Cheap Apartments for Rent in the 47407 ZIP Code of Bloomington, IN from $300 (136 Rentals)

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Search the lowest-cost Apartments available for rent right now in the 47407 ZIP Code area of Bloomington.

property at 808 S Washington St
$775 - $850
1 Bedroom Rentals
Available Jan 7, 2027
Affordability

808 S Washington 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.

Read Article
property at 218 S Roosevelt St
$690 - $900
Studio To 1 Bedroom Rentals
Available Jul 29, 2027
Affordability

218 S Roosevelt St

BloomingtonIN47408
property at 1101 N College Ave
$850 - $900
1 To 2 Bedroom Rentals
Available Aug 11, 2027
Affordability

1101 N College Ave

BloomingtonIN47404

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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property at 1513 S Walnut St
$885 - $1,400
1 To 3 Bedroom Rentals
Available Jan 4, 2027
Affordability

1513 S Walnut St

BloomingtonIN47401
property at 1503 S Walnut St
$910 - $1,125
1 To 2 Bedroom Rentals
Available Jul 30, 2027
Affordability

1503 S Walnut St

BloomingtonIN47401

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 351 S Lincoln St
$815 - $1,000
1 Bedroom Rentals
Available Now
Affordability

351 S Lincoln St

BloomingtonIN47401
property at 1214 N Grant St
$1,050
2 Bedroom Rentals
Available Aug 1, 2027
Affordability

1214 N Grant St

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.

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property at 412 E 2nd St
$1,125 - $1,300
1 Bedroom Rentals
Available Now
Affordability

412 E 2nd St

BloomingtonIN47401
property at 1427 S Washington St
$1,200 - $1,600
2 Bedroom Rentals
Available Aug 1, 2027
Affordability

1427 S Washington St

BloomingtonIN47401
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7 Ten
$1,225 - $2,060

Total Monthly Price

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

7 Ten

710 N College AveBloomington, IN 47404
Student Housing
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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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Showing Results 1-50, Page 1 of 3

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 81 Academy St listed at $850.

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 $1,900 at 81 Academy St.

What is the most affordable 47407 Three Bedroom Apartment?

The best deal on a cheap 47407 Three Bedroom Apartment rental is at 81 Academy 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 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.