
Cheap Apartments for Rent in the Downtown Muncie Neighborhood of Muncie, IN from $400 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Muncie area of Muncie.


1611 S Madison St

Stadium View Apartments

River Landing Apartments

Total Monthly Price
805 W Ashland Ave

713 W Adams St

906 W Main St

Total Monthly Price
1433 E Main St, Unit Apt 1
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.

1621 W Jackson St

218 S Martin Ave

1718 S Elm St

Total Monthly Price
Flats at West End

2604 W Memorial Dr

1801 S Clark St

The Alan

626 W Main 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.

1008 W 1st St

710 W Kilgore Ave

710 N Mulberry St

2101 N Wheeling Ave

Arrasmith Apartments

1525 S Walnut St

1703 E 14th St

212 N Martin St
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.

224 N Martin St

1521 E Kirby Ave

2213 E Memorial Dr

District on Bethel

The District on Linden

District on Oakwood

The Cedars Apartments

Kensington Apartments
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.

Beacon Hill

Wilson School Apartments

The District on Riverside

Chesterfield Apartments

The Orchard

916 W Jackson St

Labor Center Lofts

The District on Dill
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.
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 1 Bedroom Apartments | $839 | $599 | $1,050 |
| Downtown Muncie 2 Bedroom Apartments | $1,039 | $750 | $1,600 |
| Downtown Muncie 3 Bedroom Apartments | $1,153 | $975 | $1,269 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the Downtown Muncie Neighborhood of Muncie, IN.
See all Apartments in MuncieExplore Muncie
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 Flats at West End priced from $700. The Alan has the second lowest priced unit, which is a 1 Bed apartment currently listed from $712. Here are the most affordable Downtown Muncie apartments for rent in Muncie, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Flats at West End | 1BR/1.0BA | 1BR,1BA | $700 |
| The Alan | 1A 50% | 1BR,1BA | $712 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $725 |
| Kensington Apartments | 2/1 | 2BR,1BA | $750 |
| 916 W Jackson St | 1/1 | 1BR,1BA | $800 |
| Chesterfield Apartments | 3/1 800sf | 3BR,1BA | $825 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $875 |
| River Edge | Close to Campus | 1BR,1BA | $925 |
| Beacon Hill | 3 Bedroom Townhome | 3BR,1BA | $950 |
Best Value Apartments for Rent in Downtown Muncie, IN
As of March 23, 2026 the best value apartment in the Downtown Muncie area is the $1.01 price per square foot Maynardville Classic 72 Model at Freedom Acres MHC in the in the Westacres neighborhood starting from $1,165. The second greatest value Downtown Muncie apartment is the Fully Renovated! Model at District on Bethel starting at $1,325 with a $1.20 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Freedom Acres MHC | Maynardville Classic 72 | 3BR,2BA | $1.01 |
| District on Bethel | Fully Renovated! | 3BR,2BA | $1.20 |
| District on Wayne | Near The Village With a Balcony | 3BR,2BA | $1.09 |
| 424 Lofts | 2 bedroom | 2BR,1BA | $1.19 |
| Beacon Hill | 3.1a | 3BR,1BA | $1.25 |
| Chesterfield Apartments | 3/1 800sf | 3BR,1BA | $1.03 |
| The Alan | 1A | 1BR,1BA | $1.31 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $1.12 |
| Kensington Apartments | 2/1 | 2BR,1BA | $1.22 |
| 1433 E Main St, Unit Apt 1 | 1433 E Main St | 1BR,1BA | $1.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
Pet Friendly LifestyleDowntown Muncie, Muncie, IN
Ranked #4
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Best Local Schools in Downtown Muncie, Muncie, IN
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Muncie Apartments
What is the price of a cheap apartment in Downtown Muncie?
The cheapest apartment in Downtown Muncie is Flats at West End which is listed at $700, while the average apartment in Downtown Muncie costs $1,400.
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 119 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 $635 which is $765 cheaper than the average rent for all rentals in Downtown Muncie.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.