Cheap Homes for Rent in Downtown Muncie Neighborhood of Muncie, IN from $400 (21 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Muncie area of Muncie.

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Downtown Muncie, Muncie, IN Local Guide

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 ListingModel NameBed/BathPriced From
The Haven4x44BR,4BA$510
Kensington Apartments1/1 B1BR,1BA$663
Wilson School Apartments1 Bed 1 Bath1BR,1BA$675
ApplegateStudioStudio,1BA$704
Orchard Apartments2 Bedroom Standard2BR,1BA$789

Best Value Apartments for Rent in Downtown Muncie, IN

As of April 29, 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 3 Bed 2 Bath Apartment - Premium Model at The Latitude starting at $1,175 with a $1.00 price per square foot in the School neighborhood. Here is today’s list of the best values for Downtown Muncie apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1523 E Jackson St, Unit 1523 E Jackson St APT 11523 E Jackson St2BR,1BA$1.00
The Latitude3 Bed 2 Bath Apartment - Premium3BR,2BA$1.00
District on Wayne3 Bedroom 2 Bathroom - Renovated3BR,2BA$0.90
Aspen/Snowmass Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.31
Liberty Lofts2BR/1.0BA2BR,1BA$1.41
Charles Commons2BR/1.0BA2BR,1BA$1.47
Orchard Apartments2 Bedroom Standard2BR,1BA$1.31
2307 S Madison St, Unit Apt #32307 S Madison St1BR,1BA$1.20
Wilson School Apartments1 Bed 1 Bath1BR,1BA$1.32
The Haven2x22BR,2BA$1.33

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Frequently Asked Questions about Downtown Muncie

What type of rentals are currently available in Downtown Muncie?

There are currently 134 Apartments for Rent in Downtown Muncie, IN with pricing that ranges from $385 to $1,775. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Muncie ranging from $405 to $2,250.

What is the current price range for Rental Homes in Downtown Muncie?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Muncie ranges from $405 to $2,250 with an average monthly rent of $1,295.

How much are larger Three and Four Bedroom Rentals in Downtown Muncie?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Muncie range from $539 to $1,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,200 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.

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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.

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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.

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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.