Cheap Apartments for Rent in the Downtown Muncie Neighborhood of Muncie, IN from $300 (13 Rentals)
Cheap Apartments in the Downtown Muncie area of Muncie.

River Landing Apartments

1714 W Adams St

The Cedars
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.
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.
Downtown Muncie, Muncie, IN Local Guide

How much does it cost to rent an apartment in Downtown Muncie?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Muncie Studio Apartments | $722 | $704 | $755 |
Downtown Muncie 1 Bedroom Apartments | $853 | $600 | $1,150 |
Downtown Muncie 2 Bedroom Apartments | $1,014 | $670 | $1,580 |
Downtown Muncie 3 Bedroom Apartments | $904 | $539 | $1,175 |
Downtown Muncie 4 Bedroom Apartments | $481 | $350 | $610 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Downtown Muncie Neighborhood of Muncie, IN.
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Downtown Muncie, Muncie, IN Local Guide
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Cheapest Available Downtown Muncie Apartments for Rent
 The cheapest available apartment rental in the Downtown Muncie area of Muncie, IN is a 4 Beds unit found at The Haven priced from $510. Kensington Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $663. Here are the most affordable Downtown Muncie apartments for rent in Muncie, IN:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Haven | 4x4 | 4BR,4BA | $510 |
Kensington Apartments | 1/1 B | 1BR,1BA | $663 |
Wilson School Apartments | 1 Bed 1 Bath | 1BR,1BA | $675 |
Applegate | Studio | Studio,1BA | $704 |
Orchard Apartments | 2 Bedroom Standard | 2BR,1BA | $789 |
Best Value Apartments for Rent in Downtown Muncie, IN
As of May 04, 2025 the best value apartment in the Downtown Muncie area is the $1.00 price per square foot 1523 E Jackson St Model at 1523 E Jackson St, Unit 1523 E Jackson St APT 1 in the in the South Muncie neighborhood starting from $1,400. The second greatest value Downtown Muncie apartment is the 2BD/2BA Furnished Premium Model at University Village starting at $810 with a $0.62 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Downtown Muncie apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1523 E Jackson St, Unit 1523 E Jackson St APT 1 | 1523 E Jackson St | 2BR,1BA | $1.00 |
University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
District on Wayne | 3 Bedroom 2 Bathroom - Renovated | 3BR,2BA | $0.90 |
Aspen/Snowmass Townhomes | 2 Bed 1.5 Bath | 2BR,1.5BA | $1.31 |
The Latitude | 2 Bed 2 Bath Apartment - Premium | 2BR,2BA | $1.09 |
Orchard Apartments | 2 Bedroom Standard | 2BR,1BA | $1.31 |
District on Bethel | Fully Renovated! | 1BR,1BA | $1.48 |
Wilson School Apartments | 1 Bed 1 Bath | 1BR,1BA | $1.32 |
The Haven | 2x2 | 2BR,2BA | $1.33 |
Kensington Apartments | 1/1 B | 1BR,1BA | $1.53 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Muncie, Muncie, IN
Ranked #3
Among neighborhoods in Muncie, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown Muncie, Muncie, IN
School data provided by Great Schools
Getting Around the Downtown Muncie Neighborhood in Muncie, IN
Walk Score®
72 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
76 / 100
Very Bikeable
Biking is convenient for most trips
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 Downtown Muncie Apartments
What is a cheap apartment in Downtown Muncie?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Muncie is under $995.
What is the price of a cheap apartment in Downtown Muncie?
The cheapest apartment in Downtown Muncie is Kensington Apartments which is listed at $663, while the average apartment in Downtown Muncie costs $1,775.
What types of apartments are the cheapest in Downtown Muncie?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 14 regular apartments in Downtown Muncie that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Muncie?
Cheap apartments in Downtown Muncie have an average cost of $367 which is $1,408 cheaper than the average rent for all rentals in Downtown Muncie.
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.

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.

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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.

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.