Cheap Apartments for Rent in Bloomington, IN from $300 (264 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 339 S Lincoln St

$850 - $1,700

1 To 3 Bedroom Rentals

Available Now

339 S Lincoln St

BloomingtonIN47401
property at 303 E Smith Ave

$850 - $865

1 Bedroom Rentals

Available Aug 13

303 E Smith Ave

BloomingtonIN47401
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Kingston Manor
$875 - $1,080
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,055
Required Monthly Fees
$25
Total Monthly Price
$875 - $1,080
Studio to 3 Bedroom Apartments Available Now

Kingston Manor

3200 E Longview AveBloomington, IN 47408
Affordability
  • Verified
  • Customer Reviewed
property at 1503 S Walnut St

$885 - $1,125

1 Bedroom Rentals

Available Aug 3

1503 S Walnut St

BloomingtonIN47401

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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Elevate Apartments
Rent Specials
$975 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$900 - $1,775
Required Monthly Fees
$75
Total Monthly Price
$975 - $1,850
1 to 3 Bedroom Apartments Available Aug 20

Elevate Apartments

1450 W Arlington RdBloomington, IN 47404
Student Housing
  • Verified
  • Customer Reviewed

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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Basswood Apartments
$1,050 - $1,275
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,250
Required Monthly Fees
$25
Total Monthly Price
$1,050 - $1,275
1 to 2 Bedroom Apartments Available Now

Basswood Apartments

1000 S Basswood CirBloomington, IN 47403
Affordability
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  • Customer Reviewed
  • 3D Tour

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: 04/05/2026

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$8,100$549247

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. Park North Apartments in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $675. 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
Park North ApartmentsPARK NORTH STUDIO APARTMENTS - AVAILABLE JANUAR...Studio,1BA$675
LoftonLofton - Individual Lease/ Roommate Matching - ...1BR,2BA$749
3 SquareJStudio,1BA$750
Acadia CourtStudioStudio,1BA$760
CedargateStudio StandardStudio,1BA$760
Northcrest1 Bedroom1BR,1BA$800
Woodland Springs1 Bedroom1BR,1BA$825
Town and CountryTown and Country - 20Studio,1BA$850
College Square ApartmentsThe Walnut1BR,1BA$852

Best Value Apartments for Rent in Bloomington, IN

As of April 05, 2026 the best value apartment in the Bloomington area is the $1.17 price per square foot 3 Bedroom with a den Model at Stapleton in the in the Downtown Bloomington IN neighborhood starting from $1,875. The second greatest value Bloomington apartment is the 3x3 Balcony - Classic Model at The Park on Morton starting at $1,054 with a $0.82 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.
Stapleton3 Bedroom with a den3BR,2.5BA$1.17
The Park on Morton3x3 Balcony - Classic3BR,3BA$0.82
The Quarters BloomingtonA4 - 4x44BR,4BA$0.63
StageyardThe Destination (per bed)2BR,2BA$1.28
The EllisThe Ellis - 3 Bed/3 Bath - Per Bed Pricing! - L...3BR,3BA$1.04
Sassafras Hill ApartmentsThe Miller2BR,1.5BA$0.83
Woodland Springs3 Bedroom3BR,1BA$1.19
The MonroeB22BR,2BA$1.15
Millennium Apartments1 Bed 1 Bath B1BR,1BA$1.25
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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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 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 $852.

What is the price of a cheap apartment in Bloomington?

The cheapest apartment in Bloomington is Lofton which is listed at $749, while the average apartment in Bloomington costs $8,100.

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 94 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 $650 which is $7,450 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

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.