Cheap Apartments for Rent in the Downtown Muncie Neighborhood of Muncie, IN from $400 (36 Rentals)

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

property at 906 W Main St

$599 - $995

1 To 2 Bedroom Rentals

Available Now

906 W Main St

MuncieIN47305

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.

property at 1008 W 1st St

$725 - $800

1 To 2 Bedroom Rentals

Available Now

1008 W 1st St

MuncieIN47305
property at 1325 S Hoyt Ave

$750 - $800

1 To 2 Bedroom Rentals

Available Now

1325 S Hoyt Ave

MuncieIN47302

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.

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2213 E Memorial Dr
2 Bedroom Apartments

2213 E Memorial Dr

2213 E Memorial DrMuncie, IN 47302
  • Utilities Included
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District on Bethel
1 Bedroom Apartments

District on Bethel

1204-1206 W Bethel AveMuncie, IN 47303
  • Utilities Included
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The District on Linden
Studio to 2 Bedroom Apartments

The District on Linden

920 N Linden StMuncie, IN 47303
Student Housing
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Stadium View Apartments
1 to 4 Bedroom Apartments

Stadium View Apartments

1024 W Bethel AveMuncie, IN 47303
Student Housing
  • Utilities Included

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.

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District on Oakwood
Studio to 2 Bedroom Apartments

District on Oakwood

2000 N Oakwood AveMuncie, IN 47304
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Beacon Hill
1 to 4 Bedroom Apartments

Beacon Hill

816 N New York AveMuncie, IN 47303
Student Housing
  • Utilities Included
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The Cedars
1 Bedroom Apartments

The Cedars

1010 W Bethel RdMuncie, IN 47303
Student Housing
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Wilson School Apartments
Studio to 2 Bedroom Apartments

Wilson School Apartments

301 W 13th StMuncie, IN 47302
Senior Living
  • Utilities Included
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Orchard Apartments
Studio to 3 Bedroom Apartments

Orchard Apartments

720 W Centennial AveMuncie, IN 47303
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LABOR LOFTS
1 Bedroom Apartments

LABOR LOFTS

1125 S Walnut StMuncie, IN 47302
Corporate Housing
  • Utilities Included
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The District on Dill
1 to 2 Bedroom Apartments

The District on Dill

519 N Dill StMuncie, IN 47303
Student Housing

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

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 ListingModel NameBed/BathPriced From
Kensington Apartments1/1 B1BR,1BA$683
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$725
Arrasmith Apartments1BR/1.0BA1BR,1BA$750
Flats at West EndStudioStudio,1BA$760
Freedom Acres MHCBlazer Extreme2BR,1BA$829
Chesterfield Apartments3/1 800sf3BR,1BA$858
424 Lofts1 bedroom1BR,1BA$875
River Edge ApartmentsClose to Campus1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
District on BethelFully Renovated!3BR,2BA$1.20
District on WayneNear The Village With a Balcony3BR,2BA$1.09
1001 W 1st St, Unit 11001 W 1st St3BR,1.5BA$0.87
Arrasmith Apartments1BR/1.0BA1BR,1BA$0.90
Chesterfield Apartments3/1 800sf3BR,1BA$1.07
424 Lofts1 bedroom1BR,1BA$1.09
Freedom Acres MHCBlazer Extreme2BR,1BA$1.08
Liberty Lofts2BR/1.0BA2BR,1BA$1.47
Wilson School ApartmentsHistoric Vibe on Muncie's Southside1BR,1BA$1.12
River Edge ApartmentsClose to Campus1BR,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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The 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.

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Cash 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.

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Quick 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.

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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

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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.

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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.

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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.

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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.