Cheap Homes for Rent in Downtown Bloomington IN Neighborhood of Bloomington, IN from $600 (84 Rentals)

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

property at 420 1/2 W 2nd St

$695

1 Bedroom, 1 Bath Home for Rent

Available Now

420 1/2 W 2nd St

BloomingtonIN47403

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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property at 308 Wilmington Ct

$1,095

2 Bedroom, 1 Bath Condo for Rent

Available Now

308 Wilmington Ct

BloomingtonIN47401
property at 314 W Kenwood Dr

$1,100

2 Bedroom, 2 Bath Home for Rent

Available Now

314 W Kenwood Dr

BloomingtonIN47404

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 $549. Lofton has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. 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$549
LoftonLofton - Individual Lease/ Roommate Matching - ...1BR,2BA$749
Town and CountryTown and Country - 20Studio,1BA$850
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Northcrest1 Bedroom1BR,1BA$860
Union at Crescent1 Bed 1 Bath1BR,1BA$866
Hickory GrovePlum1BR,1BA$875
Kingston ManorEfficiencyStudio,1BA$875
507 S Lincoln507 S Lincoln - 061BR,1BA$880

Best Value Apartments for Rent in Downtown Bloomington IN, IN

As of January 26, 2026 the best value apartment in the Downtown Bloomington IN area is the $1.17 price per square foot 4 Bedroom 2.5 Bath Model at Townhouses On Tenth in the in the Downtown Bloomington IN neighborhood starting from $1,875. The second greatest value Downtown Bloomington IN apartment is the Three Bedroom 3 1/2 Bath Townhome Model at Stapleton starting at $1,875 with a $1.17 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.
Townhouses On Tenth4 Bedroom 2.5 Bath4BR,2.5BA$1.17
StapletonThree Bedroom 3 1/2 Bath Townhome3BR,3.5BA$1.17
Nile Ridge TownhomesThree Bedroom Townhome3BR,3.5BA$0.91
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Park on Morton3x3 Balcony - Classic3BR,3BA$0.92
The Arbors2 Bedroom, 1.5 Bath2BR,1.5BA$1.20
The Quarters BloomingtonA4 - 4x44BR,4BA$0.63
Urban StationThe Pulse (per bed)2BR,2BA$1.19
The MonroeB22BR,2BA$1.15
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16

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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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 $549 to $13,500. There are also 348 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Bloomington IN ranging from $695 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 $695 to $14,000 with an average monthly rent of $4,175.

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 $885 to $6,464, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $5,550. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $739.

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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.