Cheap Apartments for Rent in Bloomington, IN from $300 (177 Rentals)

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

property at 127 S Clark St

127 S Clark St

BloomingtonIN47408
property at 1218 N College Ave

1218 N College Ave

BloomingtonIN47404
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Bloomington, IN Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Bloomington, IN

Pricing Updated: 10/15/2025

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$7,600$58589

Cheapest Available Bloomington Apartments for Rent

 

The cheapest available apartment rental in Bloomington, IN is a Studio unit found at Vivo Living in the Downtown Bloomington IN neighborhood priced from $549. Lofton in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Petite StudioStudio,1BA$549
LoftonLofton - Individual Lease/ Roommate Matching - ...1BR,2BA$749
Canadian Apartments1BR/1.0BA1BR,1BA$750
3 SquareHStudio,1BA$750
Acadia CourtStudioStudio,1BA$760
CedargateStudio StandardStudio,1BA$800
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Kingston Manor1 Bedroom1BR,1BA$860
Northcrest1 Bedroom1BR,1BA$860
Sassafras ApartmentsSASSAFRAS APARTMENTS - AVAILABLE AUGUST 20261BR,1BA$890

Best Value Apartments for Rent in Bloomington, IN

As of October 15, 2025 the best value apartment in the Bloomington area is the $1.14 price per square foot 5 Bedroom 2.5 Bath Model at Townhouses On Tenth in the in the Downtown Bloomington IN neighborhood starting from $1,827. The second greatest value Bloomington apartment is the Three Bedroom Townhome Model at Nile Ridge Townhomes starting at $1,400 with a $0.91 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.
Townhouses On Tenth5 Bedroom 2.5 Bath5BR,2.5BA$1.14
Nile Ridge TownhomesThree Bedroom Townhome3BR,3.5BA$0.91
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Park on Morton3x3 Balcony - Platinum3BR,3BA$0.97
Beacon HillBeacon Hill - 3 Bed/2 Bath - Remodeled3BR,2BA$1.06
Sassafras Hill ApartmentsThe Miller2BR,1.5BA$0.83
Hazel Briar CourtRose2BR,2BA$1.13
The League Bloomington10 North 2x2 Penthouse2BR,2BA$0.99
The Stratum at Indiana2x22BR,2BA$0.92
The MonroeB22BR,2BA$1.15

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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 #8

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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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 the Cheapest Studio apartment in Bloomington?

Currently the most affordable Cheap Studio Apartment in Bloomington is at Vivo Living listed at $549.

How much is rent for a Cheap One Bedroom Bloomington Apartment?

The lowest price for a Cheap One Bedroom Bloomington Apartment is $749 at Lofton.

What is the lowest price for a Cheap Two Bedroom Bloomington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Bloomington is starting from $860 at Continental Terrace.

What is the most affordable Bloomington Three Bedroom Apartment?

The best deal on a cheap Bloomington Three Bedroom Apartment rental is at Aspen Bloomington and starts from $1,050.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.