
Cheap Homes for Rent in Downtown Muncie Neighborhood of Muncie, IN from $400 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Muncie area of Muncie.


1818 W 7th St

1224 E Main St

2300 E Memorial Dr

802 1/2 N Mulberry St
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.

625 S Mound St

817 W Main St

1223 S Franklin St

1014 N Hodson Ave
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.

418 W 7th St

115 E Willard St

721 W Main St

805 W Main St

1516 Wheeling Ave
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.
Downtown Muncie, Muncie, IN Local Guide

How much does it cost to rent a home in Downtown Muncie?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Muncie 2 Bedroom Homes for Rent | $1,035 | $700 | $1,350 |
| Downtown Muncie 3 Bedroom Homes for Rent | $1,159 | $595 | $1,699 |
| Downtown Muncie 4 Bedroom Homes for Rent | $1,439 | $950 | $1,800 |
| Downtown Muncie 5 Bedroom Homes for Rent | $1,700 | $1,500 | $1,850 |
| Downtown Muncie 6 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Homes for Rent in this Neighborhood
There are currently 15 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 $663. Flats at West End has the second lowest priced unit, which is a Studio apartment currently listed from $700. 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 A | 1BR,1BA | $663 |
| Flats at West End | Studio, 1 bath | Studio,1BA | $700 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $725 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $750 |
| River Edge Apartments | Close to Campus | 1BR,1BA | $795 |
Best Value Apartments for Rent in Downtown Muncie, IN
As of December 12, 2025 the best value apartment in the Downtown Muncie area is the $1.18 price per square foot Near The Village With a Balcony Model at District on Wayne in the in the School neighborhood starting from $1,300. The second greatest value Downtown Muncie apartment is the 3.1d Model at Beacon Hill starting at $1,363 with a $1.51 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 Wayne | Near The Village With a Balcony | 3BR,2BA | $1.18 |
| Beacon Hill | 3.1d | 3BR,1BA | $1.51 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $1.24 |
| Rosewood Apartments | **2 MONTHS FREE!** Upgrade Your Space: Premium ... | 2BR,1BA | $1.60 |
| White River Lofts | PRICE DROP White River Lofts - Layout A $350 Gi... | 1BR,1BA | $1.60 |
| Wilson School Apartments | Historic Vibe on Muncie's Southside | 1BR,1BA | $1.12 |
| River Edge Apartments | Close to Campus | 1BR,1BA | $1.33 |
| District on Bethel | Fully Renovated! | 1BR,1BA | $1.48 |
| Flats at West End | Studio, 1 bath | Studio ,1BA | $1.75 |
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.
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 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
2.5Pet Friendly
Best Local Schools in Downtown Muncie, Muncie, IN
School data provided by Great Schools
Frequently Asked Questions about Downtown Muncie
What type of rentals are currently available in Downtown Muncie?
There are currently 147 Apartments for Rent in Downtown Muncie, IN with pricing that ranges from $600 to $1,600. There are also 72 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Muncie ranging from $450 to $1,850.
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 $450 to $1,850 with an average monthly rent of $1,216.
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 $995 to $1,354, while Three Bedroom Homes, Condos, and Townhomes for rent range from $595 to $1,699. Four Bedroom Single-Family rentals are also available starting from $950 and Four Bedroom Apartments start at $750.
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

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
