Cheap Apartments for Rent in Bloomington, IN from $300 (169 Rentals)

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

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.

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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 1503 S Walnut St

$885 - $1,125

1 Bedroom Rentals

Available Aug 3

1503 S Walnut St

BloomingtonIN47401
property at 339 S Lincoln St

$850 - $1,700

1 To 3 Bedroom Rentals

Available Now

339 S Lincoln St

BloomingtonIN47401
property at 127 S Clark St

$953 - $1,780

Studio To 2 Bedroom Rentals

Available Aug 5

127 S Clark St

BloomingtonIN47408

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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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

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Bloomington, IN

Pricing Updated: 01/14/2026

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$10,000$80083

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 SquareKStudio,1BA$750
Acadia CourtStudioStudio,1BA$760
Woodland Springs1 Bedroom1BR,1BA$825
Town and CountryTown and Country - 20Studio,1BA$850
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Northcrest1 Bedroom1BR,1BA$860
Union at Crescent1 Bed 1 Bath1BR,1BA$866

Best Value Apartments for Rent in Bloomington, IN

As of January 14, 2026 the best value apartment in the Bloomington area is the $0.76 price per square foot 1680 E Whisnand Rd Model at 1680 E Whisnand Rd, Unit #7 in the starting from $1,300. The second greatest value Bloomington apartment is the 4 Bedroom 2.5 Bath Model at Townhouses On Tenth starting at $1,593 with a $1.00 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.
1680 E Whisnand Rd, Unit #71680 E Whisnand Rd2BR,1BA$0.76
Townhouses On Tenth4 Bedroom 2.5 Bath4BR,2.5BA$1.00
Millennium Apartments3 Bed 1.5 Bath No Garage3BR,1.5BA$0.80
The Arbors3 Bedroom, 2 Bath3BR,2BA$1.21
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Park on Morton3x3 Balcony - Classic3BR,3BA$0.92
The Quarters BloomingtonA4 - 4x44BR,4BA$0.63
Woodland Springs3 Bedroom3BR,1BA$1.19
The MonroeB22BR,2BA$1.15
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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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 $850 at Woodland Springs.

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

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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!