Cheap Apartments for Rent in Bloomington, IN from $300 (140 Rentals)

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

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.

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property at 1020 W 6th St

1020 W 6th St

BloomingtonIN47404

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 905-907 E 13th St

905-907 E 13th St

BloomingtonIN47408

Navigating 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.

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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: 06/14/2025

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

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Bloomington IN$7,665$700222

Cheapest Available Bloomington Apartments for Rent

 

The cheapest available apartment rental in Bloomington, IN is a 1 Bed unit found at Northcrest in the Downtown Bloomington IN neighborhood priced from $700. Kingston Manor in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $730. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Northcrest1 Bedroom1BR,1BA$700
Kingston Manor1 Bedroom1BR,1BA$730
Vivo LivingVivo Living - Petite StudioStudio,1BA$749
Regency Court ApartmentsThe Austen1BR,1BA$750
Acadia CourtStudioStudio,1BA$760
CedargateStudio StandardStudio,1BA$800
College Square ApartmentsThe Walnut1BR,1BA$815
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Union at Crescent1 Bed 1 Bath1BR,1BA$866
Woodland Springs2 Bedroom2BR,1BA$890

Best Value Apartments for Rent in Bloomington, IN

As of June 14, 2025 the best value apartment in the Bloomington area is the $0.97 price per square foot 3 Bedroom 3 Bath on Amaryllis Model at Hoosier Court Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,400. The second greatest value Bloomington apartment is the The Celer (per bed) Model at Stageyard starting at $1,114 with a $0.84 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.
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
StageyardThe Celer (per bed)3BR,3BA$0.84
Urban StationThe Vertex (per bed)3BR,3BA$0.85
THIRDTHIRD - The Knight - Bedroom A w/ Attached Bath...3BR,2BA$0.54
Park on Morton2x2 Corner2BR,2BA$1.19
The League Bloomington10 North 2x2 XL2BR,2BA$1.20
Hazel Briar CourtRose2BR,2BA$1.13
Woodland Springs2 Bedroom2BR,1BA$1.06
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16
Regency Court ApartmentsThe Austen1BR,1BA$1.16

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.

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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.

Bloomington, IN
Population: 84,981

Ranked #399

in US Census Population by City

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Pet Friendly Lifestyle
Bloomington, IN

Ranked #21

Among cities in Indiana for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

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See the most popular apartments and homes in Bloomington, IN

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Getting Around Bloomington, IN

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Transit Score®

19 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $890.

What is the price of a cheap apartment in Bloomington?

The cheapest apartment in Bloomington is Northcrest which is listed at $700, while the average apartment in Bloomington costs $7,665.

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 161 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 $669 which is $6,996 cheaper than the average rent for all rentals in Bloomington.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.