Cheap Apartments for Rent in Monroe County, IN from $300 (139 Rentals)

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

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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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 339 S Lincoln St

$850 - $1,550

1 To 3 Bedroom Rentals

Available Now

339 S Lincoln St

BloomingtonIN47401
property at 1503 S Walnut St

$885 - $1,125

1 Bedroom Rentals

Available Aug 3

1503 S Walnut St

BloomingtonIN47401

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.

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1317 N Kinser Pike, Unit B
$965
Total Monthly Price

Total Monthly Price

Base Rent
$965
Total Monthly Price
$965
1 Bedroom Apartment Available Aug 1

1317 N Kinser Pike, Unit B

1317 N Kinser PikeBloomington, IN 47404
Cost Per Sq.Ft.

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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property at 348 S Grant St

$1,000 - $1,400

1 Bedroom Rentals

Available Aug 20

348 S Grant St

BloomingtonIN47401

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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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 $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 Monroe County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Vivo LivingVivo Living - Large StudioStudio,1BA$649
501 N Walnut501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat...4BR,3BA$699
Park North ApartmentsPark North Renovated - 240SF - AVAILABLE NOW!Studio,1BA$750
3 SquareBStudio,1BA$750
Woodland Springs1 Bedroom1BR,1BA$775
Hub Bloomington4x2 Pod4BR,2BA$799
326 W Kenwood Dr1BR/1.0BA1BR,1BA$800
Northcrest1 Bedroom1BR,1BA$800
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$825
Park RidgePark Ridge - 1 Bedroom - Waived Admin Fees & $3...1BR,1BA$849

Best Value Apartments for Rent in Monroe County, IN

As of July 02, 2026 the best value apartment in the Monroe County 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 Monroe County 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 Monroe County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
501 N Walnut501 N. Walnut - Luxury Apartments - 4 Bed/3 Bat...4BR,3BA$0.38
Stapleton3 Bedroom with a den3BR,2.5BA$1.17
Crescent Park Apartments3 Bedroom3BR,2BA$0.87
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
The Park on Morton3x3 Balcony - Classic3BR,3BA$0.66
The BleachersDouble2BR,2BA$0.85
Aspen BloomingtonFrisco A 2x22BR,2BA$1.13
The MonroeB22BR,2BA$1.02
Summit PointeThe Evergreen1BR,1BA$1.22
Woodland Springs1 Bedroom1BR,1BA$1.05

Frequently Asked Questions about Cheap Monroe County Apartments

What is the Cheapest Studio apartment in Monroe County?

Currently the most affordable Cheap Studio Apartment in Monroe County is at Vivo Living listed at $649.

How much is rent for a Cheap One Bedroom Monroe County Apartment?

The lowest price for a Cheap One Bedroom Monroe County Apartment is $775 at Woodland Springs.

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

Today's best deal for a Cheap Two Bedroom Apartment in Monroe County is starting from $825 at Woodland Springs.

What is the most affordable Monroe County Three Bedroom Apartment?

The best deal on a cheap Monroe County Three Bedroom Apartment rental is at Hub Bloomington and starts from $999.

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

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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.

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.