Cheap Homes for Rent in Bloomington, MN from $1,000 (15 Rentals)

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Bloomington, MN Local Guide

Cheapest Neighborhoods for Apartments in Bloomington, MN

Pricing Updated: 03/25/2025

Current apartment rentals in the Bloomington, MN 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
Normandale Lake$2,795$1,1651057

Cheapest Available Bloomington Apartments for Rent

 

The cheapest available apartment rental in Bloomington, MN is a Studio unit found at Richlyn Apartments in the Armatage neighborhood priced from $987. Nicollet Court in the Southwest Richfield neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Richlyn Apartments0BR/1.0BAStudio,1BA$987
Nicollet Court1.1bed1BR,1BA$995
Carriage Manor Apartments1BR/1BA1BR,1BA$995
7700 Bloomington Ave South1 Bedroom1BR,1BA$999
Chateau on FranceStudioStudio,1BA$1,000

Best Value Apartments for Rent in Bloomington, MN

As of March 25, 2025 the best value apartment in the Bloomington area is the $1.08 price per square foot 7538 4th Ave S Model at 7538 4th Ave S in the in the Southwest Richfield neighborhood starting from $2,699. The second greatest value Bloomington apartment is the Toulouse Model at France 98 starting at $1,658 with a $1.22 price per square foot in the Bloomington West neighborhood. 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.
7538 4th Ave S7538 4th Ave S4BR,3BA$1.08
France 98Toulouse2BR,2BA$1.22
Blooming Meadows North2 Bedroom2BR,1BA$1.30
The Arbors1.1+den1BR,1BA$1.13
Silver Bell Apartments2 Bedroom 1 and Half Bath2BR,1.5BA$1.29
River Ridge Apartments2BR/1.0BA2BR,1BA$1.34
Metropolitan Towers1.1+denB1BR,1BA$1.30
Southview Estates1 Bedroom1BR,1BA$1.37
Richland CourtThe Lucas2BR,1BA$1.26
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1.29

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Frequently Asked Questions about Bloomington

What type of rentals are currently available in Bloomington?

There are currently 437 Apartments for Rent in Bloomington, MN with pricing that ranges from $845 to $11,816. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $1,050 to $3,995.

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 $1,050 to $3,995 with an average monthly rent of $2,362.

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 $1,575 to $11,448, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,750 to $3,495. Four Bedroom Single-Family rentals are also available starting from $2,465 and Four Bedroom Apartments start at $2,495.

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 A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis article

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis

Written by: Stephanie Lica

I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

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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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

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.