Cheap Apartments for Rent in the Downtown Bloomington Neighborhood of Bloomington, IL from $500 (76 Rentals)

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

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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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Anglers Manor Apartments
1 Bedroom Apartments

Anglers Manor Apartments

1017 S Mercer AveBloomington, IL 61701
Senior Living
  • Utilities Included
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909 N Main St
Studio to 2 Bedroom Apartments

909 N Main St

909 N Main StBloomington, IL 61701
  • Utilities Included

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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Heartland Apartments
1 to 4 Bedroom Apartments

Heartland Apartments

922-924 W Front StBloomington, IL 61701
  • Utilities Included
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Garden Grove
1 to 2 Bedroom Apartments

Garden Grove

1206 E Grove StBloomington, IL 61701
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Harms Apartments
Studio to 1 Bedroom Apartments

Harms Apartments

705 N McLean StBloomington, IL 61701
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320 Riley Dr
2 Bedroom Apartments

320 Riley Dr

320 Riley DrBloomington, IL 61701
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Anglers Cove
1 to 2 Bedroom Apartments

Anglers Cove

1002 Arlene CtBloomington, IL 61701
  • Utilities Included
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President Place Apartments
1 to 2 Bedroom Apartments

President Place Apartments

818-824 E Washington StBloomington, IL 61701
Corporate Housing
  • Utilities Included
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314 E Locust
Studio to 3 Bedroom Apartments

314 E Locust

314 E LocustBloomington, IL 61701

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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2001 S Morris Ave
1 to 2 Bedroom Apartments

2001 S Morris Ave

2001 S Morris AveBloomington, IL 61704
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314 Mecherle
1 to 2 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
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Anglers
2 Bedroom Apartments

Anglers

1005 Arlene CtBloomington, IL 61701
  • Utilities Included
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9 Willedrob Road
1 to 2 Bedroom Apartments

9 Willedrob Road

9 Willedrob RdBloomington, IL 61701
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5 Willedrob Rd
1 to 2 Bedroom Apartments

5 Willedrob Rd

5 Willedrob RdBloomington, IL 61701
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Highland Hills Apartments
1 to 2 Bedroom Apartments

Highland Hills Apartments

1706-1718 Springfield RdBloomington, IL 61701
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Mercer Park Apartments
1 to 2 Bedroom Apartments

Mercer Park Apartments

1004 S Mercer AveBloomington, IL 61701
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2 Willedrob
1 to 2 Bedroom Apartments

2 Willedrob

2 WilledrobBloomington, IL 61701
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Riley Place Apartments
1 to 2 Bedroom Apartments

Riley Place Apartments

333-337 Riley DrBloomington, IL 61701
Corporate Housing
  • 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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Downtown Bloomington, Bloomington, IL Local Guide

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. Class Act Realty has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here are the most affordable Downtown Bloomington apartments for rent in Bloomington, IL:

Apartment ListingModel NameBed/BathPriced From
Washington Senior ApartmentsStudioStudio,1BA$546
Class Act Realty1 Bedroom1BR,1BA$820
Currency Commons Apartments1B1B1BR,1BA$840

Best Value Apartments for Rent in Downtown Bloomington, IL

As of August 01, 2026 the best value apartment in the Downtown 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 Downtown 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 Downtown 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
Oak Creek Plaza2 Bed / 1 Bath | Vaulted Ceilings LVP Flooring2BR,1BA$1.04
701 FranklinApt 54BR,1BA$0.45
1608 Bryan St2 Beds, 1.5 baths2BR,1.5BA$0.98
1007 Arlene Ct1007 Arlene Ct2BR,2BA$0.80
1917 Tracy Dr1917 Tracy Dr2BR,1BA$0.99

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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Pet Friendly Lifestyle
Downtown Bloomington, Bloomington, IL

Ranked #2

Among cities in Illinois for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $840.

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 $820, 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 12 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 $410 which is $665 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

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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.