1225 S Franklin St
MuncieIN47302
Cheap Homes for Rent in Selma, IN from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Selma.
802 1/2 N Mulberry St
MuncieIN47305
1205 S Blaine St
MuncieIN47302
528 E Kohlmetz St
MuncieIN47303
1920 N Wolfe St
MuncieIN47303
302 W 6th St
MuncieIN47302
2304 S Pershing Dr
MuncieIN47302
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.
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Selma, IN Local Guide
Main street by Chris Flook is licensed under CC BY 4.0
How much does it cost to rent a home in Selma?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Selma 2 Bedroom Homes for Rent | $1,013 | $775 | $1,300 |
| Selma 3 Bedroom Homes for Rent | $1,169 | $750 | $1,600 |
| Selma 4 Bedroom Homes for Rent | $1,350 | $1,100 | $1,600 |
Browse Top Homes for Rent in Selma
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Selma, IN Local Guide
- Nearby Cities
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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 |
Best Value Apartments for Rent in Selma, IN and Nearby
As of April 19, 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 1.5 Bath Model at Aspen/Snowmass Townhomes starting at $1,245 with a $1.31 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 |
| Aspen/Snowmass Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.31 |
| Hoosier Woods Apartments | 2x2 60% | 2BR,2BA | $0.99 |
| 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 |
| Jamestown Village | James Madison | 2BR,1BA | $1.22 |
| Canterbury Townhomes | 2x1.5 R | 2BR,1.5BA | $1.27 |
| 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 |
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Frequently Asked Questions about Selma
What type of rentals are currently available in Selma?
There are currently 40 Apartments for Rent in Selma, IN with pricing that ranges from $376 to $2,515. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Selma ranging from $595 to $1,600.
What is the current price range for Rental Homes in Selma?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Selma ranges from $595 to $1,600 with an average monthly rent of $1,091.
How much are larger Three and Four Bedroom Rentals in Selma?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Selma range from $539 to $2,515, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,100 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 and 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.