The Latitude Apartments
2901 N Elgin St,
Muncie, IN 47303
2-3 Beds | $999 - $1,339
Rental Market Trends in Muncie, IN
Updated July 2026
The average rent in Muncie, IN is $792/month.
Rent in Muncie is 52% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$792/month
Average Rent
606 Sq Ft
Average Size
+0.4%
Change / Year
524
Available Apartments
Muncie rent varies by unit size and layout:
- Studio apartments in Muncie average $631 per month.
- One-bedroom apartments in Muncie average $792 per month.
- Two-bedroom apartments in Muncie average $962 per month.
- Three-bedroom apartments in Muncie average $1,157 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Muncie, IN?
In the past year, rent has increased by 0.4%, which averages out to $3 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Muncie, IN
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
26%
Below $700/month
47%
$700 - $1,000/month
28%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Muncie?
Based on current rent prices, Downtown Muncie, South 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, South Muncie and Downtown 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, South Muncie and Downtown 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 $792, you’ll want to make about $2,640 per month or $31,680 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 9.0% lower than the national average. Generally, housing in Muncie is 17.4% less expensive than the national average, with rent falling between $631 - $1,157. You can expect to pay 5.8% less for groceries, 2.5% less for utilities, and 0.7% 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.
View the Muncie Area GuideStudio
$550/month
$670/month
One Bedroom
$832/month
$802/month
Two Bedroom
$1,012/month
$972/month
Three Bedroom
-
$1,185/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Muncie We Think You'll Love
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Frequently Asked Questions
What is the average rent in Muncie?
The average rent in Muncie is $792 per month, which is 52.3% lower than the national average of $1,662.
What is the average rent for a house in Muncie?
The average rent for a house in Muncie, IN is $1,275 per month.
Are rents going up or down in Muncie?
Rents in Muncie, IN are increasing, with prices up 0.4% year-over-year and $3 more per month.
What rent range is most common in Muncie?
In Muncie, IN, 47% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.