
Cheap Apartments for Rent in Pennville, IN from $300 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Pennville.


BECKFORD PLACE APARTMENTS

River Landing Apartments

Thomas Jefferson Park

Applegate

The Cedars

Maple Leaf Apartments

201 S 2nd St

802 1/2 N Mulberry St

104 W High St
Pennville, IN Local Guide

How much does it cost to rent an apartment in Pennville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Pennville Studio Apartments | $704 | $500 | $879 |
Pennville 1 Bedroom Apartments | $928 | $357 | $1,800 |
Pennville 2 Bedroom Apartments | $1,011 | $650 | $1,650 |
Pennville 3 Bedroom Apartments | $1,004 | $539 | $1,433 |
Pennville 4 Bedroom Apartments | $515 | $385 | $639 |
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Pennville, IN Local Guide
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Cheapest Available Pennville Apartments for Rent and Nearby
 The cheapest available apartment rental in Pennville, IN is a 2 Beds unit found at Historic Gallatin Square priced from $357. University Village in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $385. Here is today’s list of the most affordable Pennville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Gallatin Square | Two Bedroom | 2BR,1BA | $357 |
University Village | 4BD/2BA Unfurnished Premium | 4BR,2BA | $385 |
The Haven | 4x4 | 4BR,4BA | $510 |
Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
River Landing Apartments | 1 Bed, 1 bath | 1BR,1BA | $600 |
Best Value Apartments for Rent in Pennville, IN and Nearby
As of March 26, 2025 the best value apartment in the Pennville area is the $0.67 price per square foot 2BR/1.5BA Model at HIGHLAND NORTH TOWNHOUSES in the starting from $1,000. The second greatest value Pennville apartment is the 2BD/2BA Furnished Premium Model at University Village starting at $809 with a $0.62 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Pennville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
HIGHLAND NORTH TOWNHOUSES | 2BR/1.5BA | 2BR,1.5BA | $0.67 |
University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
Granton Place Apartments | 2BR/1.0BA | 2BR,1BA | $0.73 |
FIELDCREST APARTMENTS | 2 bedroom | 2BR,1BA | $0.88 |
The Latitude | 2 Bed 2 Bath Apartment - Premium | 2BR,2BA | $1.09 |
Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.88 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Fox Brook Apartments | 1x1 | 1BR,1BA | $1.24 |
River Landing Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.21 |
Historic Gallatin Square | One Bedroom | 1BR,1BA | $0.71 |
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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 Cheap Pennville Apartments
What is the Cheapest Studio apartment in Pennville?
Currently the most affordable Cheap Studio Apartment in Pennville is at Applegate listed at $679.
How much is rent for a Cheap One Bedroom Pennville Apartment?
The lowest price for a Cheap One Bedroom Pennville Apartment is $357 at Historic Gallatin Square.
What is the lowest price for a Cheap Two Bedroom Pennville Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Pennville is starting from $357 at Historic Gallatin Square.
What is the most affordable Pennville Three Bedroom Apartment?
The best deal on a cheap Pennville Three Bedroom Apartment rental is at University Village and starts from $539.
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.

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.

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.

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.

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.