Muncie-Stony PT. renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Muncie-Stony PT. is about $1,135 per month. This puts it in the 93rd percentile compared to the city average cost of rent, which is $1,087. Households in Muncie-Stony PT. have a median income of $3,834 per month so the average renter in Muncie-Stony PT. is spending roughly 30% of their earnings on housing.
Nationally, and in Muncie-Stony PT., home values are the data point most closely correlated with the cost of rent. The median price of a home in Muncie-Stony PT. is $78,438 right now, which is lower than nearby neighborhoods, meaning that rents in Muncie-Stony PT. also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the western parts of Muncie-Stony PT. while lower rent rates are often available in northeastern areas.
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