
Cheap Homes for Rent in the Downtown Bloomington Neighborhood of Bloomington, IL from $500 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Bloomington area of Bloomington.

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.

809 Kingsley 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.
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 | $1,560 | $1,245 | $1,850 |
| Downtown Bloomington 3 Bedroom Homes for Rent | $1,914 | $1,695 | $2,200 |
| Downtown Bloomington 4 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Browse Homes for Rent in this Neighborhood
There are currently 2 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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Best Value Apartments for Rent in Downtown Bloomington, IL
As of July 27, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 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 |
| Oak Creek Plaza | 2 Bed / 1 Bath | 2BR,1BA | $0.91 |
| 701 Franklin | Apt 5 | 4BR,1BA | $0.45 |
| 1608 Bryan St | 2 Beds, 1.5 baths | 2BR,1.5BA | $0.98 |
| 1007 Arlene Ct | 1007 Arlene Ct | 2BR,2BA | $0.80 |
| 1917 Tracy Dr | 1917 Tracy Dr | 2BR,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.
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 239 Apartments for Rent in Downtown Bloomington, IL with pricing that ranges from $546 to $7,267. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Bloomington ranging from $550 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 $550 to $2,200 with an average monthly rent of $1,682.
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 $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $749.
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.

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.

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.

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.