Cheap Apartments for Rent in Bloomington, IN from $510 (259 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Read Article

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.

Read Article
property at 303 E Smith Ave

$850 - $865

1 Bedroom Rentals

Available Now

303 E Smith Ave

BloomingtonIN47401
property at 609 S Walnut St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

3 Bedroom, 3 Bath Home for Rent

Available Now

609 S Walnut St

BloomingtonIN47401

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.

Read Article

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.

Read Article
property at 1214 N Grant St

$1,050

2 Bedroom Rentals

Available Aug 1, 2027

1214 N Grant St

BloomingtonIN47408

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.

Read Article
Showing Results 1-50, Page 1 of 6

Bloomington, IN Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Bloomington, IN

Pricing Updated: 08/29/2026

Current apartment rentals in the Bloomington, IN area range in price from $510 to $10,500 with an overall median price of $1,295. Here is today’s list neighborhoods with the lowest median pricing for Bloomington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Bloomington IN$1,295$510331

Cheapest Available Bloomington Apartments for Rent

 

The cheapest available apartment rental in Bloomington, IN is a 1 Bed unit found at 423 S Fess Ave in the Downtown Bloomington IN neighborhood priced from $625. 501 N Walnut St in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
423 S Fess Ave1BR/1.0BA1BR,1BA$625
501 N Walnut St501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath!4BR,3BA$699
Woodland Springs1 Bedroom1BR,1BA$725
Vivo LivingVivo Living - Petite Studio Remodeled - SUBLEASEStudio,1BA$749
LoftonLofton - Individual Lease - 2bed/2bath1BR,2BA$749
Park RidgePark Ridge - 1 Bedroom - Waived Admin Fees & $3...1BR,1BA$749
3 SquareBStudio,1BA$750
Park North ApartmentsPark North Renovated - 240SF - AVAILABLE NOW!Studio,1BA$750
Acadia CourtStudioStudio,1BA$760
Hub Bloomington4x2 Pod4BR,2BA$799

Best Value Apartments for Rent in Bloomington, IN

As of August 29, 2026 the best value apartment in the Bloomington area is the $0.76 price per square foot The Blake Model at Regency Court Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,525. The second greatest value Bloomington apartment is the 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! Model at 501 N Walnut St starting at $699 with a $0.38 price per square foot in the Downtown Bloomington IN 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.
Regency Court ApartmentsThe Blake3BR,3.5BA$0.76
501 N Walnut St501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath!4BR,3BA$0.38
Crescent Park Apartments3 Bedroom3BR,2BA$0.87
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Urban StationThe Pulse II (per bed)2BR,2BA$0.65
Sassafras Hill ApartmentsThe Miller2BR,1.5BA$0.93
Bart Villa Apartments3 bed / 1 bath3BR,1BA$1.06
The Stratum at Indiana2x22BR,2BA$0.86
The MonroeB22BR,2BA$1.02
Woodland Springs1 Bedroom1BR,1BA$0.98

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Bloomington Overview

Home to unviersities, plenty of natural scenery and a welcoming, cheerful ambiance all its own, Bloomington is a premium slice of mid-western real estate that is in demand and well worthy of your consideration. Designated as a 'Tree City USA', this botanical hot spot is a gem of the Indiana scene.

Why live in Bloomington, IN?

Harkening back to a quaint, old-time quality of mid-western life, Bloomington rentals make an ideal option for anyone eager to discover all that Indiana has in store. From impressive floral beauty to much in the way of nightlife and shopping, this relaxed cityscape is the perfect place to attend school or raise a family.

Best Local Schools in
Bloomington, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Bloomington, IN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Bloomington, IN

View Map
Bloomington, IN Apartments Map
View Map
Bloomington, IN Rental Homes Map

Frequently Asked Questions about Cheap Bloomington Apartments

What is a cheap apartment in Bloomington?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Bloomington is under $799.

What is the price of a cheap apartment in Bloomington?

The cheapest apartment in Bloomington is 423 S Fess Ave which is listed at $625, while the average apartment in Bloomington costs $1,295.

What types of apartments are the cheapest in 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 154 regular apartments in 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 Bloomington?

Cheap apartments in Bloomington have an average cost of $730 which is $565 cheaper than the average rent for all rentals in 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 Rent According to Income: A Look at Income-Restricted Rentals article

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 Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

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.

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.