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Village4BD/2BA Furnished Premium4BR,2BA$514
Flats at West End0BR/1.0BAStudio,1BA$550
The Haven4x44BR,4BA$565
Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$599
ApplegateStudio Open - 288 sqftStudio,1BA$629
The Alan1A 50%1BR,1BA$712
Beckford PlaceOne Bed One Bath1BR,1BA$750
Longfellow Plaza Affordable Senior CommunityStudioStudio,1BA$790
Grand Avenue Commons2 Beds, 1.5 baths2BR,1BA$799
Hoosier Woods3X2 HOME3BR,2BA$803

Best Value Apartments for Rent in Selma, IN and Nearby

As of April 13, 2026 the best value apartment in the Selma area is the $0.96 price per square foot The Pulse 5628 Model at Crestwood MHC in the starting from $1,499. The second greatest value Selma apartment is the Prime FHB Model at Golden Pebble Estates starting at $1,399 with a $0.89 price per square foot . Here is today’s list of the best values for Selma apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Crestwood MHCThe Pulse 56283BR,2BA$0.96
Golden Pebble EstatesPrime FHB3BR,2BA$0.89
University Village4BD/2BA Furnished Premium4BR,2BA$0.39
The Latitude Apartments3x2 Upgrade3BR,2BA$1.02
Freedom Acres MHCMaynardville Classic 723BR,2BA$0.98
Delaware AcresPulse 66163BR,2BA$1.02
Silvertree CommunitiesEverbrook Townhomes2BR,1.5BA$0.70
Grand Avenue Commons2 Beds, 1.5 baths2BR,1.5BA$0.89
Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.90
715 E Race St*Newly Renovated* Premium Style 2-Bedroom Apart...2BR,1BA$1.11

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

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.

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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.

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Quick 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.

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

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Frequently Asked Questions about Cheap Selma Apartments

What is the Cheapest Studio apartment in Selma?

Currently the most affordable Cheap Studio Apartment in Selma is at Flats at West End listed at $550.

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

The lowest price for a Cheap One Bedroom Selma Apartment is $675 at Flats at West End.

What is the lowest price for a Cheap Two Bedroom Selma Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Selma is starting from $720 at The Haven.

What is the most affordable Selma Three Bedroom Apartment?

The best deal on a cheap Selma Three Bedroom Apartment rental is at The Haven and starts from $575.

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 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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.