Cheap Apartments for Rent in Monroe County, IN from $300 (181 Rentals)

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Search the lowest-cost Apartments available for rent right now in Monroe County.

property at 2301 E 4th St

2301 E 4th St

BloomingtonIN47408
property at 339 S Lincoln St

339 S Lincoln St

BloomingtonIN47401
property at 127 S Clark St

127 S Clark St

BloomingtonIN47408
property at 1101 S Rogers St

1101 S Rogers St

BloomingtonIN47403
property at 515 S Fess Ave

515 S Fess Ave

BloomingtonIN47401
property at 1218 N College Ave

1218 N College Ave

BloomingtonIN47404
Showing Results 1-50, Page 1 of 4

Cheapest Available Monroe County Apartments for Rent

 

The cheapest available apartment rental in Monroe County, IN is a Studio unit found at Vivo Living in the Downtown Bloomington IN neighborhood priced from $549. Lofton in the Downtown Bloomington IN neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Monroe County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Petite StudioStudio,1BA$549
LoftonLofton - Individual Lease/ Roommate Matching - ...1BR,2BA$749
Woodington Management PropertiesStadium View II1BR,1BA$750
Canadian Apartments1BR/1.0BA1BR,1BA$750
3 SquareHStudio,1BA$750
Acadia CourtStudioStudio,1BA$760
CedargateStudio StandardStudio,1BA$800
Woodland Springs1 Bedroom1BR,1BA$825
Walnut Springs2 Bedroom, 2 Bath2BR,2BA$855
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860

Best Value Apartments for Rent in Monroe County, IN

As of November 09, 2025 the best value apartment in the Monroe County area is the $0.97 price per square foot 3 Bedroom 3 Bath on Amaryllis Model at Hoosier Court Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,400. The second greatest value Monroe County apartment is the 3x3 Balcony - Platinum Model at Park on Morton starting at $1,169 with a $0.91 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Monroe County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Park on Morton3x3 Balcony - Platinum3BR,3BA$0.91
Hickory GroveMagnolia3BR,1BA$0.96
Walnut Springs2 Bedroom, 2 Bath2BR,2BA$0.79
Woodland Springs3 Bedroom3BR,1BA$1.19
Hazel Briar CourtRose2BR,2BA$1.13
The League Bloomington10 North 2x2 Penthouse2BR,2BA$0.99
The Stratum at Indiana2x22BR,2BA$0.92
The MonroeB22BR,2BA$1.15
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$1.16

Frequently Asked Questions about Cheap Monroe County Apartments

What is a cheap apartment in Monroe County?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monroe County is under $860.

What is the price of a cheap apartment in Monroe County?

The cheapest apartment in Monroe County is Lofton which is listed at $749, while the average apartment in Monroe County costs $15,000.

What types of apartments are the cheapest in Monroe County?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 186 regular apartments in Monroe County that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Monroe County?

Cheap apartments in Monroe County have an average cost of $657 which is $14,343 cheaper than the average rent for all rentals in Monroe County.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.