How many apartments are available in 47304 on Rentable.co?

Rentable.co has 32 apartments available for rent in 47304.

What is the average rent for an apartment in 47304?

The average rent for an apartment in 47304 is around $850 per month.

What is the average rent for a one-bedroom apartment in 47304?

The average rent for a one-bedroom apartment in 47304 is around $725 per month.

What is the average rent for a two-bedroom apartment in 47304?

The average rent for a two-bedroom apartment in 47304 is around $897 per month.

What is the average rent for a studio apartment in 47304?

The average rent for a studio apartment in 47304 is around $547 per month.

Apartments in 47304

Muncie:
May Rent Report

Welcome to the May 2024 Muncie Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Muncie rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Muncie and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Muncie average rent prices in the chart below.

Monthly Rent Report

$950

$710

$480

$240

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Muncie Rent Prices Increase From April to May

Muncie rent prices increased over the last month. From April to May, the city experienced a 0.14% increase for the price of a one-bedroom apartment. The rent price for a Muncie one-bedroom apartments currently stands at $699.0.

When we take a look at the two-bedroom comparison from April to May, Muncie experienced a 1.4% increase for the price of a two-bedroom apartment. The rent price for a Muncie two-bedroom apartments currently stands at $868.0.

May Prices: Muncie vs. Surrounding Areas

Muncie, IN

Anderson, IN

$698

$250

$500

$750

$1,000

Median 1 BR Rent

Rent Prices in Muncie and Surrounding Areas

Rent prices have increased in Muncie over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 1 of the Muncie suburb increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Anderson, IN .
Rents did not decrease in any of the Muncie suburbs.
1 suburb is currently priced lower than the city of Muncie.

May 2024 Pricing Trends: Muncie vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

Muncie, IN

$4,056

$3,039

$2,377

$2,336

$1,913

$1,300

$1,283

$1,178

$698

$1,350

$2,700

$4,050

$5,400

Median Rent

Muncie Rent Prices More Affordable Than Major Cities

Rent growth in Muncie over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Muncie average rent prices appear to be relatively affordable for local residents.

The price for a Muncie one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Muncie and surrounding area rent prices, take a look at the complete data set below.

Data set for Muncie and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change
Muncie, IN	$698.0	0.00%	$856.0	0.71%
Anderson, IN	$698.0	1.31%	$937.0	2.07%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.