Cheap Homes for Rent in Muncie, IN from $500 (25 Rentals)

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Muncie, IN Local Guide

Cheapest Neighborhoods for Apartments in Muncie, IN

Pricing Updated: 04/06/2025

Current apartment rentals in the Muncie, IN area range in price from $385 to $2,515 with an overall median price of $1,630. The three Muncie neighborhoods with the lowest median rent pricing are Westacres at $385, Downtown Muncie at $385, and North Muncie at $385. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Muncie Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Westacres$1,050$38545
Downtown Muncie$1,775$38576
North Muncie$1,775$385100
School$1,775$59554
South Muncie$1,775$59534

Cheapest Available Muncie Apartments for Rent

 

The cheapest available apartment rental in Muncie, IN is a 4 Beds unit found at University Village in the Westacres neighborhood priced from $385. 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 Muncie apartments for rent:

Apartment ListingModel NameBed/BathPriced From
University Village4BD/2BA Unfurnished Premium4BR,2BA$385
The Haven4x44BR,4BA$510
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$549
Kensington Apartments1/1 B1BR,1BA$663
Wilson School Apartments1 Bed 1 Bath1BR,1BA$675

Best Value Apartments for Rent in Muncie, IN

As of April 06, 2025 the best value apartment in the Muncie area is the $0.63 price per square foot 208 S Walnut St Model at 208 S Walnut St, Unit 208 in the in the School neighborhood starting from $875. The second greatest value Muncie apartment is the 1523 E Jackson St Model at 1523 E Jackson St, Unit 1523 E Jackson St APT 1 starting at $1,500 with a $1.07 price per square foot in the South Muncie neighborhood. Here is today’s list of the best values for Muncie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
208 S Walnut St, Unit 208208 S Walnut St2BR,1BA$0.63
1523 E Jackson St, Unit 1523 E Jackson St APT 11523 E Jackson St3BR,1BA$1.07
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
District on Wayne3 Bedroom 2 Bathroom - Renovated3BR,2BA$1.09
4614 W Garver Dr, Unit 46144614 W Garver Dr2BR,1BA$0.97
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.88
Canterbury Townhomes2x1.5 R2BR,1.5BA$1.32
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
Fox Brook Apartments1x11BR,1BA$1.32

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Frequently Asked Questions about Muncie

What type of rentals are currently available in Muncie?

There are currently 176 Apartments for Rent in Muncie, IN with pricing that ranges from $385 to $1,800. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Muncie ranging from $525 to $2,800.

What is the current price range for Rental Homes in Muncie?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Muncie ranges from $525 to $2,800 with an average monthly rent of $1,521.

How much are larger Three and Four Bedroom Rentals in Muncie?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Muncie range from $539 to $1,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,515. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $385.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.