Cheap Homes for Rent in Bloomington, IN from $500 (46 Rentals)

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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Bloomington, IN Local Guide

Cheapest Neighborhoods for Apartments in Bloomington, IN

Pricing Updated: 04/28/2025

Current apartment rentals in the Bloomington, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Bloomington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Bloomington IN$9,850$55040

Cheapest Available Bloomington Apartments for Rent

 

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

Apartment ListingModel NameBed/BathPriced From
Kingston ManorEfficiencyStudio,1BA$675
Vivo LivingVivo Living - Studios - AVAILABLE NOW Reduced r...Studio,1BA$699
Northcrest1 Bedroom1BR,1BA$700
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
College Square ApartmentsThe Walnut1BR,1BA$915
46 Flats46 Flats - S2Studio,1BA$925
Acadia CourtStudioStudio,1BA$925

Best Value Apartments for Rent in Bloomington, IN

As of April 28, 2025 the best value apartment in the Bloomington area is the $0.97 price per square foot 3 Bedroom 3 Bath on Amaryllis Model at Hoosier Court Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,400. The second greatest value Bloomington apartment is the Sycamore With Office Model at Forest Ridge starting at $1,799 with a $1.29 price per square foot . Here is today’s list of the best values for Bloomington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Forest RidgeSycamore With Office3BR,2BA$1.29
StageyardThe Celer (per bed)3BR,3BA$0.82
Urban StationThe Vertex (per bed)3BR,3BA$0.92
THIRDTHIRD - The Knight - Bedroom A w/ Attached Bath...3BR,2BA$0.54
The League Bloomington10 North 2x2 XL2BR,2BA$1.24
Heritage ApartmentsThe Tulip3BR,1BA$1.11
Curry VillageCurry Village2BR,1BA$1.22
Summit PointeThe Evergreen1BR,1BA$1.25
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.25

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Frequently Asked Questions about Bloomington

What type of rentals are currently available in Bloomington?

There are currently 359 Apartments for Rent in Bloomington, IN with pricing that ranges from $600 to $8,200. There are also 267 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $550 to $9,850.

What is the current price range for Rental Homes in Bloomington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Bloomington ranges from $550 to $9,850 with an average monthly rent of $4,250.

How much are larger Three and Four Bedroom Rentals in Bloomington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Bloomington range from $910 to $4,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $550 to $5,550. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $790.

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.

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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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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.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.