401 N Monroe St
MuncieIN47305
Cheap Homes for Rent in Selma, IN from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Selma.
115 E Willard St
MuncieIN47302
219 E Willard St
MuncieIN47302
1307 S Ebright St
MuncieIN47302
1019 N Macedonia Ave
MuncieIN47303
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.
6304 E Piccadilly Rd
MuncieIN47303
6309 E Piccadilly Rd
MuncieIN47303
3425 S Dayton Ave
MuncieIN47302
1414 E Highland Ave
MuncieIN47303
206 W 13th St
MuncieIN47302
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.
Showing Results 1-10, Page 1 of 1
Selma, IN Local Guide
Main street by Chris Flook is licensed under CC BY 4.0
How much does it cost to rent a home in Selma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Selma 2 Bedroom Homes for Rent | $1,088 | $825 | $1,400 |
| Selma 3 Bedroom Homes for Rent | $1,250 | $750 | $1,699 |
| Selma 4 Bedroom Homes for Rent | $1,532 | $1,100 | $1,777 |
| Selma 6 Bedroom Homes for Rent | $2,125 | $2,125 | $2,125 |
Browse Top Homes for Rent in Selma
Explore Selma
Selma, IN Local Guide
- Nearby Cities
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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. 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 Selma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $514 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $599 |
Best Value Apartments for Rent in Selma, IN and Nearby
As of April 24, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Crestwood MHC | The Pulse 5628 | 3BR,2BA | $0.96 |
| Golden Pebble Estates | Prime FHB | 3BR,2BA | $0.89 |
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $0.39 |
| Delaware Acres | RA 1672 | 3BR,2BA | $1.00 |
| Silvertree Communities | Everbrook Townhomes | 2BR,1.5BA | $0.70 |
| Hoosier Woods | 2X2 60% | 2BR,2BA | $1.13 |
| Grand Avenue Commons | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.89 |
| Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.90 |
| Eaton Residence | *Newly Renovated* Premium Style 2-Bedroom Apart... | 2BR,1BA | $1.11 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $1.08 |
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.
Read Article
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.
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 ArticleCash 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.
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.
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Explore Selma, IN Rentals by Map
See the most popular apartments and homes in Selma, IN
Frequently Asked Questions about Selma
What type of rentals are currently available in Selma?
There are currently 52 Apartments for Rent in Selma, IN with pricing that ranges from $305 to $1,800. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Selma ranging from $550 to $2,125.
What is the current price range for Rental Homes in Selma?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Selma ranges from $550 to $2,125 with an average monthly rent of $1,321.
How much are larger Three and Four Bedroom Rentals in Selma?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Selma range from $305 to $1,499, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,699. 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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.
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.
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.