Cheap Apartments for Rent in Paragon, IN from $500 (24 Rentals)

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

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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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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Sunflower Place
1 to 2 Bedroom Apartments

Sunflower Place

1015 N College AveBloomington, IN 47404
  • Utilities Included
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Sullivan Building
1 to 3 Bedroom Apartments

Sullivan Building

115 N Washington StBloomington, IN 47404
Student Housing

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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Paragon, IN Local Guide

Cheapest Available Paragon Apartments for Rent and Nearby

 

The cheapest available apartment rental in Paragon, 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 Paragon 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
CedargateStudio StandardStudio,1BA$800
Northcrest1 Bedroom1BR,1BA$860

Best Value Apartments for Rent in Paragon, IN and Nearby

As of November 28, 2025 the best value apartment in the Paragon area is the $1.17 price per square foot Three Bedroom 3 1/2 Bath Townhome Model at Stapleton in the in the Downtown Bloomington IN neighborhood starting from $1,875. The second greatest value Paragon apartment is the 3x3 Balcony - Platinum Model at Park on Morton starting at $1,189 with a $0.92 price per square foot in the Downtown Bloomington IN neighborhood. Here is today’s list of the best values for Paragon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
StapletonThree Bedroom 3 1/2 Bath Townhome3BR,3.5BA$1.17
Park on Morton3x3 Balcony - Platinum3BR,3BA$0.92
Grove at LatimerWillowbrook2BR,1BA$1.61
The League Bloomington10 North 2x2 Penthouse2BR,2BA$0.99
LoftonLofton 2A - Sublease / Lease Release2BR,2BA$1.42
Forest RidgeChestnut2BR,2BA$1.45
The Stratum at Indiana2x22BR,2BA$0.95
The MonroeB22BR,2BA$1.15
Union at Crescent1 Bed 1 Bath1BR,1BA$1.45
Summit PointeRivers Edge1BR,1BA$1.60

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Pet Friendly Lifestyle
Paragon, IN

Ranked #111

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Paragon, IN Rentals by Map

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See the most popular apartments and homes in Paragon, IN

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Getting Around Paragon, IN

Walk Score®

13 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Paragon Apartments

What is the Cheapest Studio apartment in Paragon?

Currently the most affordable Cheap Studio Apartment in Paragon is at Vivo Living listed at $549.

How much is rent for a Cheap One Bedroom Paragon Apartment?

The lowest price for a Cheap One Bedroom Paragon Apartment is $749 at Lofton.

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

Today's best deal for a Cheap Two Bedroom Apartment in Paragon is starting from $950 at Northcrest.

What is the most affordable Paragon Three Bedroom Apartment?

The best deal on a cheap Paragon Three Bedroom Apartment rental is at Aspen Bloomington and starts from $1,050.

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 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! 

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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.

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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.