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Apartments Under $500 in Muncie, IN

1 - 5 of 5 Results
17
$429
Riverbend Flats
3508 E Memorial Dr Muncie, IN
3 BR | May. 23, 2026
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Fitness Center
18
$407 - 455
Silvertree Communities
2720 N Silvertree Ln Muncie, IN
1 - 2 BR | Aug. 20, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Fitness Center
31
$449 - 499
PER
ROOM
University Village
4500 W Bethel Ave Muncie, IN
4 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Air Conditioning
1
$500
1413 W University
Muncie, IN
Studio | Aug. 14, 2026
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
1
$410
100 S College Ave
Muncie, IN
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1 - 5 of 5 Results
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Frequently Asked Questions

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

There are 5 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 21 one-bedroom apartments under $500 available for rent in Muncie.

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

Rentable.co has 176 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 $17,000.

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

Welcome to the May 2026 Muncie Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 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 5 10 15 20 <$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 $760, with the majority falling between $600 and $1,030. Out of the 656 one-bedroom apartments currently on the market in Muncie, 21 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
9
In May 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 5. 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 May M/M % Change
Muncie, IN 10 +0.88%

Looking for Apartments Under $500 in Muncie?

Available apartments under $500 786
Top amenities Fitness Center, Air Conditioning, Dishwasher, In Unit Laundry, Pool
Deals 7
Pet friendly 20
Utilities included 3
Furnished 9
1 Bedroom 4
2 Bedroom 5
4 Bedroom 7
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