Cheap Apartments for Rent in Monroe County, IN from $300 (158 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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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property at 339 S Lincoln St

$850 - $1,550

1 To 3 Bedroom Rentals

Available Now

339 S Lincoln St

BloomingtonIN47401
property at 303 E Smith Ave

$850 - $865

1 Bedroom Rentals

Available Now

303 E Smith Ave

BloomingtonIN47401

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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 4 Beds unit found at 501 N Walnut St in the Downtown Bloomington IN neighborhood priced from $699. Woodland Springs has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Monroe County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
501 N Walnut St501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath!4BR,3BA$699
Woodland Springs1 Bedroom1BR,1BA$725
KenwoodKenwood - 1 Bed/1 Bath1BR,1BA$749
3 SquareBStudio,1BA$750
Park North ApartmentsPark North Renovated - 240SF - AVAILABLE NOW!Studio,1BA$750
Acadia CourtStudioStudio,1BA$760
Northcrest1 Bedroom1BR,1BA$800
Sunflower Place - Full Unit for RentOne Bed1BR,1BA$820
Basswood Apartments1 Bedroom 1 Bathroom1BR,1BA$825

Best Value Apartments for Rent in Monroe County, IN

As of August 16, 2026 the best value apartment in the Monroe County area is the $0.74 price per square foot The Shelley Model at Regency Court Apartments in the in the Downtown Bloomington IN neighborhood starting from $1,675. The second greatest value Monroe County apartment is the 501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath! Model at 501 N Walnut St starting at $699 with a $0.38 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 Shelley4BR,3.5BA$0.74
501 N Walnut St501 N. Walnut - Luxury Apartments - 4 Bed/3 Bath!4BR,3BA$0.38
Crescent Park Apartments3 Bedroom3BR,2BA$0.87
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Urban StationThe Pulse II (per bed)2BR,2BA$0.73
College Mall ApartmentsD3BR,1BA$1.07
Sassafras Hill ApartmentsThe Miller2BR,1.5BA$0.93
Bart Villa Apartments3 bed / 1 bath3BR,1BA$1.06
The Stratum at Indiana2x22BR,2BA$0.86
Woodland Springs1 Bedroom1BR,1BA$0.98

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 3 Square listed at $750.

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

The lowest price for a Cheap One Bedroom Monroe County Apartment is $725 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 $775 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 Woodland Springs and starts from $900.

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 Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

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.