
Cheap Homes for Rent in Downtown Muncie Neighborhood of Muncie, IN from $500 (21 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Muncie area of Muncie.


614 W Charles St

1818 W 7th St

802 1/2 N Mulberry St

1320 E Main St

411 Wheeling Ave

817 W Main 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.

2300 E Memorial Dr

502 W Jackson St

822 W Bethel Ave

745 N Mulberry St

826 W Main St

1924 S Gharkey St

304 W 6th 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.

723 N Reserve St

607 S Pierce St

2115 S Pershing Dr

1311 W Jackson St

2302 S Hackley St

800 W 15th St

804 W 15th St
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 | $1,011 | $700 | $1,350 |
| Downtown Muncie 3 Bedroom Homes for Rent | $1,183 | $649 | $1,399 |
| Downtown Muncie 4 Bedroom Homes for Rent | $1,550 | $1,300 | $1,850 |
| Downtown Muncie 5 Bedroom Homes for Rent | $1,475 | $1,350 | $1,600 |
| Downtown Muncie 6 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Homes for Rent in this Neighborhood
There are currently 21 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 The Cedars priced from $749. Arrasmith Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Downtown Muncie apartments for rent in Muncie, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Cedars | The Cedars - Large 1 Bed/1 Bath Remodeled - $20... | 1BR,1BA | $749 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $750 |
| District on Bethel | Fully Renovated! | 1BR,1BA | $850 |
| Chesterfield Apartments | 2/1 750sf | 2BR,1BA | $908 |
| Flats at West End | 1 Bed, 1 bath | 1BR,1BA | $950 |
Best Value Apartments for Rent in Downtown Muncie, IN
As of October 27, 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 1BR/1.0BA Model at Arrasmith Apartments starting at $750 with a $0.90 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 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
| Liberty Lofts | **MOVE IN SPECIALS!** Thrive Downtown – Where H... | 2BR,1BA | $1.44 |
| Freedom Acres MHC | Blazer Extreme | 2BR,1BA | $1.42 |
| Chesterfield Apartments | 2/1 750sf | 2BR,1BA | $1.21 |
| White River Lofts | PRICE DROP White River Lofts - Layout D $350 Gi... | 1BR,1BA | $1.57 |
| District on Bethel | Fully Renovated! | 1BR,1BA | $1.48 |
| The Cedars | The Cedars - Large 1 Bed/1 Bath Remodeled - $20... | 1BR,1BA | $1.39 |
| 924 E Main St, Unit 924 one half | 924 E Main St | 1BR,1BA | $1.25 |
| 1001 W 1st St, Unit 2 | 1001 W 1st St | 1BR,1BA | $1.25 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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 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 145 Apartments for Rent in Downtown Muncie, IN with pricing that ranges from $590 to $1,600. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Muncie ranging from $550 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 $550 to $1,850 with an average monthly rent of $1,208.
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.

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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.