
Cheap Homes for Rent in the Downtown Bloomington IN Neighborhood of Bloomington, IN from $780 (63 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Bloomington IN area of Bloomington.


725 S Walnut St

1425 S Walnut St

1306 W 6th St

911 N Oolitic Dr

1500 1/2 S Walnut St

1300 S Walnut St

1306 1/2 W 6th St

509 N Walnut St

539 E Smith Ave
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.

523 E Smith Ave

519 E Smith Ave

521 E Smith Ave

110 E Hillside Dr

White Mountain - Residential

1122 E Miller Dr, Unit 1122 E Miller Dr

1409 S Walnut St

421 W 6th St

104 E Wilson St

317 N Indiana Ave
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.

525 E Smith Ave

1310 S Madison St

1201 N Madison St

519 E 8th St

527 E Smith Ave

1222 W Kirkwood Ave

1413 S Walnut St

3200 John Hinkle Pl

2301 S Milton Dr

209 N Madison St
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.

122 N Roosevelt St

1752 W Countryside Ln

3200 E John Hinkle Pl, Unit D

527 E Smith Ave, Unit Henderson Crossing

529 E Smith Ave, Unit Henderson Crossing

West 15th Street, Unit 721

1904 E Maxwell Ln

1906 E Maxwell Ln

2465 S Woolery Mill Dr

425 N Roosevelt St
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.

423 N Roosevelt St

3210 John Hinkle Pl

434 W Northlane Dr

1310 S Madison St, Unit A

Northlane Dr, Unit 1

630 W 17th St

583 E Graham Pl

1417 S Walnut St

624 S Fess Ave

505 E Graham Pl
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.
Downtown Bloomington IN, Bloomington, IN Local Guide

How much does it cost to rent a home in Downtown Bloomington IN?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Bloomington IN 2 Bedroom Homes for Rent | $1,579 | $900 | $2,500 |
| Downtown Bloomington IN 3 Bedroom Homes for Rent | $2,691 | $900 | $6,000 |
| Downtown Bloomington IN 4 Bedroom Homes for Rent | $4,002 | $1,645 | $8,000 |
| Downtown Bloomington IN 5 Bedroom Homes for Rent | $5,523 | $1,400 | $8,745 |
| Downtown Bloomington IN 6 Bedroom Homes for Rent | $8,155 | $3,850 | $10,000+ |
| Downtown Bloomington IN 7 Bedroom Homes for Rent | $8,266 | $7,800 | $8,600 |
Browse Homes for Rent in this Neighborhood
There are currently 63 rentals with your search options within a 2 mile radius of the Downtown Bloomington IN Neighborhood of Bloomington, IN.
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Downtown Bloomington IN, Bloomington, IN Local Guide
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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 Park North Apartments priced from $690. Vivo Living has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Downtown Bloomington IN apartments for rent in Bloomington, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park North Apartments | PARK NORTH STUDIO APARTMENTS - AVAILABLE SEPTEM... | Studio,1BA | $690 |
| Vivo Living | Vivo Living - Studio - Unit 203 | Studio,1BA | $699 |
| 501 N Walnut St | 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! | 4BR,3BA | $699 |
| Lofton | Lofton - Individual Lease - 2bed/2bath | 1BR,2BA | $749 |
| 3 Square | B | Studio,1BA | $750 |
| 728 West Dixie - Lemongrass | 1BR/1.0BA | 1BR,1BA | $800 |
| Northcrest | 1 Bedroom | 1BR,1BA | $800 |
| Sunflower Place - Full Unit for Rent | One Bed | 1BR,1BA | $820 |
| Summit Pointe | Woodland | 1BR,1BA | $850 |
| Town and Country | 0 Beds, 1 Baths | Studio,1BA | $850 |
Best Value Apartments for Rent in Downtown Bloomington IN, IN
As of September 09, 2026 the best value apartment in the Downtown Bloomington IN area is the $0.76 price per square foot The Blake Model at Regency Court Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,525. The second greatest value Downtown Bloomington IN apartment is the 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! Model at 501 N Walnut St starting at $699 with a $0.38 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Regency Court Apartments | The Blake | 3BR,3.5BA | $0.76 |
| 501 N Walnut St | 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! | 4BR,3BA | $0.38 |
| Crescent Park Apartments | 3 Bedroom | 3BR,2BA | $0.87 |
| Urban Station | The Pulse II (per bed) | 2BR,2BA | $0.65 |
| College Mall Apartments | D | 3BR,1BA | $1.07 |
| Sassafras Hill Apartments | The Miller | 2BR,1.5BA | $0.93 |
| Big Red Apartments | 3 Bed 1 Bath | 3BR,1BA | $1.08 |
| Bart Villa Apartments | 3 bed / 1 bath | 3BR,1BA | $1.06 |
| The Stratum at Indiana | 2x2 | 2BR,2BA | $0.86 |
| The Monroe | B2 | 2BR,2BA | $1.02 |
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 ArticleNavigating 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.
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 Downtown Bloomington In, Bloomington, IN
School data provided by Great Schools
Frequently Asked Questions about Downtown Bloomington IN
What type of rentals are currently available in Downtown Bloomington IN?
There are currently 343 Apartments for Rent in Downtown Bloomington IN, IN with pricing that ranges from $510 to $10,500. There are also 293 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Bloomington IN ranging from $780 to $14,000.
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 $780 to $14,000 with an average monthly rent of $3,385.
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 $660 to $10,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $6,000. Four Bedroom Single-Family rentals are also available starting from $1,645 and Four Bedroom Apartments start at $510.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.