
Cheap Apartments for Rent in the Downtown Muncie Neighborhood of Muncie, IN from $400 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Muncie area of Muncie.


River Landing Apartments

901 W Rex St, Unit 3

626 W Main St

1814 W 7th St

2418 E Memorial Dr

1718 S Elm St

1523 E Washington St

710 W Kilgore Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

907 W Main St

1008 W 1st St

321 S McKinley Ave

710 N Mulberry St

Arrasmith Apartments

1127 S Jefferson St

1325 S Hoyt Ave

Flats at West End

2009 S Penn St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

700 W Powers St

1703 E 14th St

815 N Elm St

1525 S Walnut St

1521 E Kirby Ave

2213 E Memorial Dr

District on Bethel

The District on Linden

Stadium View Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

District on Oakwood

Beacon Hill

Kensington Apartments

The Cedars

Wilson School Apartments

The District on Riverside

Orchard Apartments

LABOR LOFTS

The District on Dill
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $720 | $650 | $760 |
| Downtown Muncie 1 Bedroom Apartments | $801 | $599 | $1,050 |
| Downtown Muncie 2 Bedroom Apartments | $958 | $699 | $1,600 |
| Downtown Muncie 3 Bedroom Apartments | $1,138 | $950 | $1,354 |
| Downtown Muncie 4 Bedroom Apartments | $750 | $750 | $750 |
Browse Apartments in this Neighborhood
There are currently 36 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 1 Bed unit found at Kensington Apartments priced from $683. Wilson School Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here are the most affordable Downtown Muncie apartments for rent in Muncie, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kensington Apartments | 1/1 B | 1BR,1BA | $683 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $725 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $750 |
| Flats at West End | Studio | Studio,1BA | $760 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $829 |
| Chesterfield Apartments | 3/1 800sf | 3BR,1BA | $858 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $875 |
| River Edge Apartments | Close to Campus | 1BR,1BA | $925 |
Best Value Apartments for Rent in Downtown Muncie, IN
As of February 03, 2026 the best value apartment in the Downtown Muncie area is the $1.20 price per square foot Fully Renovated! Model at District on Bethel in the in the South Muncie neighborhood starting from $1,325. The second greatest value Downtown Muncie apartment is the Near The Village With a Balcony Model at District on Wayne starting at $1,200 with a $1.09 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| District on Bethel | Fully Renovated! | 3BR,2BA | $1.20 |
| District on Wayne | Near The Village With a Balcony | 3BR,2BA | $1.09 |
| 1001 W 1st St, Unit 1 | 1001 W 1st St | 3BR,1.5BA | $0.87 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| Chesterfield Apartments | 3/1 800sf | 3BR,1BA | $1.07 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $1.09 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $1.08 |
| Liberty Lofts | 2BR/1.0BA | 2BR,1BA | $1.47 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $1.12 |
| River Edge Apartments | Close to Campus | 1BR,1BA | $1.54 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Downtown Muncie, Muncie, IN
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Muncie Apartments
How much is rent for a Cheap One Bedroom Downtown Muncie Apartment?
The lowest price for a Cheap One Bedroom Downtown Muncie Apartment is $683 at Kensington Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Muncie Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Muncie is starting from $808 at Kensington Apartments.
What is the most affordable Downtown Muncie Three Bedroom Apartment?
The best deal on a cheap Downtown Muncie Three Bedroom Apartment rental is at Chesterfield Apartments and starts from $858.
Expert Rental Resources
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.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.