Zumper
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Updated 5+ Days Ago

Location

N Lee St, Muncie, IN 47303, USA
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Management

The Cedars Property Group, LLC

Leasing office

(765) 587-4428

Property Overview

Elm Street earns a strong overall rating for value, amenities, location, and transparency, with especially standout marks for price and convenience. It also offers immediate access to public transportation and is close to a top-rated elementary school, while ranking well for value compared with nearby properties.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Elm Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Elm Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • Less expensive

Floor plans

1BR/1.0BA1 bed1 bath$675 /mo1 unit available

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Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units2

About Elm Street

HomeApartments in Muncie Elm Street

Elm Street cost $675 per month. Located at N Lee St, Muncie, IN 47303, USA, Elm Street has 1 bedroom units available. Based on the average rent price of 1 bedroom in Muncie, renting an apartment at Elm Street is 11% cheaper per month.Other apartment buildings in or around Muncie include but are not limited to: 2106 W Main St, 715 S Cole Ave, 2418 E Memorial Dr


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Elm Street is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Elm Street has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Elm Street
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Elm Street offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Elm Street is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Elm Street is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Elm Street does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Elm Street provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

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 Elm Street compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.5 miles away
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

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Rent trends in Muncie

1-bedroom apartments at Elm Street cost about 11% less than the average rent price for 1-bedroom apartments in Muncie.

Median rents as of Oct 17 2026.
Muncie
A table of studio rental data trends in Muncie
MonthMedian Rent
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$693

Affordability calculator

Can I afford to live at N Lee St?

Bedrooms

1 bedroom

Rent-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

$27,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $27,000 annually to afford this 1-bedroom monthly rent price of $675.
For more information on rent affordability, visit our rent calculator.

Schools near Elm Street

Royerton Elementary School

1401 e royerton rd

muncie, IN, 47303

K-5Public
A-

Burris Laboratory School

2000 university ave

muncie, IN, 47306

K-12Public
A-

Redkey Elementary School

box 6 w main st

redkey, IN, 47373

PK, K-6Public
B

Indiana Digital Learning School

8707 w us hwy 36

modoc, IN, 47358

K-6Public
C-
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Muncie near N Lee St

Walking

2/10
You’ll need another mode of transportation for getting around. Scooter, anyone?

Driving

9/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

2/10
This is semi-bikeable, but you’ll need another way of getting around.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for N Lee St, Muncie

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

1/10
Few or no shops within walking distance

Cafes

0/10
Few or no cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

0/10
Closest high school further than a 30-minute walk

Nightlife

0/10
Few or no bars within walking distance

Explore the area around N Lee St

ALDI
210 W McGalliard Rd
3 Brothers
4711 N Wheeling Ave
Fresh Thyme Market
505 W McGalliard Rd
Pay Less Super Markets
1500 W McGalliard Rd
Pay Less Super Markets Pharmacy
1500 W McGalliard Rd

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