Cheap Homes for Rent in Downtown Bloomington IN Neighborhood of Bloomington, IN from $700 (47 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 517 S Rogers St

$725

Total Monthly Price

Total Monthly Price

Base Rent
$725
Total Monthly Price
$725

1 Bedroom, 1 Bath Home for Rent

Available Now

517 S Rogers St

BloomingtonIN47403
property at 409 E 1st St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

5 Bedroom, 3 Bath Home for Rent

Available Aug 15

409 E 1st St

BloomingtonIN47401

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 1756 W Countryside Ln

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 2.5 Bath Townhome for Rent

Available May 1

1756 W Countryside Ln

BloomingtonIN47403

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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property at 612 W Cherokee Dr

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

612 W Cherokee Dr

BloomingtonIN47403
Showing Results 1-47, Page 1 of 1

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. Park North Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $675. 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
Park North ApartmentsPARK NORTH STUDIO APARTMENTS - AVAILABLE JANUAR...Studio,1BA$675
3 SquareJStudio,1BA$750
CedargateStudio StandardStudio,1BA$760
Hub Bloomington4x2 Pod4BR,2BA$799
Northcrest1 Bedroom1BR,1BA$800
Town and CountryTown and Country - 08Studio,1BA$815
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Kingston ManorEfficiencyStudio,1BA$875
Hickory GrovePlum1BR,1BA$875

Best Value Apartments for Rent in Downtown Bloomington IN, IN

As of April 26, 2026 the best value apartment in the Downtown Bloomington IN 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 Downtown Bloomington IN 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 Downtown Bloomington IN 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
The MonroeB22BR,2BA$1.18
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16
The Crossing at Pete Ellis1 Bedroom1BR,1BA$1.32
Hickory GrovePlum1BR,1BA$1.34

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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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 320 Apartments for Rent in Downtown Bloomington IN, IN with pricing that ranges from $549 to $8,100. There are also 245 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Bloomington IN ranging from $725 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 $725 to $10,000 with an average monthly rent of $3,403.

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 $6,536, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $4,620. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $750.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.