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Average Rent in Muncie, IN

Home  »  IN  »  Muncie

Current Versus Historical Muncie, IN Rents

Muncie rentals average $598 for a studio rental to $1,700 for a 4-bedroom rental. The median price of all currently available listings is $850, or roughly $1 per square feet.
For the apartment units and housing in May 2024, median rents have risen over the last year. Studio rentals prices have increased by $1,920 (331.03%) year-over-year from $580 to $2,500. 1-bedroom rentals prices have increased by $43 (6.65%) year-over-year from $652 to $695. 2-bedroom rentals prices have increased by $25 (3.13%) year-over-year from $800 to $825. 3-bedroom rentals prices have increased by $154 (15.81%) year-over-year from $975 to $1,129. 4-bedroom rentals prices have increased by $288 (21.90%) year-over-year from $1,313 to $1,600. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 104.36% this month. 1-bedroom rents have gone up by 0.97% this month. 2-bedroom rents have gone down by 0.00% this month. 3-bedroom rents have gone up by 3.00% this month. 4-bedroom rents have gone up by 9.09% this month.
Beds
Price / Sqft
 May 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $1.54 $2,500 $580 (331.03%) $134 (1,764.41%)
1 BR $1.14 $695 $652 (6.65%) $605 (14.88%)
2 BR $1.00 $825 $800 (3.13%) $767 (7.52%)
3 BR $0.91 $1,129 $975 (15.81%) $909 (24.27%)
4+ BR $0.90 $1,600 $1,313 (21.90%) $1,313 (21.90%)

Historical Rents in Muncie, IN

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Muncie



Let's compare Muncie, IN's rent against other top cities nearby by bedroom size.
City Studio 1 Bed 2 Bed All

Top Neighborhoods Near Muncie



View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All

Top Counties Near Muncie

The average rent for rentals in these counties is $850. That's roughly around $1 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Center, Muncie, IN. It's average rent per month is $850. Vice versa, with an average rent of $850, Center, Muncie, IN is the most expensive county by Muncie, IN.

Typically, rent for studios in Muncie, IN is on par with the other counties nearby. In comparison, rent for one bedroom listings in Muncie, IN is on par with the other counties nearby. Finally, rent for two bedrooms in Muncie, IN is 3.37% more affordable than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Center, Muncie, IN $598 $695 $827 $850

Top Zipcodes Near Muncie

There is one zipcode in or near Muncie, IN. The average rent for this zipcode is $925.

The following chart includes the zipcode in or near Muncie, IN. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
47303, Hamilton, IN $600 $685 $850 $925

Frequently Asked Questions - Muncie Average Rents

What is the average rent price in Muncie, IN?
The average monthly rental price for Muncie, IN apartments for rent is approximately $850. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Muncie, IN rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Muncie, IN.
How much is a studio apartment in Muncie, IN?
The average monthly rental price for studio apartments is $598 and an average price per square feet of $1.54. There are a total of 10 studio apartment listings currently available for rent in Muncie.
How much is a one bedroom apartment in Muncie, IN?
The average monthly rental price for one bedroom apartments is $695 and an average price per square feet of $1.14. There are a total of 53 one bedroom apartment listings currently available for rent in Muncie.
How much is a two bedroom apartment in Muncie, IN?
The average monthly rental price for two bedroom apartments is $800 and an average price per square feet of $1.00. There are a total of 51 two bedroom apartment listings currently available for rent in Muncie.
How have rent prices in Muncie, IN changed this year?
Rent prices for rentals in Muncie, IN can fluctuate yearly. Specifically, studio rental prices have changed by 3.31%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.03%, and three bedroom rental prices have changed by 0.16% year-over-year.
What is a reasonable rent price in Muncie, IN?
A reasonable rent price in Muncie, IN is around $680/month. You can search for these reasonably priced rental listings on RentHop.
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