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

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Search the lowest-cost Homes available for rent right now in the South Muncie area of Muncie.

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South Muncie, Muncie, IN Local Guide

Cheapest Available South Muncie Apartments for Rent

 

The cheapest available apartment rental in the South Muncie area of Muncie, IN is a 1 Bed unit found at Kensington Apartments priced from $663. Wilson School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $675. Here are the most affordable South Muncie apartments for rent in Muncie, IN:

Apartment ListingModel NameBed/BathPriced From
Kensington Apartments1/1 B1BR,1BA$663
Wilson School Apartments1 Bed 1 Bath1BR,1BA$675
Colonial Crest ApartmentsUnfurnished StudioStudio,1BA$770
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$799
424 Lofts1 bedroom1BR,1BA$800

Best Value Apartments for Rent in South Muncie, IN

As of April 15, 2025 the best value apartment in the South Muncie area is the $1.07 price per square foot 1523 E Jackson St Model at 1523 E Jackson St, Unit 1523 E Jackson St APT 1 in the in the South Muncie neighborhood starting from $1,500. The second greatest value South Muncie apartment is the 3 Bedroom 2 Bathroom - Renovated Model at District on Wayne starting at $1,200 with a $1.09 price per square foot in the School neighborhood. Here is today’s list of the best values for South Muncie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1523 E Jackson St, Unit 1523 E Jackson St APT 11523 E Jackson St2BR,1BA$1.07
District on Wayne3 Bedroom 2 Bathroom - Renovated3BR,2BA$1.09
Beacon Hill3.1d3BR,1BA$1.74
Liberty Lofts2BR/1.0BA2BR,1BA$1.41
Canterbury Townhomes2x1.5 R2BR,1.5BA$1.27
Charles Commons2BR/1.0BA2BR,1BA$1.47
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18
White River LoftsPRICE DROP White River Lofts - Layout A $350 Gi...1BR,1BA$1.75
District on BethelFully Renovated!1BR,1BA$1.48
Wilson School Apartments1 Bed 1 Bath1BR,1BA$1.32

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Frequently Asked Questions about South Muncie

What type of rentals are currently available in South Muncie?

There are currently 143 Apartments for Rent in South Muncie, IN with pricing that ranges from $595 to $1,800. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Muncie ranging from $595 to $2,800.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Muncie ranges from $595 to $2,800 with an average monthly rent of $1,516.

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.