Cheap Apartments for Rent in the Downtown Bloomington IN Neighborhood of Bloomington, IN from $300 (106 Rentals)

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

property at 615 W 6th St

615 W 6th St

BloomingtonIN47404
property at 612 S Fess Ave

612 S Fess Ave

BloomingtonIN47401
property at 802 W 7th St

802 W 7th St

BloomingtonIN47404
property at 710 N Lincoln St

710 N Lincoln St

BloomingtonIN47408
property at 412 E 2nd St

412 E 2nd St

BloomingtonIN47401
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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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Woodwind Terrace
1 to 2 Bedroom Apartments

Woodwind Terrace

101 S Pete Ellis DrBloomington, IN 47408
  • Utilities Included
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Grant Street
1 Bedroom Apartments

Grant Street

800 N Grant StBloomington, IN 47408
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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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Pavilion Properties
1 to 2 Bedroom Apartments

Pavilion Properties

501 N Walnut StBloomington, IN 47401
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Hickory Grove
1 to 3 Bedroom Apartments

Hickory Grove

505 N Walnut StBloomington, IN 47404
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 Vivo Living priced from $699. Northcrest has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Downtown Bloomington IN apartments for rent in Bloomington, IN:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Studios - AVAILABLE NOW Reduced r...Studio,1BA$699
Northcrest1 Bedroom1BR,1BA$700
Kingston Manor1 Bedroom1BR,1BA$730
Sunflower II1 Bed, 1 bath1BR,1BA$790
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$799
Union at Crescent1 Bed 1 Bath1BR,1BA$866
The Crossing at Pete Ellis1 Bedroom with Loft1BR,1BA$875
CedargateOne Bed One Bath1BR,1BA$899
Summit PointeWoodland1BR,1BA$900
3 SquareJStudio,1BA$950

Best Value Apartments for Rent in Downtown Bloomington IN, IN

As of April 13, 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$0.82
Urban StationThe Vertex (per bed)3BR,3BA$0.92
The League Bloomington10 North 2x2 XL2BR,2BA$1.24
Heritage ApartmentsThe Tulip3BR,1BA$1.11
Summit PointeThe Evergreen1BR,1BA$1.25
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.08
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.25
Kingston Manor1 Bedroom1BR,1BA$1.30

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 Northcrest which is listed at $700, while the average apartment in Downtown Bloomington IN costs $1,756.

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 127 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 $635 which is $1,121 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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.