
Cheap Apartments for Rent in the Downtown Bloomington Neighborhood of Bloomington, IL from $500 (83 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Bloomington area of Bloomington.


233 Avenue E

Currency Commons Apartments

Total Monthly Price
510 S Clayton St

804 S Morris Ave

Total Monthly Price
710 Douglas St

704 W Monroe St

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

East Douglas Apartments

Total Monthly Price
814 N Prairie St
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.

The Grove at Main

912 N Madison St

407 N Clinton St

315 Riley Dr

719 W Jefferson St

909 W Taylor St

Total Monthly Price
603 E Jefferson St, Unit 1

1414 Croxton Ave

The Oaks

Fox Hill Apartments
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.

Lincoln Lofts

Brickyard Apartments

510 W Washington St

610 N Mclean St

Danbury Court

306 Robinhood Ln

Elm Point Apartments

3 Stortz Drive

Anglers Manor Apartments

909 N Main St
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.

Heartland Apartments

Garden Grove

Mecherle Apartments

Harms Apartments

1701-1705 RT Dunn Dr

Lafayette Apartments

320 Riley Dr

President Place Apartments

Anglers Cove

314 E Locust
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.

2001 S Morris Ave

1007 Arlene

314 Mecherle

9 Willedrob Road

1718-1720 RT Dunn Dr

Anglers

5 Willedrob Rd

Highland Hills Apartments

Mercer Park Apartments

2 Willedrob
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

How much does it cost to rent an apartment in Downtown Bloomington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Bloomington Studio Apartments | $1,407 | $546 | $2,269 |
| Downtown Bloomington 1 Bedroom Apartments | $1,523 | $835 | $5,194 |
| Downtown Bloomington 2 Bedroom Apartments | $1,201 | $575 | $4,607 |
| Downtown Bloomington 3 Bedroom Apartments | $2,011 | $1,300 | $4,500 |
| Downtown Bloomington 4 Bedroom Apartments | $1,114 | $739 | $2,185 |
Browse Apartments in this Neighborhood
There are currently 83 rentals with your search options within a 2 mile radius of the Downtown Bloomington Neighborhood of Bloomington, IL.
See all Apartments in BloomingtonExplore Bloomington
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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Class Act Realty | 1 Bedroom | 1BR,1BA | $835 |
| Currency Commons Apartments | 1B1B | 1BR,1BA | $840 |
| East Douglas Apartments | 2BR/ 1BA | 2BR,1BA | $900 |
| The Grove at Main | 2/1 URB | 2BR,1BA | $925 |
| Prairie Mill | 2/1 | 2BR,1BA | $999 |
| The Oaks | 2 Bed - Oaks | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 218 N Center St | 203 | 1BR,1.5BA | $1.00 |
| 1006 Samantha St | Per Student for 2 | 2BR,1.5BA | $0.51 |
| 605 Kingsley St | 4 person rate | 4BR,3BA | $0.47 |
| 200 S Linden | Rent per Person for 2 | 2BR,1BA | $0.58 |
| 21 Flora Way | Per Person for 2 | 2BR,1.5BA | $0.53 |
| East Douglas Apartments | 2BR/ 1BA | 2BR,1BA | $0.75 |
| 701 Franklin | Apt 5 | 4BR,1BA | $0.45 |
| 1608 Bryan St | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.98 |
| The Social on Hovey | 2 Balcony | 2BR,2BA | $0.98 |
| 1211 Wall St, Unit 1 | 1211 Wall St | 2BR,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.
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 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

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.

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.

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.

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.