Cheap Apartments for Rent in Bloomington, IL from $400 (164 Rentals)

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

property at 233 Avenue E

$550

Total Monthly Price

Total Monthly Price

Base Rent
$550
Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

233 Avenue E

BloomingtonIL61704
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1110 W Jackson St
$720 - $870
Total Monthly Price

Total Monthly Price

Base Rent
$720 - $870
Total Monthly Price
$720 - $870
1 to 2 Bedroom Apartment Available Now

1110 W Jackson St

1110 W Jackson StBloomington, IL 61701
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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.

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property at 710 N Lee St

$1,245

Total Monthly Price

Total Monthly Price

Base Rent
$1,245
Total Monthly Price
$1,245

2 Bedroom, 1 Bath Home for Rent

Available Now

710 N Lee St

BloomingtonIL61701
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Anglers Manor Apartments
1 Bedroom Apartments

Anglers Manor Apartments

1017 S Mercer AveBloomington, IL 61701
Senior Living
  • Utilities Included

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.

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Bloomington, IL Local Guide

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Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Bloomington, IL

Pricing Updated: 07/29/2026

Current apartment rentals in the Bloomington, IL 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$1,995$55013

Cheapest Available Bloomington Apartments for Rent

 

The cheapest available apartment rental in Bloomington, IL is a Studio unit found at Washington Senior Apartments in the Downtown Bloomington neighborhood priced from $546. Broadmoor Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Washington Senior ApartmentsStudioStudio,1BA$546
Broadmoor ParkCortez 1 Bedroom 1 Bath1BR,1BA$795
Class Act Realty1 Bedroom1BR,1BA$815
Cortez ApartmentsUnfurnished1BR,1BA$825
Currency Commons Apartments1B1B1BR,1BA$840

Best Value Apartments for Rent in Bloomington, IL

As of July 29, 2026 the best value apartment in the Bloomington area is the $0.51 price per square foot Per Student for 2 Model at 1006 Samantha St in the in the Downtown Normal neighborhood starting from $710. The second greatest value Bloomington apartment is the 4 person rate Model at 605 Kingsley St starting at $630 with a $0.47 price per square foot in the Downtown Normal 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.
1006 Samantha StPer Student for 22BR,1.5BA$0.51
605 Kingsley St4 person rate4BR,3BA$0.47
200 S LindenRent per Person for 22BR,1BA$0.58
21 Flora WayPer Person for 22BR,1.5BA$0.53
East Douglas Apartments2BR/ 1BA2BR,1BA$0.75
701 FranklinApt 54BR,1BA$0.45
1007 Arlene Ct1007 Arlene Ct2BR,2BA$0.80
700 N Adelaide StRent Per Student for 22BR,1.5BA$0.79
113 W Willow St2 person Rate2BR,1BA$0.73
1505 HancockPer person for 22BR,1BA$0.79

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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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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Bloomington Overview

Bloomington is a city located in the heart of Illinois with a population of 78,730 according to the 2014 census. People love to visit the numerous shopping outlets and its noted historical landmarks. This place has plenty of activities to explore, making it a great place to live within one of our Bloomington apartments.

Why live in Bloomington, IL?

The city of Bloomington attracts people from all areas of Central Illinois because of its numerous retailers located in a concentrated area. You have Bergners, Best Buy, Home Depot, Sears, Van Maur, Sam�s Club as well as Walmart to name a few. These businesses are just the tip of the iceberg in all the activities this town has for you to explore. You can also enjoy art, checking out the historical sites, visiting fine dining establishments and enjoying the nightlife. Many families make come for a fun-filled weekend excursion or day trip during the summertime. You can experience the friendliness of everyone, when you live in one of our apartments here in Bloomington.

Best Local Schools in
Bloomington, IL

School data provided by Great Schools

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

Explore Bloomington, IL Rentals by Map

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See the most popular apartments and homes in Bloomington, IL

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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 Washington Senior Apartments listed at $546.

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

The lowest price for a Cheap One Bedroom Bloomington Apartment is $795 at Broadmoor Park.

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 $855 at 212 College Park Dr.

What is the most affordable Bloomington Three Bedroom Apartment?

The best deal on a cheap Bloomington Three Bedroom Apartment rental is at Traditions Bloomington and starts from $1,325.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.