Cheap Apartments for Rent in the Downtown Bloomington IN Neighborhood of Bloomington, IN from $300 (107 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Bloomington IN area of Bloomington.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1020 W 6th St

1020 W 6th St

BloomingtonIN47404

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 905-907 E 13th St

905-907 E 13th St

BloomingtonIN47408

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 412 E 4th St

412 E 4th St

BloomingtonIN47401
property at 710 N Lincoln St

710 N Lincoln St

BloomingtonIN47408
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Crescent Pointe
2 to 4 Bedroom Apartments

Crescent Pointe

1830 W 17th StBloomington, IN 47404
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Patterson Pointe
1 to 2 Bedroom Apartments

Patterson Pointe

454 S Westplex AveBloomington, IN 47403
Senior Living
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Crescent Pointe
2 to 4 Bedroom Apartments

Crescent Pointe

1200 N Crescent RdBloomington, IN 47404
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Grant Street
1 Bedroom Apartments

Grant Street

800 N Grant StBloomington, IN 47408
  • Utilities Included
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Country View Apartments
1 to 4 Bedroom Apartments

Country View Apartments

2500 S Rockport RdBloomington, IN 47403
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Campus Walk
Studio to 2 Bedroom Apartments

Campus Walk

413 S Henderson StBloomington, IN 47401
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Canadian Apartments
1 Bedroom Apartments

Canadian Apartments

327-329 W 1st StBloomington, IN 47403
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Dorchester
Studio to 2 Bedroom Apartments

Dorchester

1516 S Dorchester DrBloomington, IN 47401
Student Housing
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The Arch Bloomington
1 to 3 Bedroom Apartments

The Arch Bloomington

703 W Gourley PikeBloomington, IN 47404
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Showing Results 1-50, Page 1 of 3

Downtown Bloomington IN, Bloomington, IN Local Guide

Cheapest Available Downtown Bloomington IN Apartments for Rent

 

The cheapest available apartment rental in the Downtown Bloomington IN area of Bloomington, IN is a Studio unit found at Kingston Manor priced from $675. Vivo Living has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Downtown Bloomington IN apartments for rent in Bloomington, IN:

Apartment ListingModel NameBed/BathPriced From
Kingston ManorEfficiencyStudio,1BA$675
Vivo LivingVivo Living - Studios - AVAILABLE NOW Reduced r...Studio,1BA$699
Northcrest2 Bedroom2BR,1BA$815
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Union at Crescent1 Bed 1 Bath1BR,1BA$866
CedargateOne Bed One Bath1BR,1BA$899
The Crossing at Pete Ellis1 Bedroom1BR,1BA$900
Summit PointeWoodland1BR,1BA$900
Hickory GrovePoplar2BR,1BA$909
3 SquareJStudio,1BA$950

Best Value Apartments for Rent in Downtown Bloomington IN, IN

As of May 19, 2025 the best value apartment in the Downtown Bloomington IN area is the $0.80 price per square foot 3 Bed 1.5 Bath Without Garage Model at Millennium Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,195. The second greatest value Downtown Bloomington IN apartment is the 3 Bedroom 3 Bath on Amaryllis Model at Hoosier Court Apartments starting at $1,400 with a $0.97 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Downtown Bloomington IN apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Millennium Apartments3 Bed 1.5 Bath Without Garage3BR,1.5BA$0.80
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
StageyardThe Celer (per bed)3BR,3BA$0.84
Urban StationThe Vertex (per bed)3BR,3BA$0.85
The League Bloomington10 North 2x2 XL2BR,2BA$1.24
Park on Morton2x2 Corner2BR,2BA$1.19
1545 S Stone Dr, Unit stone Drive1545 S Stone Dr2BR,2BA$1.20
Heritage ApartmentsThe Tulip3BR,1BA$1.11
Hickory GrovePoplar2BR,1BA$1.01
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Bloomington In, Bloomington, IN

Ranked #1

Among neighborhoods in Bloomington, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Downtown Bloomington In, Bloomington, IN

School data provided by Great Schools

Getting Around the Downtown Bloomington IN Neighborhood in Bloomington, IN

Walk Score®

81 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

75 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

34 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Downtown Bloomington IN Apartments

What is a cheap apartment in Downtown Bloomington IN?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Bloomington IN is under $950.

What is the price of a cheap apartment in Downtown Bloomington IN?

The cheapest apartment in Downtown Bloomington IN is Kingston Manor which is listed at $730, while the average apartment in Downtown Bloomington IN costs $7,665.

What types of apartments are the cheapest in Downtown Bloomington IN?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 145 regular apartments in Downtown Bloomington IN that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Bloomington IN?

Cheap apartments in Downtown Bloomington IN have an average cost of $584 which is $7,081 cheaper than the average rent for all rentals in Downtown Bloomington IN.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.