Muncie, IN Rental Market Trends
Last updated: April 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Muncie is $1,226, a 3.92% increase compared to the previous year, when the average rent was $1,180.
Studio Apartments at $698 offer the most budget-friendly option with 397 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 600 square feet for $927, balancing privacy and affordability.
Two-beedroom units at $1,100 offer 893 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,180 sq ft) for $1,458, suitable for larger households.
Average rent in Muncie, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,226 | 925 sq. ft. |
| Studio | $698 | 397 sq. ft. |
| 1 Bed | $927 | 600 sq. ft. |
| 2 Beds | $1,100 | 893 sq. ft. |
| 3 Beds | $1,458 | 1,180 sq. ft. |
Muncie, IN rent trends
Rental prices in Muncie, IN have increased by 3.92% over the past year. The average rent moved from $1,180 to $1,226.
What's the typical rent budget in Muncie, IN?
The largest share of rentals in Muncie, IN (49%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Muncie, IN?
12,828 or 48% of the households in Muncie, IN are renter-occupied while 13,621 or 52% are owner-occupied.
Most affordable neighborhoods in Muncie?
Neely $931/month
Sandpiper Lake $993/month
Windemere North $1,507/month
All of these neighborhoods fall below the city wide average of $1,226/month.Average Rent in Muncie, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Windemere North | $1,507 |
| Sandpiper Lake | $993 |
| Neely | $931 |
Muncie | Rent Comparison by Neighborhood
Rent in Neely is 6% lower than in Sandpiper Lake
Neely rent is 24% lower than Muncie average
Sandpiper Lake rent is 19% lower than Muncie average
How Muncie Compares to Other Cities
| City | Average Rent |
|---|---|
| Muncie | $1,226 |
| Indianapolis | $1,252 |
| Jeffersonville | $1,245 |
| Greenwood | $1,363 |
| New Albany | $1,137 |
| Bloomington | $1,694 |
| Noblesville | $1,559 |
| Carmel | $1,666 |
| Fishers | $1,626 |
| Fort Wayne | $1,158 |
| Lafayette | $1,194 |
| Greenfield | $1,328 |
| Anderson, IN | $1,072 |
| New Castle, IN | $980 |
| Fortville, IN | $1,578 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Muncie apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.