Cheap Homes for Rent in Downtown Muncie Neighborhood of Muncie, IN from $500 (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 University Village priced from $385. The Haven has the second lowest priced unit, which is a 4 Beds apartment currently listed from $510. Here are the most affordable Downtown Muncie apartments for rent in Muncie, IN:

Apartment ListingModel NameBed/BathPriced From
University Village4BD/2BA Unfurnished Premium4BR,2BA$385
The Haven4x44BR,4BA$510
Kensington Apartments1/1 B1BR,1BA$663
Wilson School Apartments1 Bed 1 Bath1BR,1BA$675
ApplegateStudioStudio,1BA$699

Best Value Apartments for Rent in Downtown Muncie, IN

As of April 08, 2025 the best value apartment in the Downtown Muncie area is the $0.63 price per square foot 208 S Walnut St Model at 208 S Walnut St, Unit 208 in the in the School neighborhood starting from $875. The second greatest value Downtown Muncie apartment is the 1523 E Jackson St Model at 1523 E Jackson St, Unit 1523 E Jackson St APT 1 starting at $1,500 with a $1.07 price per square foot in the South Muncie 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.
208 S Walnut St, Unit 208208 S Walnut St2BR,1BA$0.63
1523 E Jackson St, Unit 1523 E Jackson St APT 11523 E Jackson St3BR,1BA$1.07
University Village2BD/2BA Furnished Premium2BR,2BA$0.62
District on Wayne3 Bedroom 2 Bathroom - Renovated3BR,2BA$1.09
Aspen/Snowmass Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.31
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.09
Liberty Lofts2BR/1.0BA2BR,1BA$1.35
Charles Commons2BR/1.0BA2BR,1BA$1.47
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 133 Apartments for Rent in Downtown Muncie, IN with pricing that ranges from $385 to $1,775. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Muncie ranging from $525 to $2,800.

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 $525 to $2,800 with an average monthly rent of $1,499.

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 $1,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $1,500. 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.