
Cheap Homes for Rent in the Downtown Bloomington Neighborhood of Bloomington, IL from $750 (9 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Bloomington area of Bloomington.


407 E Monroe St

611 W Jefferson St

403 1/2 E Monroe St
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.

403 E Monroe St

909 E Emerson St

710 N Lee St

612 1/2 E Chestnut 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.

928 W Grove St, Unit 1
Downtown Bloomington, Bloomington, IL Local Guide

How much does it cost to rent a home in Downtown Bloomington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Bloomington 2 Bedroom Homes for Rent | $1,466 | $850 | $1,850 |
| Downtown Bloomington 3 Bedroom Homes for Rent | $1,726 | $1,275 | $2,200 |
| Downtown Bloomington 4 Bedroom Homes for Rent | $1,700 | $1,700 | $1,700 |
Browse Homes for Rent in this Neighborhood
There are currently 9 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 |
Best Value Apartments for Rent in Downtown Bloomington, IL
As of September 10, 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 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 starting at $749 with a $0.49 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. |
|---|---|---|---|
| 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 | $0.51 |
| 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 | $0.75 |
| 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 Downtown Bloomington
What type of rentals are currently available in Downtown Bloomington?
There are currently 250 Apartments for Rent in Downtown Bloomington, IL with pricing that ranges from $546 to $9,669. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Bloomington ranging from $750 to $2,200.
What is the current price range for Rental Homes in Downtown Bloomington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Bloomington ranges from $750 to $2,200 with an average monthly rent of $1,561.
How much are larger Three and Four Bedroom Rentals in Downtown Bloomington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Bloomington range from $1,300 to $1,865, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $689.
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.

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.

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.