2 Bedroom Apartments for Rent in Pennville, IN (48 Rentals)

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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

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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White Range Crossing
2 Bedroom Apartments

White Range Crossing

701 S Western AvePortland, IN 47371
  • Utilities Included
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Fox Brook Apartments
2 Bedroom Apartments

Fox Brook Apartments

4000 N Walnut StMuncie, IN 47303
  • Utilities Included
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Yugo Muncie Varsity House
2 Bedroom Apartments

Yugo Muncie Varsity House

3015 N Oakwood AveMuncie, IN 47304
Student Housing
  • Utilities Included
Showing Results 1-48, Page 1 of 1

Pennville, IN Local Guide

Largest Available Pennville and Nearby 2 Bedroom Apartments

The largest available 2 Bedroom apartment unit in Pennville, IN is found at Premier Flats and is 1,157 square feet priced from $1,449. Colonial Crest Apartments in the Westacres neighborhood has the second largest 2 Bedroom, which is sized at 1,125 square feet and currently listed start at $1,100. Here is today’s list of the largest available 2 Bedroom units in Pennville:

Apartment ListingModel NameSquare FootagePriced From
Premier FlatsThe Wells1,157 Sq Ft$1,449
Colonial Crest ApartmentsTwo Bedroom Townhouse1,125 Sq Ft$1,100
Granton Place Apartments2 bedroom Flats992 Sq Ft$850
FIELDCREST APARTMENTS2 bedroom989 Sq Ft$875
Historic Gallatin SquareTwo Bedroom974 Sq Ft$357
Aspen/Snowmass Townhomes2 Bed 1.5 Bath950 Sq Ft$1,245
OAK TERRACE APARTMENTS2 bedroom 1.5 bath townhome940 Sq Ft$950
The Latitude2 Bed 2 Bath Apartment - Premium915 Sq Ft$999
Walnut Manor ApartmentsWM 2x1.5 R910 Sq Ft$1,120
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated850 Sq Ft$749

Cheapest Available Pennville and Nearby 2 Bedroom Apartments

As of May 14, 2025 the lowest priced 2 Bedroom apartment unit in Pennville, IN is the Two Bedroom Model starting from $357 at Historic Gallatin Square . The second most affordable Pennville 2 Bedroom is the 2x2 Model at The Haven starting at $670 in the Westacres neighborhood. The average price for all 2 Bedroom apartments in Pennville is currently $1,032. Here is today’s list of the cheapest available 2 Bedroom options in Pennville:

Apartment ListingModel NamePriced From
Historic Gallatin SquareTwo Bedroom$357
The Haven2x2$670
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated$749
Orchard Apartments2 Bedroom Standard$789
Granton Place Apartments2 bedroom Flats$850
FIELDCREST APARTMENTS2 bedroom$875
Turnberry Square Apartments2 bed/2 bath$915
OAK TERRACE APARTMENTS2 bedroom 1.5 bath townhome$950
Colonial Crest ApartmentsStandard Two Bedroom$970
The Latitude2 Bed 2 Bath Apartment - Premium$999

Quick 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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Pennville, IN Rentals by Map

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See the most popular apartments and homes in Pennville, IN

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Getting Around Pennville, IN

Walk Score®

7 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

30 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about 2 Bedroom Pennville Apartments

What is the Cheapest apartment in Pennville with 2 Bedroom?

Currently the most affordable 2 Bedroom in Pennville is at Historic Gallatin Square listed at $357.

How much is the average rent for a 2 Bedroom Pennville Apartment?

The average rent for a 2 Bedroom Apartment in Pennville is $1,032.

What is the largest available 2 Bedroom Pennville Apartment for rent?

Today's apartment with the most square footage in Pennville is a 1,157 square feet unit starting from $1,449 at Premier Flats.

What is the average size for Pennville 2 Bedroom Apartments for rent?

The average size for a 2 Bedroom rental in Pennville is currently 952 sq ft.

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.