Cheap Homes for Rent in Bloomington, IN from $700 (70 Rentals)

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

property at 1519 W 12th St

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700
Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

1519 W 12th St

BloomingtonIN47404
property at 609 S Walnut St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

3 Bedroom, 3 Bath Home for Rent

Available Now

609 S Walnut St

BloomingtonIN47401

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.

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property at 606 E Sherwood Hills Dr

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

2 Bedroom, 1.5 Bath Townhome for Rent

Available Sep 1

606 E Sherwood Hills Dr

BloomingtonIN47401

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.

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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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property at 3416 S Kennedy Dr

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400
Total Monthly Price
$1,400

3 Bedroom, 1 Bath Condo for Rent

Available Now

3416 S Kennedy Dr, Unit Kennedy Drive

3416 S Kennedy Dr
BloomingtonIN47401

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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property at 1752 W Countryside Ln

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

2 Bedroom, 2.5 Bath Townhome for Rent

Available Now

1752 W Countryside Ln

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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Showing Results 1-50, Page 1 of 2

Bloomington, IN Local Guide

Cheapest Neighborhoods for Apartments in Bloomington, IN

Pricing Updated: 08/03/2026

Current apartment rentals in the Bloomington, IN area range in price from $599 to $7,000 with an overall median price of $1,295. Here is today’s list neighborhoods with the lowest median pricing for Bloomington Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Bloomington IN$1,295$599169

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 $699. 501 N Walnut St 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$699
501 N Walnut St501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat...4BR,3BA$699
Woodland Springs1 Bedroom1BR,1BA$725
Park North ApartmentsPark North Renovated - 240SF - AVAILABLE NOW!Studio,1BA$750
Woodington Management PropertiesOld TowneStudio,1BA$750
3 SquareBStudio,1BA$750
Acadia CourtStudioStudio,1BA$760
Northcrest1 Bedroom1BR,1BA$800
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
323 S Grant STRedwood Apartments - Walk to Class! - 1 Bed/1 B...1BR,1BA$849

Best Value Apartments for Rent in Bloomington, IN

As of August 04, 2026 the best value apartment in the Bloomington area is the $1.27 price per square foot 701 S Woodlawn Ave Model at 701 S Woodlawn Ave in the in the Downtown Bloomington IN neighborhood starting from $3,300. The second greatest value Bloomington apartment is the 703 S Woodlawn Ave Model at 703 S Woodlawn Ave starting at $3,300 with a $1.27 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.
701 S Woodlawn Ave701 S Woodlawn Ave3BR,1.5BA$1.27
703 S Woodlawn Ave703 S Woodlawn Ave3BR,1.5BA$1.27
Regency Court ApartmentsThe Blake3BR,3.5BA$0.76
501 N Walnut St501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat...4BR,3BA$0.38
College Mall ApartmentsD3BR,1BA$1.07
Bloom Apartments2 Bedroom 2 Bath2BR,2BA$1.18
Bart Villa Apartments3 bed / 1 bath3BR,1BA$1.06
Hazel Briar CourtRose2BR,2BA$1.15
Curry VillageCurry Village - 2 Bed/1 Bath - Half Off Admin F...2BR,1BA$1.17
Woodland Springs1 Bedroom1BR,1BA$0.98

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!

Explore Bloomington, IN Rentals by Map

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Frequently Asked Questions about Bloomington

What type of rentals are currently available in Bloomington?

There are currently 380 Apartments for Rent in Bloomington, IN with pricing that ranges from $599 to $7,000. There are also 268 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $700 to $10,000.

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 $700 to $10,000 with an average monthly rent of $2,776.

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 $900 to $5,000. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $599.

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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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.