Apartments for Rent in Bloomington, IN Under $500 (3 Rentals)
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.
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.
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 Under $500 | $1,247 | $675 | $1,550 |
Bloomington 1 Bedroom Apartments Under $500 | $1,305 | $700 | $2,040 |
Bloomington 2 Bedroom Apartments Under $500 | $1,405 | $815 | $2,850 |
Bloomington 3 Bedroom Apartments Under $500 | $1,887 | $890 | $4,100 |
Bloomington 4 Bedroom Apartments Under $500 | $1,519 | $825 | $5,600 |
Bloomington 5 Bedroom Apartments | $3,430 | $919 | $8,200 |
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Bloomington, IN Local Guide
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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.
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 Bloomington
How much are Studio apartments in Bloomington?
There are currently 41 Studio Apartments in Bloomington with rent ranges from $675 to $1,550 with an average price of $1,247.
What is the current price range for One Bedroom Bloomington Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Bloomington ranges from $700 to $2,040 with an average monthly rent of $1,305.
What does renting a Two Bedroom Apartment in Bloomington cost?
The monthly rent prices of Two Bedroom Apartments currently available in Bloomington range from $815 to $2,850. Today's average rental price for Two Bedrooms here is $1,405.
How expensive are Bloomington Three Bedroom Apartments?
There are currently 113 Three Bedroom Apartments listings available in Bloomington on ApartmentHomeLiving.com. The pricing ranges from $890 to $4,100 - averaging $1,887 for the location.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.