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14 Apartments under 700 for rent in Bloomington, IN

Last updated December 17 at 11:48am UTC
Cedargate
3073 E Amy Ln
Bloomington, IN
Updated December 14 at 10:44pm UTC
Studio
$599
1 Bedroom
$649
2 Bedrooms
$769
Acadia Court
3008 S Acadia Ct
Bloomington, IN
Updated December 14 at 10:44pm UTC
Studio
$589
1 Bedroom
$599
2 Bedrooms
$759
Brandon Court
2381 S Brandon Ct
Bloomington, IN
Updated December 14 at 10:45pm UTC
1 Bedroom
$659
Reserve at Chandler's Glen
1320 N Arlington Park Dr
Bloomington, IN
Updated September 7 at 12:04am UTC
1 Bedroom
$550
2 Bedrooms
$660
3 Bedrooms
$700
423 S Fess Avenue
Elm Heights
Bloomington, IN
Updated December 17 at 9:05am UTC
1 Bedroom
$625
827 W 1st Street
Mc Doel Gardens
Bloomington, IN
Updated December 17 at 9:05am UTC
1 Bedroom
$650
827 W 1st St. 8271st
Mc Doel Gardens
Bloomington, IN
Updated December 7 at 11:00am UTC
1 Bedroom
$650
205 E 20th St
Bloomington
Bloomington, IN
Updated November 15 at 11:50am UTC
1 Bedroom
$575
Results within 1 miles of Bloomington, IN
159 W Church Lane
Monroe County
Monroe County, IN
Updated December 17 at 9:05am UTC
2 Bedrooms
$650
Results within 5 miles of Bloomington, IN
115 W. Temperance Unit # 3
Ellettsville
Ellettsville, IN
Updated December 16 at 10:17am UTC
1 Bedroom
$525
115 W. Temperance Unit # 2
Ellettsville
Ellettsville, IN
Updated December 11 at 10:22am UTC
Studio
$450

December 2018 Bloomington Rent Report

Welcome to the December 2018 Bloomington Rent Report. Bloomington rents increased over the past month. In this report, we'll evaluate trends in the Bloomington rental market, including comparisons to cities throughout the state and nation.

View full Bloomington Rent Report
Rent Report
Bloomington

December 2018 Bloomington Rent Report

Welcome to the December 2018 Bloomington Rent Report. Bloomington rents increased over the past month. In this report, we'll evaluate trends in the Bloomington rental market, including comparisons to cities throughout the state and nation.

Bloomington rents increased slightly over the past month

Bloomington rents have increased 0.2% over the past month, and have increased marginally by 0.8% in comparison to the same time last year. Currently, median rents in Bloomington stand at $740 for a one-bedroom apartment and $940 for a two-bedroom. This is the third straight month that the city has seen rent increases after a decline in August. Bloomington's year-over-year rent growth lags the state average of 1.0%, as well as the national average of 1.3%.

Rents rising across cities in Indiana

Throughout the past year, rent increases have been occurring not just in the city of Bloomington, but across the entire state. Of the largest 10 cities that we have data for in Indiana, 8 of them have seen prices rise. The state as a whole logged rent growth of 1.0% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Carmel is the most expensive of all Indiana's major cities, with a median two-bedroom rent of $1,200; of the 10 largest cities in Indiana that we have data for, Muncie and Evansville, where two-bedrooms go for $720 and $860, are the only two major cities in the state to see rents fall year-over-year (-0.8% and -0.4%).
  • Noblesville, Carmel, and Fort Wayne have all experienced year-over-year growth above the state average (7.1%, 1.6%, and 1.2%, respectively).

Bloomington rents more affordable than many large cities nationwide

As rents have increased marginally in Bloomington, a few large cities nationwide have seen rents grow more quickly. Bloomington is still more affordable than most large cities across the country.

  • Bloomington's median two-bedroom rent of $940 is below the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 0.8% increase in Bloomington.
  • While Bloomington's rents rose marginally over the past year, the city of Seattle saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Bloomington than most large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than three times the price in Bloomington.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.