Zumper
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Updated 2 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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Contact

Management

Premier Management Solutions LLC

Leasing office

(765) 591-6365

Property Overview

316 S Monroe St offers a strong overall value with a 7.7 expert rating, highlighted by competitive pricing, solid amenities, and an especially strong location score. Its central downtown setting, vinyl plank floors throughout, and nearby shopping support convenient everyday living, while the close proximity to a top-rated elementary school is an added plus.

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, 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.

Things you’ll love

  • Elementary school nearby

Floor plans

1BR/1.0BA1 bed1 bath$675–$775 /mo2 units availableSPACIOUS 1-BEDROOM APARTMENT IN DOWNTOWN MUNCIE! Looking for a place with plenty of room in a convenient location? This spacious 1-bedroom apartment at 316 S Monroe Street, Apartment 3, offers comfortable living right in the heart of downtown Muncie! Enjoy the convenience of being close to local restaurants, shopping, entertainment, and everything downtown Muncie has to offer. Whether you're looking for your first apartment, downsizing, or simply wanting a convenient location, this apartment is worth checking out! Don't miss your opportunity to make this downtown apartment your next home! Managed by Premier Management Solutions LLC Schedule your showing or apply online today! https www premiermanagesit com listings detail aa32aa99-c5ca-4f0a-9cb6-6b17edb59aed

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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

Units12

About 316 S Monroe St

HomeApartments in Muncie 316 S Monroe St

SPACIOUS 1-BEDROOM APARTMENT IN DOWNTOWN MUNCIE! Looking for a place with plenty of room in a convenient location? This spacious 1-bedroom apartment at 316 S Monroe Street, Apartment 3, offers comfortable living right in the heart of downtown Muncie! Enjoy the convenience of being close to local restaurants, shopping, entertainment, and everything downtown Muncie has to offer. Whether you're looking for your first apartment, downsizing, or simply wanting a convenient location, this apartment is worth checking out! Don't miss your opportunity to make this downtown apartment your next home! Managed by Premier Management Solutions LLC Schedule your showing or apply online today! https www premiermanagesit com listings detail aa32aa99-c5ca-4f0a-9cb6-6b17edb59aed


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, 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.
How we rated 316 S Monroe St
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.
316 S Monroe St 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, 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 miles away

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2.0 miles away

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Rent trends in Muncie

1-bedroom apartments at 316 S Monroe St 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 316 S Monroe 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 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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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

Explore the area around 316 S Monroe St

Downtown Farm Stand LLC
125 E Main St
Muncie Food Mart
2923 S Madison St
ALDI
3221 S Madison St
Fresh Thyme Market
505 W McGalliard Rd
ALDI
210 W McGalliard Rd

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