
Cheap Homes for Rent in Bloomington, IN from $550 (84 Rentals)
Search the lowest-cost Homes available for rent right now in Bloomington.


725 S Walnut St

1500 1/2 S Walnut St

526 E Graham Pl

1425 S Walnut St

911 N Oolitic Dr

1300 S Walnut St

Clark Triplex

Clark Triplex

521 W Kirkwood 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.

7219 W Susan St, Unit 7221

509 N Walnut St

7219 W Susan St, Unit 7239

522 W Davis St

South College - Residential

White Mountain - Residential

White Mountain - Residential

606 E Sherwood Hills Dr

1409 S Walnut St

9305 S Pointe Retreat Dr, Unit Pointe Retreat #50
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.

1407 S Washington St

7219 W Susan St, Unit 7279

421 W 6th St

104 E Wilson St

5000 Rockport Rd

601 S Park Square Dr

367 W Country Club Dr

1601 S Dorchester Dr

320 S Jackson St

9151 S Pointe Retreat Dr, Unit Pointe Retreat #13
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.

1310 S Madison St

1201 N Madison St

South College - Residential

South College - Residential

1383 W Allen St

726 W 6th St

648 E Sherwood Hills Dr

648 E Sherwood Hills Dr

425 N Roosevelt St

1413 S Walnut 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.

894 E Sherwood Hills Dr

1222 W Kirkwood Ave

6183 S Fairfax Rd

3531 S Oaklawn Cir

West 15th Street, Unit 721

1752 W Countryside Ln

5855 S Fairfax Rd

527 E Smith Ave, Unit Henderson Crossing

3200 E John Hinkle Pl, Unit D

529 E Smith Ave, Unit Henderson Crossing
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.
Bloomington, IN Local Guide

How much does it cost to rent a home in Bloomington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bloomington 2 Bedroom Homes for Rent | $1,594 | $1,049 | $2,500 |
| Bloomington 3 Bedroom Homes for Rent | $2,363 | $900 | $6,000 |
| Bloomington 4 Bedroom Homes for Rent | $3,754 | $1,800 | $8,000 |
| Bloomington 5 Bedroom Homes for Rent | $5,555 | $1,400 | $8,745 |
| Bloomington 6 Bedroom Homes for Rent | $8,083 | $3,850 | $10,000+ |
| Bloomington 7 Bedroom Homes for Rent | $8,266 | $7,800 | $8,600 |
Browse Top Homes for Rent in Bloomington
Explore Bloomington
Bloomington, IN Local Guide
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Cheapest Neighborhoods for Homes in Bloomington, IN
Pricing Updated: 09/18/2026Current rental homes in the Bloomington, IN area range in price from $780 to $14,000 with an overall median price of $3,165. Here is today’s list neighborhoods with the lowest median pricing for Bloomington Homes for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Bloomington IN | $3,165 | $780 | 83 |
Cheapest Available Bloomington Homes for Rent
 The cheapest available rental home in Bloomington, IN is a 1 Bed home found at 526 E Graham Pl priced from $550. 526 E Graham Pl has the second lowest priced home, which is a 1 Bed rental home currently listed from $850. Here is today’s list of the most affordable Bloomington homes for rent:
| Home Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 526 E Graham Pl | 526 E Graham Pl | 1BR, 1BA | $550 |
| 526 E Graham Pl | 526 E Graham Pl | 1BR, 1BA | $850 |
| 911 N Oolitic Dr | 911 N Oolitic Dr | 3BR, 2BA | $900 |
Best Value Homes for Rent in Bloomington, IN
As of September 18, 2026 the best value rental home in the Bloomington area is the $1.25 price per square foot 207 E 2nd St Model at 207 E 2nd St in the Downtown Bloomington IN neighborhood starting from $4,000. The second greatest value Bloomington rental home is the 1925 E Viva Dr Model at 1925 E Viva Dr in the Downtown Bloomington IN neighborhood starting at $2,200 with a $0.80 price per square foot. Here is today’s list of the best values for Bloomington homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 207 E 2nd St | 207 E 2nd St | 5BR, 5.5BA | $1.25 |
| 1925 E Viva Dr | 1925 E Viva Dr | 4BR, 2BA | $0.80 |
| 4504 W Michael Ln | 4504 W Michael Ln | 4BR, 3BA | $1.14 |
| 4035 N Hinkle Rd | 4035 N Hinkle Rd | 4BR, 2BA | $1.10 |
| 4995 E State Road 45 | 4995 E State Road 45 | 3BR, 2BA | $1.22 |
| 721 E Wellington Ct | 721 E Wellington Ct | 3BR, 2BA | $1.24 |
| 402 s. Village Ct., Unit 402 S Village Ct | 402 s. Village Ct. | 3BR, 2.5BA | $1.27 |
| 1752 W Countryside Ln | 1752 W Countryside Ln | 2BR, 2.5BA | $1.15 |
| 911 N Oolitic Dr | 911 N Oolitic Dr | 3BR, 2BA | $0.73 |
| 606 E Sherwood Hills Dr | 606 E Sherwood Hills Dr | 2BR, 1.5BA | $1.18 |
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 Bloomington, IN
Bloomington High School South
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Bloomington, IN Rentals by Map
See the most popular apartments and homes in Bloomington, IN
Frequently Asked Questions about Bloomington
What type of rentals are currently available in Bloomington?
There are currently 448 Apartments for Rent in Bloomington, IN with pricing that ranges from $510 to $10,500. There are also 437 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $550 to $14,000.
What is the current price range for Rental Homes in Bloomington?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Bloomington ranges from $550 to $14,000 with an average monthly rent of $3,038.
How much are larger Three and Four Bedroom Rentals in Bloomington?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Bloomington 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 $1,800 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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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.