Cheap Apartments for Rent in the Downtown Bloomington Neighborhood of Bloomington, IL from $500 (83 Rentals)

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

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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603 E Jefferson St, Unit 1
$1,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000
1 Bedroom Apartment Available Now

603 E Jefferson St, Unit 1

603 E Jefferson StBloomington, IL 61701
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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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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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
  • Utilities Included
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Harms Apartments
Studio to 1 Bedroom Apartments

Harms Apartments

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

320 Riley Dr

320 Riley DrBloomington, 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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Anglers Cove
1 to 2 Bedroom Apartments

Anglers Cove

1002 Arlene CtBloomington, IL 61701
  • Utilities Included
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314 E Locust
Studio to 3 Bedroom Apartments

314 E Locust

314 E LocustBloomington, IL 61701

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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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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1007 Arlene
2 Bedroom Apartments

1007 Arlene

1007 Arlene CtBloomington, IL 61701
  • Utilities Included
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314 Mecherle
1 to 2 Bedroom Apartments

314 Mecherle

314 Mecherle DrBloomington, IL 61701
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9 Willedrob Road
1 to 2 Bedroom Apartments

9 Willedrob Road

9 Willedrob RdBloomington, IL 61701
  • Utilities Included
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Anglers
2 Bedroom Apartments

Anglers

1005 Arlene CtBloomington, IL 61701
  • Utilities Included
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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
  • Utilities Included
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Mercer Park Apartments
1 to 2 Bedroom Apartments

Mercer Park Apartments

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

2 Willedrob

2 WilledrobBloomington, IL 61701

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.

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 1 Bed unit found at Class Act Realty priced from $835. Currency Commons Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $840. Here are the most affordable Downtown Bloomington apartments for rent in Bloomington, IL:

Apartment ListingModel NameBed/BathPriced From
Class Act Realty1 Bedroom1BR,1BA$835
Currency Commons Apartments1B1B1BR,1BA$840
East Douglas Apartments2BR/ 1BA2BR,1BA$900
The Grove at Main2/1 URB2BR,1BA$925
Prairie Mill2/12BR,1BA$999
The Oaks2 Bed - Oaks2BR,1BA$1,000

Best Value Apartments for Rent in Downtown Bloomington, IL

As of June 17, 2026 the best value apartment in the Downtown Bloomington area is the $1.00 price per square foot 203 Model at 218 N Center St in the in the Downtown Bloomington neighborhood starting from $1,500. The second greatest value Downtown Bloomington apartment is the Per Student for 2 Model at 1006 Samantha St starting at $710 with a $0.51 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.
218 N Center St2031BR,1.5BA$1.00
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
1608 Bryan St2 Beds, 1.5 baths2BR,1.5BA$0.98
The Social on Hovey2 Balcony2BR,2BA$0.98
1211 Wall St, Unit 11211 Wall St2BR,1BA$1.05

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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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 the price of a cheap apartment in Downtown Bloomington?

The cheapest apartment in Downtown Bloomington is Class Act Realty which is listed at $835, while the average apartment in Downtown Bloomington costs $1,600.

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 $607 which is $993 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

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.