Cheap Homes for Rent in Bloomington, IN from $600 (83 Rentals)

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Search the lowest-cost Homes available for rent right now in Bloomington.

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.

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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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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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property at 200 N Smith Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

200 N Smith Rd

BloomingtonIN47408

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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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.

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Bloomington, IN Local Guide

Cheapest Neighborhoods for Apartments in Bloomington, IN

Pricing Updated: 06/19/2026

Current apartment rentals in the Bloomington, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Bloomington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Bloomington IN$4,000$625198

Cheapest Available Bloomington Apartments for Rent

 

The cheapest available apartment rental in Bloomington, IN is a Studio unit found at Vivo Living in the Downtown Bloomington IN neighborhood priced from $649. 501 N Walnut in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Large StudioStudio,1BA$649
501 N Walnut501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat...4BR,3BA$699
Park North ApartmentsPark North Renovated - 240SF - AVAILABLE NOW!Studio,1BA$750
Woodington Management PropertiesStadium View II1BR,1BA$750
3 SquareBStudio,1BA$750
Woodland Springs1 Bedroom1BR,1BA$775
Hub Bloomington4x2 Pod4BR,2BA$799
326 W Kenwood Dr1BR/1.0BA1BR,1BA$800
Northcrest1 Bedroom1BR,1BA$800
Canadian Apartments1BR/1.0BA1BR,1BA$800

Best Value Apartments for Rent in Bloomington, IN

As of June 19, 2026 the best value apartment in the Bloomington area is the $0.38 price per square foot 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat... Model at 501 N Walnut in the in the Downtown Bloomington IN neighborhood starting from $699. The second greatest value Bloomington apartment is the 3 Bedroom with a den 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 Bloomington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
501 N Walnut501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat...4BR,3BA$0.38
Stapleton3 Bedroom with a den3BR,2.5BA$1.17
Crescent Park3 Bedroom3BR,2BA$1.10
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
OakdaleWestwood3BR,1.5BA$1.09
Aspen BloomingtonFrisco A 2x22BR,2BA$1.13
The MonroeB22BR,2BA$1.15
Summit PointeThe Evergreen1BR,1BA$1.22
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16
Woodland Springs1 Bedroom1BR,1BA$1.05

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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Real 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.

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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
Bloomington, IN

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Bloomington

What type of rentals are currently available in Bloomington?

There are currently 385 Apartments for Rent in Bloomington, IN with pricing that ranges from $625 to $7,000. There are also 314 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $650 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 $650 to $14,000 with an average monthly rent of $4,301.

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 $699 to $3,900, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,375 to $4,620. Four Bedroom Single-Family rentals are also available starting from $1,645 and Four Bedroom Apartments start at $699.

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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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.