Cheap Apartments for Rent in the 47407 ZIP Code of Bloomington, IN from $300 (128 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 47407 ZIP Code area of 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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1109 S Rogers St
$830 - $840
Total Monthly Price

Total Monthly Price

Base Rent
$830 - $840
Total Monthly Price
$830 - $840
1 Bedroom Apartment Available Aug 1

1109 S Rogers St

1109 S Rogers StBloomington, IN 47403
Affordability
property at 339 S Lincoln St

$850 - $1,700

1 To 3 Bedroom Rentals

Available Now

339 S Lincoln St

BloomingtonIN47401

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 303 E Smith Ave

$850 - $865

1 Bedroom Rentals

Available Aug 13

303 E Smith Ave

BloomingtonIN47401
property at 1503 S Walnut St

$885 - $1,125

1 Bedroom Rentals

Available Aug 3

1503 S Walnut St

BloomingtonIN47401

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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328 W 15th St
$1,000 - $1,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $1,200
Total Monthly Price
$1,000 - $1,200
1 to 2 Bedroom Apartment Available Aug 1

328 W 15th St

328 W 15th StBloomington, IN 47404
Affordability
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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 314 W 16th St

$1,125 - $1,625

2 To 3 Bedroom Rentals

Available Jul 30

314 W 16th St

BloomingtonIN47404
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7 Ten
Rent Specials
$1,225 - $2,060
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $2,060
Total Monthly Price
$1,225 - $2,060
1 to 2 Bedroom Apartments Available Now

7 Ten

710 N College AveBloomington, IN 47404
Student Housing
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  • Utilities Included
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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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Frequently Asked Questions about Cheap the 47407 ZIP Code Apartments

What is the Cheapest Studio apartment in 47407?

Currently the most affordable Cheap Studio Apartment in 47407 is at Luckey Platt listed at $1,695.

How much is rent for a Cheap One Bedroom 47407 Apartment?

The lowest price for a Cheap One Bedroom 47407 Apartment is $1,450 at Partridge Gardens.

What is the lowest price for a Cheap Two Bedroom 47407 Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in 47407 is starting from $1,450 at Partridge Gardens.

What is the most affordable 47407 Three Bedroom Apartment?

The best deal on a cheap 47407 Three Bedroom Apartment rental is at 117-119 S Hamilton St and starts from $2,200.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.