Comptroveby RentSpire

Village Promenade

1623 W University Ave, Muncie, IN, 47303

Market rate 226 units (unit count basis: listing-reported) Built 2014 FEMA/NRI hazard read: Relatively Low

Asking & effective rent by bedroom

Average asking rent across observed units: $1,080. Average effective rent: $1,080.

TypeAsking rentEffective rentAvg sqftObservations
Studio$1,170$1,1704711
1 bedroom$1,515$1,5156252
2 bedroom$980$9809891
3 bedroom$699$6991,2441
4+ bedroom$599$5991,5681

HUD Fair Market Rent gap

HUD area: Muncie, IN MSA.

FMR comparison not observed for this property.

Amenities

10-Month Leases AvailableBusiness CenterCovered ParkingFitness CenterFurnished ApartmentsGame RoomHot TubRooftop LoungeSwimming Pool

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
Millennium Place Muncie, IN 1.33 mi not observed 61%
The Alan Muncie, IN 1 mi $945 55%
Silvertree Communities Muncie, IN 1.81 mi $422 43%

Sources & provenance

Sourced from https://villagepromenade.com/floor-plans/ — 1 observation(s), last observed Aug 1, 2026.

Sourced from https://villagepromenade.com/ — 5 observation(s), last observed Jul 27, 2026.

Data age: 16 days. Last observed: Aug 1, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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