The Latitude
2901 N Elgin St,
Muncie, IN 47303
$925 - $1,225
2-3 Beds
Rental Market Trends in Muncie, IN
What is the average rent in Muncie, IN?
$773/month
Average Rent
610 Sq Ft
Average Apartment Size
+0%
Increase in the Last Year
As of September 2025, the average rent in Muncie, IN is $773 per month. This is 53% lower than the national average rent of $1,639/month, making renting in Muncie more affordable than most cities in the US. When you rent an apartment in Muncie, you can expect to pay about $684 per month for a studio, $773 for a one-bedroom apartment, and around $954 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,171 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Muncie, IN?
In the past year, rent has increased by 0%, which averages out to $1 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated September 2025
Legend
2024
2025
Rent Ranges in Muncie, IN
Last Updated September 2025
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
28%
Below $700/month
43%
$700 - $1,000/month
28%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Muncie?
Based on current rent prices, South Muncie, Downtown Muncie and North Muncie are the most affordable neighborhoods in Muncie.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Muncie?
Based on current rent prices, North Muncie, Downtown Muncie and South Muncie are the most expensive neighborhoods in Muncie.
Neighborhood
Average Rent
Average Sq Ft
Which Muncie neighborhoods have the most rentals available?
The neighborhoods in Muncie with the most apartments available are North Muncie, Downtown Muncie and South Muncie .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Muncie, IN?
Because the average rent in Muncie is $773, you’ll want to make about $2,576 per month or $30,912 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Muncie, IN is 12.3% lower than the national average. Generally, housing in Muncie is 37.3% less expensive than the national average, with rent falling between $684 - $1,171. You can expect to pay 4.0% less for groceries, 13.5% more for utilities, and 5.0% less for transportation.
How does Muncie, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Muncie, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
$744/month
One Bedroom
$752/month
$768/month
Two Bedroom
$545/month
$960/month
Three Bedroom
-
$1,171/month
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.
* Percentages may not total 100 due to rounding.