Cheap New Apartments for Rent in Bloomington, IN from $300 (31 Rentals)

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

First Apartment Regrets: Real Renters Share What They'd Do Differently

Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

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 1752 W Countryside Ln

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550

Total Monthly Price
$1,550

2 Bedroom, 2.5 Bath Townhome for Rent

Available Aug 1

1752 W Countryside Ln

BloomingtonIN47403
property at 226 W Gordon Pike

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

2 Bedroom, 2.5 Bath Townhome for Rent

Available Aug 1

226 W Gordon Pike

BloomingtonIN47403

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.

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Governor Park Apartments
Built in 20221 to 2 Bedroom Apartments

Governor Park Apartments

4750 N Lenzy WayBloomington, IN 47404
Senior Living
  • Utilities Included
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B-Line Heights
Built in 20191 to 3 Bedroom Apartments

B-Line Heights

611 N Rogers StBloomington, IN 47404
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Morton Row
Built in 20191 to 4 Bedroom Apartments

Morton Row

223 N Morton StBloomington, IN 47404
Student Housing
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46 Flats
Built in 2023Studio to 2 Bedroom Apartments

46 Flats

4329 N Kemp RdBloomington, IN 47404
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Tech Park Apartments
Built in 2018Studio to 1 Bedroom Apartments

Tech Park Apartments

619 N Morton StBloomington, IN 47404
Student Housing
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iMansion
Built in 20161 Bedroom Apartments

iMansion

604 N Smith RdBloomington, IN 47408
Student Housing
  • Utilities Included
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DunnPark Studios
Built in 2017Studio Apartments

DunnPark Studios

115 N Dunn StBloomington, IN 47408

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.

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SummerHouse
Built in 20161 to 3 Bedroom Apartments

SummerHouse

4501 E 3rd StBloomington, IN 47401
Student Housing
  • Utilities Included
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Cedar Bluff
Built in 20162 Bedroom Apartments

Cedar Bluff

4422 N Cypress LnBloomington, IN 47404
Student Housing
  • Utilities Included

Bloomington, IN Local Guide

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

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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 $850.

What is the price of a cheap apartment in Bloomington?

The cheapest apartment in Bloomington is Woodland Springs which is listed at $725, while the average apartment in Bloomington costs $1,534.

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 47 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 $824 which is $710 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 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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.