
Cheap Homes for Rent in Pennville, IN from $500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in Pennville.


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 a home in Pennville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Pennville 2 Bedroom Homes for Rent | $919 | $550 | $1,300 |
Pennville 3 Bedroom Homes for Rent | $3,184 | $750 | $10,000+ |
Pennville 4 Bedroom Homes for Rent | $1,250 | $1,200 | $1,350 |
Pennville 5 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Browse Top Homes for Rent in Pennville
Explore Pennville
Pennville, IN Local Guide
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Best Value Apartments for Rent in Pennville, IN and Nearby
As of April 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 2 bedroom Model at FIELDCREST APARTMENTS starting at $875 with a $0.88 price per square foot . 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. |
---|---|---|---|
University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
FIELDCREST APARTMENTS | 2 bedroom | 2BR,1BA | $0.88 |
Aspen/Snowmass Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.31 |
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 |
Canterbury Townhomes | 2x1.5 R | 2BR,1.5BA | $1.29 |
Turnberry Square Apartments | 2 bed/2 bath | 2BR,2BA | $1.19 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Fox Brook Apartments | 1x1 | 1BR,1BA | $1.32 |
Historic Gallatin Square | One Bedroom | 1BR,1BA | $0.71 |
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Frequently Asked Questions about Pennville
What type of rentals are currently available in Pennville?
There are currently 41 Apartments for Rent in Pennville, IN with pricing that ranges from $357 to $1,840. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennville ranging from $550 to $21,950.
What is the current price range for Rental Homes in Pennville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Pennville ranges from $550 to $21,950 with an average monthly rent of $1,658.
How much are larger Three and Four Bedroom Rentals in Pennville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Pennville range from $539 to $1,318, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $21,950. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $385.
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.

Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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.