10 Cheap Apartments for rent in Bloomington, IN

Last updated August 17 at 3:27am UTC
211 S kimble Drive
Bloomington
Bloomington, IN
Updated August 3 at 10:12pm UTC
1 Bedroom
$550
211 S kimble Drive
Bloomington
Bloomington, IN
Updated August 3 at 10:12pm UTC
2 Bedrooms
$650
422 S Henderson Street
Elm Heights
Bloomington, IN
Updated July 20 at 10:50am UTC
1 Bedroom
$630
159 W Church Lane
Bloomington
Bloomington, IN
Updated July 18 at 6:59am UTC
2 Bedrooms
$700
326 W Kenwood Drive
Maple Heights
Bloomington, IN
Updated April 14 at 3:44am UTC
1 Bedroom
$670
700 E Atwater Ave Apt 3
Elm Heights
Bloomington, IN
Updated August 15 at 11:19am UTC
Studio
$615
603 W. Ralston Dr
Broadview
Bloomington, IN
Updated July 6 at 7:28am UTC
1 Bedroom
$550

August 2018 Bloomington Rent Report

Welcome to the August 2018 Bloomington Rent Report. Bloomington rents remained steady over the past month. In this report, we'll evaluate trends in the Bloomington rental market, including comparisons to similar cities nationwide.

View full Bloomington Rent Report
Rent Report
Bloomington

August 2018 Bloomington Rent Report

Welcome to the August 2018 Bloomington Rent Report. Bloomington rents remained steady over the past month. In this report, we'll evaluate trends in the Bloomington rental market, including comparisons to similar cities nationwide.

Bloomington rent trends were flat over the past month

Bloomington rents have remained flat over the past month, however, they have increased slightly by 1.4% year-over-year. Currently, median rents in Bloomington stand at $730 for a one-bedroom apartment and $930 for a two-bedroom. Bloomington's year-over-year rent growth leads the state average of 1.1%, as well as the national average of 1.2%.

Bloomington rents more affordable than many large cities nationwide

As rents have increased slightly in Bloomington, 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 $930 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 1.4% increase in Bloomington.
  • While Bloomington's rents rose slightly over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in Bloomington than most large cities. For example, San Francisco has a median 2BR rent of $3,090, 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.