Cheap Apartments for Rent in Pennville, IN from $300 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in Pennville.

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Pennville, IN Local Guide

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 $439. Here is today’s list of the most affordable Pennville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Gallatin SquareTwo Bedroom2BR,1BA$357
University Village4BD/2BA Unfurnished Premium4BR,2BA$439
The Haven4x44BR,4BA$499
Yugo Muncie Varsity House3 Bed, 3 Bath Classic Renovated3BR,3BA$549
River Landing Apartments1 Bed, 1 bath1BR,1BA$600

Best Value Apartments for Rent in Pennville, IN and Nearby

As of February 15, 2025 the best value apartment in the Pennville area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value Pennville apartment is the 2x1 Model at Woods Edge starting at $935 with a $0.94 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 ListingModel NameBed/BathPrice Per Sq.Ft.
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
Woods Edge2x12BR,1BA$0.94
FIELDCREST APARTMENTS2 bedroom2BR,1BA$0.88
Historic Gallatin SquareTwo Bedroom2BR,1BA$0.37
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
Walnut Manor ApartmentsWM 2x1.5 R2BR,1.5BA$1.18
Yugo Muncie Varsity House2 Bed, 2 Bath Renovated2BR,2BA$0.88
Granton Place Apartments1 bedroom1BR,1BA$0.88
Jefferson Place Villas2- Bedrooom- Country Squire2BR,1BA$1.17
6301 W Kilgore Ave1 Bed, 1 Bath1BR,1BA$1.18

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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 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 $689.

How much is rent for a Cheap One Bedroom Pennville Apartment?

The lowest price for a Cheap One Bedroom Pennville Apartment is $600 at River Landing Apartments.

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.

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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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.