Cheap Homes for Rent in South Muncie Neighborhood of Muncie, IN from $500 (22 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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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
Orchard Apartments2 Bedroom Standard2BR,1BA$789
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 May 12, 2025 the best value apartment in the South Muncie area is the $1.00 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 $1,400. The second greatest value South Muncie apartment is the 3 Bedroom 2 Bathroom - Renovated Model at District on Wayne starting at $995 with a $0.90 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$1.00
District on Wayne3 Bedroom 2 Bathroom - Renovated3BR,2BA$0.90
Riverbend FlatsThe Ripple 60%2BR,1BA$1.04
Beacon Hill3.1d3BR,1BA$1.74
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
Orchard Apartments2 Bedroom Standard2BR,1BA$1.31
District on BethelFully Renovated!1BR,1BA$1.48
Wilson School Apartments1 Bed 1 Bath1BR,1BA$1.32
Kensington Apartments1/1 B1BR,1BA$1.53

Quick Rent Budget Calculator

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Frequently Asked Questions about South Muncie

What type of rentals are currently available in South Muncie?

There are currently 142 Apartments for Rent in South Muncie, IN with pricing that ranges from $600 to $1,800. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Muncie ranging from $525 to $2,250.

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 $525 to $2,250 with an average monthly rent of $1,340.

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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.