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modified
2 Days Ago

Location

2007 S Penn St, Muncie, IN 47302, USA
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Contact

Management

Innovative Property Resources LLC

Leasing office

(765) 273-7035

Property Overview

MGAM-2007 S Penn is rated highly overall, with especially strong marks for price and location, plus solid scores for amenities and trustworthiness. It offers competitive value and convenient access to nearby transportation, with a top-rated middle school also within reach.

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, MGAM-2007 S Penn is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, MGAM-2007 S Penn 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

  • Middle school nearby
  • Less expensive

Floor plans

2BR/1.0BA2 bed1 bath$725 /mo1 unit available

Let's explore this property.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property
Building details

Property details

Units3
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About MGAM-2007 S Penn

HomeApartments in Muncie MGAM-2007 S Penn

MGAM-2007 S Penn cost $725 per month. Located at 2007 S Penn St, Muncie, IN 47302, USA, MGAM-2007 S Penn has 2 bedroom units available. Based on the average rent price of 2 bedrooms in Muncie, renting an apartment at MGAM-2007 S Penn is 22% cheaper per month.Other apartment buildings in or around Muncie include but are not limited to: 216 N Mckinley Ave


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, MGAM-2007 S Penn is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, MGAM-2007 S Penn 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 MGAM-2007 S Penn
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.
MGAM-2007 S Penn 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, MGAM-2007 S Penn 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.
MGAM-2007 S Penn 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 MGAM-2007 S Penn 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.
MGAM-2007 S Penn 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 MGAM-2007 S Penn compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 1 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Muncie

2-bedroom apartments at MGAM-2007 S Penn cost about 22% less than the average rent price for 2-bedroom apartments in Muncie.

Median rents as of Jun 20 2026.
Muncie
A table of studio rental data trends in Muncie
MonthMedian Rent
July 2024$560
August 2024$550
September 2024$469
October 2024$561
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$662

Affordability calculator

Can I afford to live at 2007 S Penn St?

Bedrooms

2 bedrooms

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

$29,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $29,000 annually to afford this 2-bedrooms monthly rent price of $725.
For more information on rent affordability, visit our rent calculator.

Schools near MGAM-2007 S Penn

Grissom Elementary School

3201 s macedonia ave

muncie, IN, 47302

PK, K-5Public
C-

Muncie Central High School

801 n walnut st

muncie, IN, 47305

PK, K-12Public
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 MGAM-2007 S Penn

Neighborhood

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

Getting around Muncie near 2007 S Penn St

Walking

4/10
Fewer daily needs are within walking distance (unless you’re up for a challenge).

Driving

8/10
This area is close to freeways and has adequate parking options.

Points of interest for 2007 S Penn St, Muncie

Groceries

2/10
No grocery stores within walking distance

Shopping

3/10
Some shops within walking distance

Cafes

1/10
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 20-minute walk

High schools

1/10
No high schools within a 30-minute walk

Nightlife

2/10
Few or no bars within walking distance

Explore the area around 2007 S Penn St

Muncie Food Mart
2923 S Madison St
ALDI
3221 S Madison St
Downtown Farm Stand LLC
125 E Main St
Walmart Supercenter
1501 E 29th St
Pay Less Super Markets Pharmacy
715 S Tillotson Ave

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