
Cheap Homes for Rent in Ellettsville, IN from $700 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Ellettsville.


401 S Parkway Dr

1310 N Maple St

209 W Oak St, Unit 4

7219 W Susan St, Unit 7239
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.

7219 W Susan St, Unit 7245

726 W 6th St

4998 W Truesdel Ct

434 W Northlane Dr

402 S Village Ct
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.
Ellettsville, IN Local Guide

How much does it cost to rent a home in Ellettsville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ellettsville 2 Bedroom Homes for Rent | $1,634 | $950 | $2,318 |
| Ellettsville 3 Bedroom Homes for Rent | $2,556 | $1,400 | $5,000 |
| Ellettsville 4 Bedroom Homes for Rent | $3,710 | $2,500 | $5,600 |
| Ellettsville 5 Bedroom Homes for Rent | $3,996 | $2,840 | $5,000 |
Browse Top Homes for Rent in Ellettsville
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Ellettsville, IN Local Guide
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Cheapest Available Ellettsville Apartments for Rent and Nearby
 The cheapest available apartment rental in Ellettsville, IN is a Studio unit found at Vivo Living in the Downtown Bloomington IN neighborhood priced from $649. 501 N Walnut in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $699. Here is today’s list of the most affordable Ellettsville apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Vivo Living | Vivo Living - Large Studio | Studio,1BA | $649 |
| 501 N Walnut | 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat... | 4BR,3BA | $699 |
| Park North Apartments | Park North Renovated - 240SF - AVAILABLE NOW! | Studio,1BA | $750 |
Best Value Apartments for Rent in Ellettsville, IN and Nearby
As of July 12, 2026 the best value apartment in the Ellettsville area is the $0.38 price per square foot 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat... Model at 501 N Walnut in the in the Downtown Bloomington IN neighborhood starting from $699. The second greatest value Ellettsville apartment is the 3 Bedroom with a den Model at Stapleton starting at $1,875 with a $1.17 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Ellettsville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 501 N Walnut | 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat... | 4BR,3BA | $0.38 |
| Stapleton | 3 Bedroom with a den | 3BR,2.5BA | $1.17 |
| The Park on Morton | 3x3 Balcony - Classic | 3BR,3BA | $0.66 |
| The Bleachers | Double | 2BR,2BA | $0.85 |
| Aspen Bloomington | Frisco A 2x2 | 2BR,2BA | $1.13 |
| Big Red Apartments | 2 Bedroom August 2026 | 2BR,1BA | $1.38 |
| Summit Pointe | The Evergreen | 1BR,1BA | $1.22 |
| The Crossing at Pete Ellis | 1 Bedroom | 1BR,1BA | $1.32 |
| Union at Crescent | 1 Bed 1 Bath | 1BR,1BA | $1.28 |
| Basswood Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.28 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ellettsville, IN Rentals by Map
See the most popular apartments and homes in Ellettsville, IN
Frequently Asked Questions about Ellettsville
What type of rentals are currently available in Ellettsville?
There are currently 83 Apartments for Rent in Ellettsville, IN with pricing that ranges from $649 to $5,000. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ellettsville ranging from $700 to $5,600.
What is the current price range for Rental Homes in Ellettsville?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ellettsville ranges from $700 to $5,600 with an average monthly rent of $2,576.
How much are larger Three and Four Bedroom Rentals in Ellettsville?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ellettsville range from $835 to $3,049, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $5,000. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $699.
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

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.