Cheap Apartments for Rent in Monroe County, IN from $300 (156 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

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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property at 127 S Clark St

127 S Clark St

BloomingtonIN47408

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property at 1218 N College Ave

1218 N College Ave

BloomingtonIN47404

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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
3 SquareHStudio,1BA$750
Canadian Apartments1BR/1.0BA1BR,1BA$750
Acadia CourtStudioStudio,1BA$760
CedargateStudio StandardStudio,1BA$800
Sunflower PlaceOne Bed1BR,1BA$800
TCHC1 - 4 Bed, 2 Bath4BR,2BA$802
Northcrest1 Bedroom1BR,1BA$860
Kingston ManorEfficiencyStudio,1BA$875

Best Value Apartments for Rent in Monroe County, IN

As of September 13, 2025 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 Three Bedroom Townhome Model at Nile Ridge Townhomes starting at $1,785 with a $1.16 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
Nile Ridge TownhomesThree Bedroom Townhome3BR,3.5BA$1.16
Hoosier Court Apartments3 Bedroom 3 Bath on Amaryllis3BR,3BA$0.97
Beacon HillBeacon Hill - 3 Bed/2 Bath3BR,2BA$1.06
Hazel Briar CourtRose2BR,2BA$1.13
StageyardThe Traveler2BR,2BA$1.16
Urban StationThe Pulse (per bed)2BR,2BA$0.99
The League Bloomington10 North 2x2 Penthouse2BR,2BA$0.99
Hickory GrovePoplar2BR,1BA$1.01
The Stratum at Indiana2x22BR,2BA$0.99

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 $875.

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 208 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 $469 which is $14,531 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.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.