
Cheap Apartments for Rent in the Downtown Bloomington Neighborhood of Bloomington, IL from $500 (82 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Bloomington area of Bloomington.


Total Monthly Price
1110 W Jackson St, Unit 1

Total Monthly Price
701 W Front St

The Grove at Main

Total Monthly Price
306 S Gridley St

Total Monthly Price
511 E Olive St

East Douglas Apartments

Total Monthly Price
408 N Main St, Unit 408

Total Monthly Price
1917 Tracy Dr

Danbury Court
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.

The Oaks

Currency Commons Apartments

Total Monthly Price
512 E Jefferson St, Unit Upper

Total Monthly Price
404 E Mulberry St, Unit 2nd floor

Fox Hill Apartments

Lincoln Lofts

803 W Wood St

910 Summit St

1000 E Washington St

610 N Mclean St
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.

Anglers Manor Apartments

909 N Main St

Heartland Apartments

Garden Grove

Mecherle Apartments

Harms Apartments

1701-1705 RT Dunn Dr

Lafayette Apartments

320 Riley Dr

Anglers Cove
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.

President Place Apartments

314 E Locust

2001 S Morris Ave

311 E Locust St

1007 Arlene

314 Mecherle

Peirce Avenue Apartments

2 Willedrob

Anglers

1718-1720 RT Dunn Dr
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.

Highland Hills Apartments

Mercer Park Apartments

611 W Jefferson St

1915 Tracy Dr

6 Willedrob

403 1/2 E Monroe St

Holiday Park Apartments

608 1/2 E Monroe

Fairway Apartments

407 E Monroe St
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.
Downtown Bloomington, Bloomington, IL Local Guide

How much does it cost to rent an apartment in Downtown Bloomington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Bloomington Studio Apartments | $955 | $546 | $1,589 |
| Downtown Bloomington 1 Bedroom Apartments | $1,550 | $700 | $5,134 |
| Downtown Bloomington 2 Bedroom Apartments | $1,522 | $800 | $9,379 |
| Downtown Bloomington 3 Bedroom Apartments | $1,490 | $1,300 | $1,865 |
| Downtown Bloomington 4 Bedroom Apartments | $1,005 | $689 | $2,200 |
Browse Apartments in this Neighborhood
There are currently 82 rentals with your search options within a 2 mile radius of the Downtown Bloomington Neighborhood of Bloomington, IL.
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Downtown Bloomington, Bloomington, IL Local Guide
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Cheapest Available Downtown Bloomington Apartments for Rent
 The cheapest available apartment rental in the Downtown Bloomington area of Bloomington, IL is a Studio unit found at Washington Senior Apartments priced from $546. 1208Major has the second lowest priced unit, which is a Studio apartment currently listed from $785. Here are the most affordable Downtown Bloomington apartments for rent in Bloomington, IL:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Washington Senior Apartments | Studio | Studio, 1BA | $546 |
| 1208Major | 0BR/1.0BA | Studio, 1BA | $785 |
| Class Act Realty | 1 Bedroom | 1BR, 1BA | $840 |
| 608 1/2 E Monroe | 1BR/1.0BA | 1BR, 1BA | $895 |
Best Value Apartments for Rent in Downtown Bloomington, IL
As of September 19, 2026 the best value apartment in the Downtown Bloomington area is the $0.35 price per square foot 902 S University St Model at 902 S University St in the Downtown Normal neighborhood starting from $700. The second greatest value Downtown Bloomington apartment is the 4 Balcony Renovated Model at The Social on Hovey in the Downtown Normal neighborhood starting at $749 with a $0.49 price per square foot. Here is today’s list of the best values for Downtown Bloomington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 902 S University St | 902 S University St | 5BR, 3BA | $0.35 |
| The Social on Hovey | 4 Balcony Renovated | 4BR, 4BA | $0.49 |
| The Social at Illinois State | 4x4 Furnished Townhome | 4BR, 4BA | $0.47 |
| 1006 Samantha St | Per Student for 2 | 2BR, 1.5BA | $0.52 |
| 605 Kingsley St | 4 person rate | 4BR, 3BA | $0.48 |
| 200 S Linden | Rent per Person for 2 | 2BR, 1BA | $0.58 |
| 21 Flora Way | Per Person for 2 | 2BR, 1.5BA | $0.52 |
| East Douglas Apartments | 2BR/ 1BA | 2BR, 1BA | $0.75 |
| 511 E Olive St | 511 E Olive St | 2BR, 1BA | $0.76 |
| 701 Franklin | Apt 1 | 3BR, 1BA | $0.48 |
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.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleDowntown Bloomington, Bloomington, IL
Ranked #2
Among cities in Illinois for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Bloomington Apartments
What is a cheap apartment in Downtown Bloomington?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Bloomington is under $895.
What is the price of a cheap apartment in Downtown Bloomington?
The cheapest apartment in Downtown Bloomington is Class Act Realty which is listed at $840, while the average apartment in Downtown Bloomington costs $1,075.
What types of apartments are the cheapest in Downtown Bloomington?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 18 regular apartments in Downtown Bloomington that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Bloomington?
Cheap apartments in Downtown Bloomington have an average cost of $419 which is $656 cheaper than the average rent for all rentals in Downtown Bloomington.
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

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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.