Cheap Homes for Rent in Downtown Muncie Neighborhood of Muncie, IN from $500 (11 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. 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
The Haven4x44BR,4BA$510
Wilson School Apartments1 Bed 1 Bath Loft1BR,1BA$725
Orchard Apartments2 Bedroom Standard2BR,1BA$789
424 Lofts1 bedroom1BR,1BA$800
District on BethelFully Renovated!1BR,1BA$850

Best Value Apartments for Rent in Downtown Muncie, IN

As of June 08, 2025 the best value apartment in the Downtown Muncie area is the $1.15 price per square foot 2 Bed 2 Bath Apartment - Premium Model at The Latitude in the in the School neighborhood starting from $1,050. The second greatest value Downtown Muncie apartment is the 2BR/1.0BA Model at Rosewood Apartments starting at $1,200 with a $1.33 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.
The Latitude2 Bed 2 Bath Apartment - Premium2BR,2BA$1.15
Rosewood Apartments2BR/1.0BA2BR,1BA$1.33
424 Lofts1 bedroom1BR,1BA$1.00
Wilson School Apartments1 Bed 1 Bath Loft1BR,1BA$1.00
Orchard Apartments2 Bedroom Standard2BR,1BA$1.31
District on BethelFully Renovated!1BR,1BA$1.48
Liberty Lofts1BR/1.0BA1BR,1BA$1.66
The Haven2x22BR,2BA$1.33
1403 W Memorial Dr, Unit B1403 W Memorial Dr1BR,1BA$1.50
714 E Main St, Unit 3714 E Main St1BR,1BA$1.65

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Frequently Asked Questions about Downtown Muncie

What type of rentals are currently available in Downtown Muncie?

There are currently 132 Apartments for Rent in Downtown Muncie, IN with pricing that ranges from $350 to $1,775. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Muncie ranging from $550 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 $550 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 $1,350, while Three Bedroom Homes, Condos, and Townhomes for rent range from $770 to $1,500. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $350.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.