Cheap Homes for Rent in the 47401 ZIP Code of Bloomington, IN from $300 (40 Rentals)

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Search the lowest-cost Homes available for rent right now in the 47401 ZIP Code area of Bloomington.

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.

property at 1122 E Miller Dr
$1,075

Total Monthly Price

Base Rent$1,075

Total Monthly Price$1,075
2 Bedroom, 1 Bath Condo for Rent
Available Now
Affordability

1122 E Miller Dr, Unit 1122 E Miller Dr

1122 E Miller Dr
BloomingtonIN47401
property at 606 E Sherwood Hills Dr
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
2 Bedroom, 1.5 Bath Townhome for Rent
Available Now
Furnished

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.

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.

property at 3200 John Hinkle Pl
$1,400 - $1,475
3 Bedroom Rentals
Available Sep 22
Affordability

3200 John Hinkle Pl

BloomingtonIN47408

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.

property at 425 N Roosevelt St
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
3 Bedroom, 1 Bath Home for Rent
Available Now

425 N Roosevelt St

BloomingtonIN47408
property at 3200 E John Hinkle Pl
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
3 Bedroom, 2 Bath Condo for Rent
Available Now
Affordability

3200 E John Hinkle Pl, Unit D

3200 E John Hinkle Pl
BloomingtonIN47408

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.

Frequently Asked Questions about the 47401 ZIP Code

How much are larger Three and Four Bedroom Rentals in 47401?

For those who are looking for larger living arrangements, Three Bedroom Apartments in 47401 range from $699 to $10,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $699 to $10,500. Four Bedroom Single-Family rentals are also available starting from $510 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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 Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

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.