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Studio Apartments for Rent in Muncie, IN

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    Starting at $900 Per Month

    • Studio - 2 Beds

    405 S Morrison Rd, Muncie, IN 47304

    As you consider your next move, Colonial Crest Apartments is a beautiful community that we like to call the "Hidden Gem" of Muncie. With 43 acres of wooded land, fishing pond, pool, playground, volleyball court, basketball court, and walking trail, we have a little something for everyone. The greatest thing about all of this is that we are about 4 minutes to shopping, 7 minutes to the hospital,

    Colonial Crest Apartments

    405 S Morrison Rd, Muncie, IN 47304
  • /32

    Call for Price

    • Studio - 2 Beds

    4049 N Everett Rd, Muncie, IN 47304

    Welcome to ApplegateApplegate is located minutes from Ball State University, which makes it an ideal location for area students. Additionally, we are near West View Elementary School, Northside Middle School, and Muncie Central High School. You will enjoy practical amenities that make everyday living comfortable at affordable prices in our apartments in Muncie, IN. We offer studio, 1 &

    Applegate

    4049 N Everett Rd, Muncie, IN 47304
  • /7

    $630 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    713 Efficiency Muncie, Muncie, IN 47302

    Property Id: 1033990 Cute efficiency. With one bathroom. Part of a four-plex. Freshly painted Just renovated. New roof, flooring, plumbing, electrical, water heater, bathroom and kitchen. It is in great condition It includes plenty of parking with easy access. The location is nice and has great neighbors. It includes a fridge and a stove. Rent only

    713 Efficiency Muncie, Muncie, IN 47302
  • /37

    $800 - $900

    Total Monthly Price

    • Studio - 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    812 W Main St, Muncie, IN 47305

    ALL UTILITIES PAID BY OWNER. WHOLE APARTMENT COMPLETELY RENOVATED: New paint, carpets, appliances, blinds, toilet, shower and lights. Apartment has a backdoor to a large deck (under renovation) with a view of the river. There is a large backyard with a fire pit and a space for storage in the apartment. It is located between the downtown and Ball State University campus in the historic "Old

    812 W Main St, Muncie, IN 47305
  • /37

    $800 - $900

    Total Monthly Price

    • Studio - 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    812 W Main St, Muncie, IN 47305

    ALL UTILITIES PAID BY OWNER. WHOLE APARTMENT COMPLETELY RENOVATED: New paint, carpets, appliances, blinds, toilet, shower and lights. Apartment has a backdoor to a large deck (under renovation) with a view of the river. There is a large backyard with a fire pit and a space for storage in the apartment. It is located between the downtown and Ball State University campus in the historic "Old

    812 W Main St, Muncie, IN 47305
  • /37

    $800 - $900

    Total Monthly Price

    • Studio - 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • Condo for Rent

    812 W Main St, Muncie, IN 47305

    ALL UTILITIES PAID BY OWNER. WHOLE APARTMENT COMPLETELY RENOVATED: New paint, carpets, appliances, blinds, toilet, shower and lights. Apartment has a backdoor to a large deck (under renovation) with a view of the river. There is a large backyard with a fire pit and a space for storage in the apartment. It is located between the downtown and Ball State University campus in the historic "Old

    812 W Main St, Muncie, IN 47305
  • /7

    $750 Per Month

    • Studio
    • 1 Bath
    • 624 Sq Ft
    • Condo for Rent

    1519 E Washington St Unit 1519, Muncie, IN 47305

    Enjoy relaxing in this spacious studio with two large rooms to decorate and setup however you like. This studio also offers a large kitchen and bonus large closet with Washer and Dryer hook up. Looking for a pet-friendly home? This property is pet-friendly! Conveniently located just east of Downtown Muncie near the Historic Washington Street area.Required Monthly Services for this

    1519 E Washington St Unit 1519, Muncie, IN 47305
  • /4

    $699 Per Month

    • Studio
    • 1 Bath
    • 572 Sq Ft
    • Condo for Rent

    808 W Beechwood Ave Unit B, Muncie, IN 47303

    This cozy studio unit is located a short walk away from Ball State's campus and The Village! It comes with a spacious bedroom, plenty of natural light, and off street parking. Appliances include a stove and refrigerator.Call us today to schedule a tour!

    808 W Beechwood Ave Unit B, Muncie, IN 47303
  • /5

    $665 Per Month

    • Studio
    • 1 Bath
    • 400 Sq Ft
    • Condo for Rent

    7697 St Rd Unit 7697, Muncie, IN 47302

    This charming studio, 1-bathroom home offers the perfect combination of privacy, comfort, and convenience! Located just off State Road 67 in the desirable Cowan School District, you’ll enjoy a peaceful setting while remaining only minutes from Muncie’s shopping, dining, and entertainment.Inside, you’ll find fresh paint, beautiful new flooring, a spacious living area, and plenty of natural

    7697 St Rd Unit 7697, Muncie, IN 47302

Why Live in Muncie

Ball State University shapes the cultural landscape of Muncie, with its iconic Shafer Tower and Beneficence statue drawing visitors to campus. The David Owsley Museum of Art houses over 11,000 works, while the Charles W. Brown Planetarium and Rinard Orchid Greenhouse add to the university's educational attractions. The Cardinal Greenway, Indiana's longest rail trail, connects residents to outdoor recreation through walking, running, and biking paths. Cultural destinations include Minnetrista's gardens and historical Ball family homes, the interactive Muncie Children's Museum, and the National Model Aviation Museum.

Single family homes in Muncie have a median price of $149,900. The Halteman neighborhood commands the highest median single family home prices at $206,000, followed by the Westwood Historic District at $197,500. University Heights Muncie single family homes have a median price of $147,400, while Downtown Muncie sees higher-end properties with a median of $599,900. One bedroom condos start at a median price of $108,900, while two bedroom condos have a median price of $150,000.

The cost of living in Muncie sits 2.6% above the national average. Property taxes remain competitive at 0.78%, lower than nearby Anderson at 0.76% and Marion at 0.68%. A family with school-age children needs approximately $114,000 annually to live comfortably, while renters should aim for $60,000. Groceries cost 2.4% below the national average for families and 2.2% below for renters. The public education system includes highly rated Burris Laboratory School, serving multiple neighborhoods with an A minus rating from Niche. Major employers include Ball State University, IU Health Ball Memorial Hospital, and the Walmart Distribution Center. The MITS public bus system provides transportation throughout the city, with Indianapolis just an hour away via I 69.

Frequently Asked Questions

How much does it cost to rent a home in Muncie, IN?
The median rent for a home in Muncie, IN is $1,125 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Muncie, IN?
To comfortably afford the median rent in Muncie, IN, a household needs to earn roughly $45,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,125 per month in Muncie, IN, renters typically need to show $3,375 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Muncie, IN?
In Muncie, IN, the price-to-rent ratio is 9.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
9
Median Rent
$1,125
Median Single Family Home Rent
$1,200
Median Townhouse Rent
$1,500
Median Condo Rent
$778
How to Rent a Home