Cheap Homes for Rent in Bloomington, MN from $1,200 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in Bloomington.

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.

Bloomington - One of the Best Affordable Neighborhoods in Minneapolis

Named as one of the Best Affordable Areas to rent in Minneapolis by our Minneapolis Local Expert Stephanie Lica. See how it ranks!

Bloomington, MN Local Guide

Cheapest Neighborhoods for Apartments in Bloomington, MN

Pricing Updated: 04/29/2025

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$2,982$1,16581

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 $925. Heritage Hills in the Bloomington West 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$925
Heritage Hills1 Bedroom A1BR,1BA$995
Carriage Manor Apartments1BR/1BA1BR,1BA$995

Best Value Apartments for Rent in Bloomington, MN

As of April 29, 2025 the best value apartment in the Bloomington area is the $1.36 price per square foot 12916 Harmony Cir Model at 12916 Harmony Cir, Unit Basement in the in the Vista View neighborhood starting from $1,900. The second greatest value Bloomington apartment is the Toulouse Model at France 98 starting at $1,822 with a $1.34 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.
12916 Harmony Cir, Unit Basement12916 Harmony Cir2BR,1BA$1.36
France 98Toulouse2BR,2BA$1.34
Blooming Meadows North2 Bedroom2BR,1BA$1.30
Upper Post FlatsTwo Bedroom Townhome - 2U2BR,1BA$1.23
Silver Bell Apartments2 Bedroom 1 and Half Bath2BR,1.5BA$1.39
The Hamilton 55+ Senior ApartmentsC2BR,2BA$1.35
Metropolitan Towers1.1+denB1BR,1BA$1.30
Richland CourtThe Lucas2BR,1BA$1.30
Nicollet South ApartmentsSenior 1 bedroom1BR,1BA$1.29
Lynn CourtItasca1BR,1BA$1.41

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Frequently Asked Questions about Bloomington

What type of rentals are currently available in Bloomington?

There are currently 440 Apartments for Rent in Bloomington, MN with pricing that ranges from $925 to $11,178. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $1,250 to $4,500.

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 $1,250 to $4,500 with an average monthly rent of $2,405.

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 $1,685 to $8,647, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $2,840. Four Bedroom Single-Family rentals are also available starting from $2,150 and Four Bedroom Apartments start at $2,072.

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.

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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.