201 S 2nd St
DunkirkIN47336
Cheap Homes for Rent in Pennville, IN from $500 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Pennville.
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.
210 W Franklin St
WinchesterIN47394
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.
202 N Meridian St
PortlandIN47371
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.
802 1/2 N Mulberry St
MuncieIN47305
528 E Kohlmetz St
MuncieIN47303
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Pennville, IN Local Guide
Pennville by Chris Flook is licensed under CC BY 4.0
How much does it cost to rent a home in Pennville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Pennville 2 Bedroom Homes for Rent | $986 | $575 | $1,300 |
| Pennville 3 Bedroom Homes for Rent | $3,740 | $925 | $10,000+ |
| Pennville 4 Bedroom Homes for Rent | $1,246 | $1,180 | $1,400 |
Browse Top Homes for Rent in Pennville
Explore Pennville
Pennville, IN Local Guide
- Nearby Cities
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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. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $510. 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 |
| The Haven | 4x4 | 4BR,4BA | $510 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $549 |
Best Value Apartments for Rent in Pennville, IN and Nearby
As of May 13, 2025 the best value apartment in the Pennville area is the $0.86 price per square foot 2 bedroom Flats Model at Granton Place Apartments in the starting from $850. 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. |
|---|---|---|---|
| Granton Place Apartments | 2 bedroom Flats | 2BR,1BA | $0.86 |
| FIELDCREST APARTMENTS | 2 bedroom | 2BR,1BA | $0.88 |
| Aspen/Snowmass Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.31 |
| OAK TERRACE APARTMENTS | 2 bedroom 1.5 bath townhome | 2BR,1.5BA | $1.01 |
| 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 |
| Turnberry Square Apartments | 2 bed/2 bath | 2BR,2BA | $1.19 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| Orchard Apartments | 2 Bedroom Standard | 2BR,1BA | $1.31 |
| 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 42 Apartments for Rent in Pennville, IN with pricing that ranges from $350 to $1,800. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Pennville ranging from $575 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 $575 to $21,950 with an average monthly rent of $1,697.
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 $925 to $21,950. Four Bedroom Single-Family rentals are also available starting from $1,180 and Four Bedroom Apartments start at $350.
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.
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.
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.
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.
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.