
Cheap Apartments for Rent in Selma, IN from $300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Selma.


River Landing Apartments

Hoosier Woods Apartments

Bay Terrace Apartments

The Cedars

2207 E 9th St

1225 S Franklin St

802 1/2 N Mulberry St
Selma, IN Local Guide

How much does it cost to rent an apartment in Selma?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Selma Studio Apartments | $749 | $650 | $879 |
Selma 1 Bedroom Apartments | $913 | $376 | $1,800 |
Selma 2 Bedroom Apartments | $1,043 | $459 | $1,985 |
Selma 3 Bedroom Apartments | $1,139 | $539 | $2,515 |
Selma 4 Bedroom Apartments | $553 | $385 | $1,167 |
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Selma, IN Local Guide
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Cheapest Available Selma Apartments for Rent and Nearby
 The cheapest available apartment rental in Selma, IN is a 1 Bed unit found at Grand Avenue Commons priced from $376. 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 Selma apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $376 |
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 Selma, IN and Nearby
As of April 03, 2025 the best value apartment in the Selma 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 Selma apartment is the 2 Bed 2 Bath Apartment - Premium Model at The Latitude starting at $999 with a $1.09 price per square foot in the School neighborhood. Here is today’s list of the best values for Selma 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 |
The Latitude | 2 Bed 2 Bath Apartment - Premium | 2BR,2BA | $1.09 |
Liberty Lofts | 2BR/1.0BA | 2BR,1BA | $1.35 |
Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.88 |
Hoosier Woods Apartments | 1x1 60% | 1BR,1BA | $1.05 |
Grand Avenue Commons | 1 Bed, 1 bath | 1BR,1BA | $0.54 |
6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
Fox Brook Apartments | 1x1 | 1BR,1BA | $1.32 |
River Landing Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.21 |
The Haven | 2x2 | 2BR,2BA | $1.33 |
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Getting Around Selma, IN
Walk Score®
3 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
25 / 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 Selma Apartments
What is the Cheapest Studio apartment in Selma?
Currently the most affordable Cheap Studio Apartment in Selma is at Applegate listed at $679.
How much is rent for a Cheap One Bedroom Selma Apartment?
The lowest price for a Cheap One Bedroom Selma Apartment is $376 at Grand Avenue Commons.
What is the lowest price for a Cheap Two Bedroom Selma Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Selma is starting from $459 at Grand Avenue Commons.
What is the most affordable Selma Three Bedroom Apartment?
The best deal on a cheap Selma 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.