Cheap Homes for Rent in Downtown Bloomington IN Neighborhood of Bloomington, IN from $700 (30 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Bloomington IN area of Bloomington.

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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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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Downtown Bloomington IN, Bloomington, IN Local Guide

Cheapest Available Downtown Bloomington IN Apartments for Rent

 

The cheapest available apartment rental in the Downtown Bloomington IN area of Bloomington, IN is a Studio unit found at Vivo Living priced from $749. Woodington Management Properties has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Downtown Bloomington IN apartments for rent in Bloomington, IN:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Petite StudioStudio,1BA$749
Woodington Management PropertiesOld TowneStudio,1BA$800
CedargateStudio StandardStudio,1BA$800
Northcrest1 Bedroom1BR,1BA$860
Union at Crescent1 Bed 1 Bath1BR,1BA$866
The Crossing at Pete Ellis1 Bedroom1BR,1BA$900
Summit PointeWoodland1BR,1BA$950
3 SquareHStudio,1BA$950
Kingston Manor2 Bedroom2BR,1BA$975
Brandon CourtTwo Bed One Bath2BR,1BA$999

Best Value Apartments for Rent in Downtown Bloomington IN, IN

As of June 21, 2025 the best value apartment in the Downtown Bloomington IN area is the $0.97 price per square foot 3 Bedroom 3 Bath on Amaryllis Model at Hoosier Court Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,400. The second greatest value Downtown Bloomington IN apartment is the The Celer (per bed) Model at Stageyard starting at $1,114 with a $0.84 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Downtown Bloomington IN apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
StageyardThe Celer (per bed)3BR,3BA$0.84
Beacon HillBeacon Hill - 3 Bed/2 Bath3BR,2BA$1.38
Urban StationThe Vertex (per bed)3BR,3BA$0.85
Park on Morton2x2 Corner2BR,2BA$1.19
The League Bloomington10 North 2x2 XL2BR,2BA$1.20
Summit PointeDeer Cross2BR,1.5BA$1.37
The Quarters BloomingtonA2 - 2x22BR,2BA$1.12
Brandon CourtTwo Bed One Bath2BR,1BA$1.16
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.25

Quick Rent Budget Calculator

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Frequently Asked Questions about Downtown Bloomington IN

What type of rentals are currently available in Downtown Bloomington IN?

There are currently 279 Apartments for Rent in Downtown Bloomington IN, IN with pricing that ranges from $749 to $8,200. There are also 159 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Bloomington IN ranging from $795 to $10,000.

What is the current price range for Rental Homes in Downtown Bloomington IN?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Bloomington IN ranges from $795 to $10,000 with an average monthly rent of $4,504.

How much are larger Three and Four Bedroom Rentals in Downtown Bloomington IN?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Bloomington IN range from $910 to $4,100, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $5,550. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $799.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.