5+ Days Ago
Highlights
- Central location
- Vinyl plank floors throughout
- Convenient downtown living
- Nearby shopping
Location
316 S Monroe St, Muncie, IN 47305, USA
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Property Overview
316 S Monroe St offers an impressive blend of features, highlighted by a central location and vinyl plank floors throughout, making it ideal for convenient downtown living. With an overall Zumper rating of 8 out of 10, excellent amenities, and a strong price-to-value ratio of 9, the property stands out in its market. Additionally, the nearby top-rated elementary school enhances its appeal, ensuring residents enjoy a well-rounded living experience.
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.
Things you’ll love
Elementary school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $750–$850 /mo | 2 units available | Affordable 1 Bedroom / 1 Bathroom Apartment – Downtown Muncie Enjoy convenient downtown living in this 1 bed, 1 bath apartment located in the heart of downtown Muncie. This unit offers easy access to the bus route, making commuting simple and affordable. The unit has been freshly painted and updated. Vinyl plank floors throughout. The apartment is close to Ivy Tech Community College and just a short drive or bus ride to Ball State University. Section 8 is accepted, making this a great option for renters seeking affordable housing in a central location. Nearby dining, shopping, and local amenities add to the convenience of downtown living. Affordable, accessible, and ideally located. |
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Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 12 |
|---|
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About 316 S Monroe St
Affordable 1 Bedroom / 1 Bathroom Apartment – Downtown Muncie Enjoy convenient downtown living in this 1 bed, 1 bath apartment located in the heart of downtown Muncie. This unit offers easy access to the bus route, making commuting simple and affordable. The unit has been freshly painted and updated. Vinyl plank floors throughout. The apartment is close to Ivy Tech Community College and just a short drive or bus ride to Ball State University. Section 8 is accepted, making this a great option for renters seeking affordable housing in a central location. Nearby dining, shopping, and local amenities add to the convenience of downtown living. Affordable, accessible, and ideally located.
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, 316 S Monroe St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 316 S Monroe St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A 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.
316 S Monroe St stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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, 316 S Monroe St 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.
316 S Monroe St 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 316 S Monroe St 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.
316 S Monroe St 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 316 S Monroe St compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 2 miles away
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Rent trends in Muncie
1-bedroom apartments at 316 S Monroe St cost about 4% more than the average rent price for 1-bedroom apartments in Muncie.
Median rents as of Mar 7 2026.
Muncie
| Month | Median Rent |
|---|---|
| March 2024 | $612 |
| April 2024 | $595 |
| May 2024 | $595 |
| June 2024 | $590 |
| 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 | $600 |
Affordability calculator
Can I afford to live at 316 S Monroe St?
Bedrooms
1 bedroomRent-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
$30,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $30,000 annually to afford this 1-bedroom monthly rent price of $750.
For more information on rent affordability, visit our rent calculator.
Schools near 316 S Monroe St
East Washington Academy
1000 e washington
muncie, IN, 47305
PK, K-5Public
B
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 316 S Monroe St
Getting around Muncie near 316 S Monroe St
Walking
5/10
Some shops and stores are within a few minutes.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 316 S Monroe St, Muncie
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
5/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Nightlife
4/10
Some bars within walking distance
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Check availability
This property is intended for those with income restrictions.