
Cheap New Apartments for Rent in Bloomington, IN from $300 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Bloomington.


Hub Bloomington

The Annex of Bloomington

Union at Crescent

MOONBURN ON MORTON

Hillside Manors

Echo Park
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.

Alleyworks

Westgate on Third

Park South A

HighGrove

Hayden Flats

The Ellett

The Gardens
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.

422 S Washington St

Total Monthly Price
415 S Washington St

5467 S Brigadier Blvd, Unit 5467 S Brigadier blvd # 9

Governor Park Apartments

B-Line Heights

Morton Row

46 Flats
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.

Tech Park Apartments

DunnPark Studios

iMansion

SummerHouse

Waters Edge Apartments Bloomington

Cedar Bluff

Retreat at the Switchyard
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.
Bloomington, IN Local Guide

How much does it cost to rent an apartment in Bloomington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bloomington Studio Apartments | $1,149 | $549 | $1,812 |
| Bloomington 1 Bedroom Apartments | $1,421 | $625 | $2,291 |
| Bloomington 2 Bedroom Apartments | $1,551 | $725 | $3,041 |
| Bloomington 3 Bedroom Apartments | $1,921 | $699 | $3,900 |
| Bloomington 4 Bedroom Apartments | $1,722 | $699 | $4,400 |
| Bloomington 5 Bedroom Apartments | $2,491 | $899 | $6,900 |
Explore Bloomington
Bloomington, IN Local Guide
- Bloomington Neighborhoods
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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 ArticleReal 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 ArticleQuick 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.
Best Local Schools in Bloomington, IN
The Academy of Science and Entrepreneurship
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Bloomington, IN Rentals by Map
See the most popular apartments and homes in Bloomington, IN
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 $860.
What is the price of a cheap apartment in Bloomington?
The cheapest apartment in Bloomington is Woodland Springs which is listed at $775, while the average apartment in Bloomington costs $4,000.
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 69 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 $682 which is $3,318 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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.