
Cheap Homes for Rent in Bloomington, MN from $1,200 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Bloomington.


1716 E 80th St, Unit Apt. 1

6615 Lake Shore Dr S, Unit Apt 115

8813 18th Ave S, Unit 3

7501 W 101st St, Unit 202
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.

9400 Old Cedar Ave S, Unit 344

6511 Oliver Ave S, Unit Lower Unit

7601 W 101st St

1700 Four Oaks Rd

4200 Valley View Rd
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.

7320 York Ave S, Unit 207

7600 Lyndale Ave S

7126 123rd St W

7311 Aldrich Ave S

10929 Quebec Ave S, Unit 10929
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.

3315 Skyview Dr
Bloomington, MN Local Guide

How much does it cost to rent a home in Bloomington?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bloomington 2 Bedroom Homes for Rent | $1,974 | $1,499 | $2,895 |
| Bloomington 3 Bedroom Homes for Rent | $2,303 | $1,850 | $3,840 |
| Bloomington 4 Bedroom Homes for Rent | $2,976 | $2,595 | $3,500 |
| Bloomington 5 Bedroom Homes for Rent | $3,154 | $2,720 | $3,500 |
Browse Top Homes for Rent in Bloomington
Explore Bloomington
Bloomington, MN Local Guide
- Bloomington Neighborhoods
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- Local Counties
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Cheapest Neighborhoods for Apartments in Bloomington, MN
Pricing Updated: 07/08/2026Current apartment rentals in the Bloomington, MN 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Normandale Lake | $3,105 | $1,020 | 370 |
Cheapest Available Bloomington Apartments for Rent
 The cheapest available apartment rental in Bloomington, MN is a Studio unit found at Wexford Commons Apartments in the Armatage neighborhood priced from $895. Richlyn in the Armatage neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $935. Here is today’s list of the most affordable Bloomington apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wexford Commons Apartments | Efficiency | Studio,1BA | $895 |
| Richlyn | Unit 4 - 50% AMI | Studio,1BA | $935 |
| Cedar Glen | 1.1bed | 1BR,1BA | $1,000 |
| Nicollet Court | 1.1bed | 1BR,1BA | $1,018 |
| 7700 Bloomington Ave South | 1 Bedroom | 1BR,1BA | $1,049 |
Best Value Apartments for Rent in Bloomington, MN
As of July 08, 2026 the best value apartment in the Bloomington area is the $1.44 price per square foot Toulouse Model at France 98 in the in the Bloomington West neighborhood starting from $1,951. The second greatest value Bloomington apartment is the Three Bedroom A Model at Core Crossings Apartments starting at $1,460 with a $1.12 price per square foot in the Riverside Fields neighborhood. Here is today’s list of the best values for Bloomington apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| France 98 | Toulouse | 2BR,2BA | $1.44 |
| Core Crossings Apartments | Three Bedroom A | 3BR,2BA | $1.12 |
| The Arbors | 2.1bed | 2BR,1BA | $1.13 |
| 2215 W 74th St | 3 Bed, 1 Bath | 3BR,1BA | $1.31 |
| Grande Market Place | 2 Bedroom - Market | 2BR,2BA | $1.48 |
| Penn Village Townhomes | Model2A | 2BR,1BA | $1.44 |
| Metropolitan Towers | 1.1+denA | 1BR,1BA | $1.32 |
| Cedar Gate | 1.1 Bed | 1BR,1BA | $1.21 |
| Nicollet South Apartments | Senior 1 bedroom | 1BR,1BA | $1.41 |
| The Bluffs of Burnsville | 1 BR | 1BR,1BA | $1.46 |
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.
Read ArticleEnjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Discover the best Minneapolis neighborhoods for student renters! Find ideal apartments near major Twin Cities campuses & enjoy vibrant student life.
Read ArticleReal 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.
Read ArticleQuick 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.
Bloomington, MNPopulation: 85,578
Ranked #392
in US Census Population by City
Pet Friendly LifestyleBloomington, MN
Ranked #7
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Bloomington, MN
Jefferson Senior High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Bloomington, MN Rentals by Map
See the most popular apartments and homes in Bloomington, MN
Frequently Asked Questions about Bloomington
What type of rentals are currently available in Bloomington?
There are currently 445 Apartments for Rent in Bloomington, MN with pricing that ranges from $910 to $20,457. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bloomington ranging from $1,200 to $3,840.
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 $1,200 to $3,840 with an average monthly rent of $2,373.
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 $1,570 to $8,876, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,850 to $3,840. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $9,950.
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.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.