Cheap Homes for Rent in Bloomington, IL from $700 (7 Rentals)

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Search the lowest-cost Homes available for rent right now in Bloomington.

property at 1302 N Center St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

3 Bedroom, 3 Bath Townhome for Rent

Available Jan 4, 2027

1302 N Center St

BloomingtonIL61701

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.

property at 710 N Lee St

$1,240

Total Monthly Price

Total Monthly Price

Base Rent
$1,240

Total Monthly Price
$1,240

2 Bedroom, 1 Bath Home for Rent

Available Now

710 N Lee St

BloomingtonIL61701

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.

property at 1510 Hancock Dr

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 2.5 Bath Condo for Rent

Available Now

1510 Hancock Dr, Unit 1510 Hancock dr 2

1510 Hancock Dr
NormalIL61761

Bloomington, IL Local Guide

Cheapest Neighborhoods for Apartments in Bloomington, IL

Pricing Updated: 08/16/2026

Current apartment rentals in the Bloomington, IL area range in price from $530 to $7,452 with an overall median price of $1,120. Here is today’s list neighborhoods with the lowest median pricing for Bloomington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Bloomington$1,120$53078

Cheapest Available Bloomington Apartments for Rent

 

The cheapest available apartment rental in Bloomington, IL is a 3 Beds unit found at 701 Franklin in the Downtown Normal neighborhood priced from $530. Washington Senior Apartments in the Downtown Bloomington neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $546. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
701 FranklinApt 13BR,1BA$530
Washington Senior ApartmentsStudioStudio,1BA$546
Cortez ApartmentsUnfurnished1BR,1BA$825

Best Value Apartments for Rent in Bloomington, IL

As of August 16, 2026 the best value apartment in the 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 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 Bloomington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
902 S University St902 S University St5BR,3BA$0.35
The Social on Hovey4 Balcony Renovated4BR,4BA$0.49
The Social at Illinois State4x4 Furnished Townhome4BR,4BA$0.47
1006 Samantha StPer Student for 22BR,1.5BA$0.51
605 Kingsley St4 person rate4BR,3BA$0.48
200 S LindenRent per Person for 22BR,1BA$0.58
21 Flora WayPer Person for 22BR,1.5BA$0.53
701 FranklinApt 13BR,1BA$0.48
212 Lindell Dr, Unit D212 Lindell Dr2BR,1.5BA$0.65
113 W Willow St2 person Rate2BR,1BA$0.73

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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Frequently Asked Questions about Bloomington

What type of rentals are currently available in Bloomington?

There are currently 454 Apartments for Rent in Bloomington, IL with pricing that ranges from $530 to $10,130. There are also 47 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $700 to $5,500.

What is the current price range for Rental Homes in Bloomington?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Bloomington ranges from $700 to $5,500 with an average monthly rent of $2,049.

How much are larger Three and Four Bedroom Rentals in Bloomington?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Bloomington range from $530 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $650.

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.