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Apartments Under $500 in Muncie, IN

1 - 7 of 7 Results
1
$499
626-628 W Main St
626 W Main St Muncie, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
42
$449 - 493
PER
ROOM
University Village
4500 W Bethel Ave Muncie, IN
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
18
$407 - 455
Silvertree Communities
2720 N Silvertree Ln Muncie, IN
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
25
$ Ask - 875
Muncie, 703 W Adams St
703 W Adams St Muncie, IN
1 BR | Available Now
Contact
1
$500
1413 W University
Muncie, IN
Studio | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
6
$ Ask - 775
316 S Monroe St
Muncie, IN
1 BR | Sep. 27, 2026
Contact
1
$410
100 S College Ave
Muncie, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1 - 7 of 7 Results
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  2. Muncie
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Muncie, IN on Rentable.co?

There are 7 apartments under $500 in Muncie currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Muncie?

Rentable.co has 372 studio apartments under $500 available for rent in Muncie.

How many one-bedroom apartments under $500 are available in Muncie?

Rentable.co has 25 one-bedroom apartments under $500 available for rent in Muncie.

How many two-bedroom apartments under $500 are available in Muncie?

Rentable.co has 168 two-bedroom apartments under $500 available for rent in Muncie.

Can I afford a apartment under $500 in Muncie, IN?

To comfortably afford a apartment under $500 in Muncie based on average rent prices, a household would need an annual income of $18,000.

Apartments Under $500 in Muncie, IN: September Rental Information

Welcome to the September 2026 Muncie Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the September 2026 key findings and figures for the Muncie rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Muncie and surrounding areas. This summary also provides insight into available features and amenities, as well as location options for apartments under $500 in Muncie. Whether you're a student looking for affordable housing near Ball State University or a professional on a tight budget, this report will help you navigate the rental market in Muncie.
0 10 20 30 40 <$600 $620 $660 $700 $740 $780 $820 $860 $900 $940 $980 $1,020 $1,060 >$1,100
This month, the typical cost to rent a one-bedroom apartment in Muncie stands at $780, with the majority falling between $550 and $1,070. Out of the 689 one-bedroom apartments currently on the market in Muncie, 24 are priced below $500, accounting for 3% of the total available one-bedroom units in Muncie.

Available Apartments Under $500: Muncie vs. Surrounding Areas

Muncie, IN
6
In September 2026, there are a variety of affordable apartments available for rent in Muncie, IN and the surrounding cities. Muncie itself offers a wide selection of apartments under $500, with a total inventory of 7. Additionally, there are several nearby cities such as Anderson, Pendleton, Hartford City, Albany, New Castle, Winchester, Knightstown, Redkey, Shirley, Lynn, Portland, Dublin, Montpelier, Hagerstown, Yorktown, and Chesterfield that also have a number of affordable rental options. Whether you are a student, young professional, or someone on a tight budget, these cities provide a range of choices for those seeking affordable housing in the Muncie, IN metro area.

Apartments Under $500 Now vs. Last Month: Muncie and Surrounding Areas

City Apartments Under $500 in September M/M % Change
Muncie, IN 7 +0.92%
Anderson, IN 1 0.0%

Looking for Apartments Under $500 in Muncie?

Available apartments under $500 792
Top amenities Fitness Center, Air Conditioning, Dishwasher, In Unit Laundry, Pool
Deals 2
Pet friendly 14
Utilities included 3
Furnished 4
1 Bedroom 4
2 Bedroom 6
3 Bedroom 2
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