Cheap Apartments for Rent in Monroe County, IN from $300 (151 Rentals)

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

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 - $1,700

1 To 3 Bedroom Rentals

Available Now

339 S Lincoln St

BloomingtonIN47401

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 127 S Clark St

$953 - $1,780

Studio To 2 Bedroom Rentals

Available Aug 5, 2026

127 S Clark St

BloomingtonIN47408

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 $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
Canadian Apartments1BR/1.0BA1BR,1BA$750
3 SquareHStudio,1BA$750
Acadia CourtStudioStudio,1BA$760
Woodland Springs1 Bedroom1BR,1BA$825
Town and CountryTown and Country - 20Studio,1BA$850
Continental Terrace2 Bedroom, 1 Bath2BR,1BA$860
Northcrest1 Bedroom1BR,1BA$860
Union at Crescent1 Bed 1 Bath1BR,1BA$866

Best Value Apartments for Rent in Monroe County, IN

As of December 27, 2025 the best value apartment in the Monroe County area is the $0.76 price per square foot The Blake Model at Regency Court Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,525. The second greatest value Monroe County apartment is the 4 Bedroom 2.5 Bath Model at Townhouses On Tenth starting at $1,593 with a $1.00 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.
Regency Court ApartmentsThe Blake3BR,3.5BA$0.76
Townhouses On Tenth4 Bedroom 2.5 Bath4BR,2.5BA$1.00
5722 Vinca Court, Unit 57225722 Vinca Court3BR,2.5BA$1.13
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Hazel Briar CourtDaisy3BR,2.5BA$1.07
Park on Morton3x3 Balcony - Classic3BR,3BA$0.92
Walnut Springs2 Bedroom, 2 Bath2BR,2BA$1.00
The Stratum at Indiana2x22BR,2BA$0.95
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 $866.

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 $13,500.

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 214 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 $709 which is $12,791 cheaper than the average rent for all rentals in Monroe County.

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 How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!