Cheap Apartments for Rent in Bloomington, ID from $500 (12 Rentals)

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

property at 421 N Hooper Ave

$375 - $1,329

Studio To 3 Bedroom Rentals

Available Now

421 N Hooper Ave

Soda SpringsID83276

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 456 N 600 E

$500 - $825

4 Bedroom Rentals

Available Now

456 N 600 E

LoganUT84321

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Bloomington, ID Local Guide

Cheapest Available Bloomington Apartments for Rent and Nearby

 

The cheapest available apartment rental in Bloomington, ID is a 2 Beds unit found at South Valley priced from $695. Scenic View Apartment Homes has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
South Valley2 Bedroom 1 Bathroom2BR,1BA$695
Scenic View Apartment Homes1 BED 1 BATH1BR,1BA$695
The Bear NecessitiesFurnished StudiosStudio,1BA$700
70 Bear River Dr0/1Studio,1BA$750
Twin Creek Apartments1 Bedroom1BR,1BA$950

Best Value Apartments for Rent in Bloomington, ID and Nearby

As of May 08, 2026 the best value apartment in the Bloomington area is the $0.90 price per square foot 3 Beds, 2.5 baths Model at Jasper Loop in the starting from $1,875. The second greatest value Bloomington apartment is the Denali Model at The Factory starting at $695 with a $0.43 price per square foot in the Blackhawk 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.
Jasper Loop3 Beds, 2.5 baths3BR,2.5BA$0.90
The FactoryDenali4BR,3BA$0.43
Copperwoods at HarrisvilleMiddle3BR,2.5BA$1.29
Mountain View Townhomes3x2.5-13873BR,2.5BA$1.39
Patriot Pointe2x2.5-13422BR,2.5BA$1.38
Homestead Collection ApartmentsMagnolia 2X22BR,2BA$1.11
Canyon Cove Apartments2 Bedroom2BR,2BA$1.18
The Orchard on Oneida239-3 rooms3BR,2BA$1.18
South Valley2 Bedroom2BR,1BA$0.93
Brooklane ApartmentsAnnex6BR,6BA$0.90

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Bloomington Apartments

What is the Cheapest Studio apartment in Bloomington?

Currently the most affordable Cheap Studio Apartment in Bloomington is at The Bear Necessities listed at $700.

How much is rent for a Cheap One Bedroom Bloomington Apartment?

The lowest price for a Cheap One Bedroom Bloomington Apartment is $695 at Scenic View Apartment Homes.

What is the lowest price for a Cheap Two Bedroom Bloomington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Bloomington is starting from $695 at South Valley.

What is the most affordable Bloomington Three Bedroom Apartment?

The best deal on a cheap Bloomington Three Bedroom Apartment rental is at The Orchard on Oneida and starts from $1,295.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.