1500 W 16th St
MuncieIN47302
Cheap Homes for Rent in Selma, IN from $500 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Selma.
3423 S Dayton Ave
MuncieIN47302
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.
803 W Main St
MuncieIN47305
418 W 7th St
MuncieIN47302
1109 E 8th St
MuncieIN47302
826 W Main St
MuncieIN47305
2307 S Jefferson St
MuncieIN47302
1320 E Adams St
MuncieIN47305
10 E Dogwood Dr
MuncieIN47303
1216 S Pershing Dr
MuncieIN47302
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.
2407 S Mulberry St
MuncieIN47302
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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 | $1,042 | $725 | $1,595 |
| Selma 3 Bedroom Homes for Rent | $1,240 | $770 | $1,600 |
| Selma 4 Bedroom Homes for Rent | $1,190 | $1,180 | $1,200 |
Browse Top Homes for Rent in Selma
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Selma, IN Local Guide
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Cheapest Available Selma Apartments for Rent and Nearby
The cheapest available apartment rental in Selma, IN is a 1 Bed unit found at Grand Avenue Commons priced from $376. 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 Selma apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $376 |
| The Haven | 4x4 | 4BR,4BA | $510 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
| Arrasmith Building | 1BR/1.0BA | 1BR,1BA | $700 |
| Applegate | Studio | Studio,1BA | $720 |
Best Value Apartments for Rent in Selma, IN and Nearby
As of June 21, 2025 the best value apartment in the Selma area is the $1.31 price per square foot 2 Bed 1.5 Bath Model at Aspen/Snowmass Townhomes in the in the Westacres neighborhood starting from $1,245. The second greatest value Selma apartment is the 2 Bed 2 Bath Apartment Model at The Latitude starting at $975 with a $1.07 price per square foot in the North Muncie neighborhood. 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. |
|---|---|---|---|
| Aspen/Snowmass Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.31 |
| The Latitude | 2 Bed 2 Bath Apartment | 2BR,2BA | $1.07 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.89 |
| Arrasmith Building | 1BR/1.0BA | 1BR,1BA | $0.84 |
| Cross Lakes Apartments | 1x1WD R-Prem | 1BR,1BA | $1.33 |
| Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $0.54 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| Forest Oaks Apartments | 1 Bed 1 Bath (Down) | 1BR,1BA | $1.27 |
| Orchard Apartments | 2 Bedroom Standard | 2BR,1BA | $1.31 |
| The Haven | 2x2 | 2BR,2BA | $1.33 |
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Frequently Asked Questions about Selma
What type of rentals are currently available in Selma?
There are currently 42 Apartments for Rent in Selma, IN with pricing that ranges from $350 to $2,515. There are also 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Selma ranging from $550 to $1,600.
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 $1,600 with an average monthly rent of $1,090.
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 $539 to $2,515, while Three Bedroom Homes, Condos, and Townhomes for rent range from $770 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,180 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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.
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.
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.