Updated 5+ Days Ago
Location
118 S Walnut St, Muncie, IN 47305, USA
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Amenities for 118 S Walnut St
Features
| Central Air |
Community
| Basement | Roof Type: Rubber |
Grounds
| Storage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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About 118 S Walnut St
Property Status: Active Commercial storefront in the heart of Walnut Street between Main and Jackson. Great frontage on Walnut Street among the many restaurants and shops in this area. Possible to subdivide into 2000+/- sq ft spaces. The current configuration includes prior food service with walk in coolers and some plumbing. Building owner has the capability to renovate/remodel into office/medical office or other retail. Includes ADA restrooms, entrance to rear parking lot and front parking on Walnut Street. Basement storage included. Office Phone: (765) 289-2228 Copyright © 2026 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 118 S Walnut St compares to other nearby properties.
Positives
- Extra storage
- In-unit features
Considerations
- Greater distance from high schools
- The nearest high school is farther than 0.6 miles away
Address details
| Zip code | 47305 |
|---|---|
| Type | House for rent |
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Rent trends in Muncie
studio apartments at 118 S Walnut St cost about 6767% more than the average rent price for studio apartments in Muncie.
Median rents as of Oct 3 2026.
Muncie
| Month | Median Rent |
|---|---|
| October 2024 | $582 |
| November 2024 | $560 |
| December 2024 | $611 |
| January 2025 | $563 |
| February 2025 | $562 |
| March 2025 | $576 |
| April 2025 | $576 |
| May 2025 | $624 |
| June 2025 | $637 |
| July 2025 | $650 |
| August 2025 | $614 |
| September 2025 | $569 |
| October 2025 | $572 |
| November 2025 | $577 |
| December 2025 | $585 |
| January 2026 | $579 |
| February 2026 | $594 |
| March 2026 | $602 |
| April 2026 | $642 |
| May 2026 | $653 |
| June 2026 | $663 |
| July 2026 | $698 |
| August 2026 | $699 |
| September 2026 | $708 |
| October 2026 | $699 |
Affordability calculator
Can I afford to live at 118 S Walnut St?
Bedrooms
StudioRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$1,920,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $1,920,000 annually to afford this studio monthly rent price of $48,000.
For more information on rent affordability, visit our rent calculator.
Schools near 118 S Walnut St
Muncie Central High School
801 n walnut st
muncie, IN, 47305
PK, K-12Public
B-
East Washington Academy
1000 e washington
muncie, IN, 47305
PK, K-5Public
B
Burris Laboratory School
2000 university ave
muncie, IN, 47306
K-12Public
A-
Youth Opportunity Center
3700 w kilgore ave
muncie, IN, 47304
K-12Public
Indiana Digital Learning School
8707 w us hwy 36
modoc, IN, 47358
K-6Public
C-
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Internet available near 118 S Walnut St
Getting around Muncie near 118 S Walnut St
Walking
6/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 118 S Walnut St, Muncie
Groceries
9/10
Wide variety of groceries within a few minutes' walk
Shopping
8/10
Wide variety of shops within a few minutes' walk
Cafes
7/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
8/10
Wide variety of restaurants within a few minutes’ walk
Primary schools
7/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
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