Cheap Homes for Rent in Bloomington, IN from $600 (113 Rentals)

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Search the lowest-cost Homes available for rent right now in 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
property at 517 S Rogers St

$750

1 Bedroom, 1 Bath Home for Rent

Available Now

517 S Rogers St

BloomingtonIN47403
property at 415 N Kimble Dr

$850

1 Bedroom, 1 Bath Home for Rent

Available Now

415 N Kimble Dr

BloomingtonIN47404
property at 5221 Raubs Ln

$895

2 Bedroom, 1 Bath Home for Rent

Available Now

5221 Raubs Ln

BloomingtonIN47404

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 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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property at 2607 Rockport Rd

$1,350

2 Bedroom, 1 Bath Home for Rent

Available Now

2607 Rockport Rd

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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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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Showing Results 1-50, Page 1 of 3

Bloomington, IN Local Guide

Cheapest Neighborhoods for Apartments in Bloomington, IN

Pricing Updated: 02/03/2026

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$13,500$549414

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 $549. Lofton in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Bloomington apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Petite StudioStudio,1BA$549
LoftonLofton - Individual Lease/ Roommate Matching - ...1BR,2BA$749
Acadia CourtStudioStudio,1BA$760
Woodland Springs1 Bedroom1BR,1BA$825
Town and CountryTown and Country - 20Studio,1BA$850
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Union at Crescent1 Bed 1 Bath1BR,1BA$866
Kingston ManorEfficiencyStudio,1BA$875
507 S Lincoln507 S Lincoln - 061BR,1BA$880

Best Value Apartments for Rent in Bloomington, IN

As of February 03, 2026 the best value apartment in the Bloomington area is the $1.17 price per square foot Three Bedroom 3 1/2 Bath Townhome Model at Stapleton in the in the Downtown Bloomington IN neighborhood starting from $1,875. The second greatest value Bloomington apartment is the Three Bedroom Townhome Model at Nile Ridge Townhomes starting at $1,400 with a $0.91 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.
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 Quarters BloomingtonA4 - 4x44BR,4BA$0.63
Hazel Briar CourtTulip2BR,2BA$1.07
Woodland Springs3 Bedroom3BR,1BA$1.19
Urban StationThe Pulse (per bed)2BR,2BA$1.15
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
Bloomington, IN

School data provided by Great Schools

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

Explore Bloomington, IN Rentals by Map

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See the most popular apartments and homes in Bloomington, IN

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Frequently Asked Questions about Bloomington

What type of rentals are currently available in Bloomington?

There are currently 401 Apartments for Rent in Bloomington, IN with pricing that ranges from $549 to $13,500. There are also 464 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $695 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 $695 to $14,000 with an average monthly rent of $4,010.

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 $650 to $7,103, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,050 to $5,400. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $785.

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.