17 Cheap Apartments for rent in Bloomington, IN

Last updated September 23 at 6:23PM
1101 S. Dunn
Bryan Park
Bloomington, IN
Updated September 9 at 9:24AM
1 Bedroom
$685
305 N Dunn Street
Old Northeast
Bloomington, IN
Updated September 6 at 2:54AM
1 Bedroom
$595
423 S Fess Avenue
Elm Heights
Bloomington, IN
Updated September 23 at 6:23PM
1 Bedroom
$700
326 W Kenwood Drive
Maple Heights
Bloomington, IN
Updated August 15 at 5:16AM
1 Bedroom
$600
1306 West 6th Street
6th and Ritter
Bloomington, IN
Updated September 12 at 10:14AM
1 Bedroom
$675
1517 W 12th Street
Bloomington
Bloomington, IN
Updated September 19 at 2:32AM
1 Bedroom
$475
815 S Lincoln Street
Bryan Park
Bloomington, IN
Updated September 8 at 3:35AM
1 Bedroom
$700
723 E. 11th St
Old Northeast
Bloomington, IN
Updated September 10 at 9:55AM
1 Bedroom
$650
Results within 5 miles of Bloomington, IN
115 W. Temperance Unit #1
Ellettsville
Ellettsville, IN
Updated September 18 at 9:19AM
2 Bedrooms
$695
115 W. Temperance Unit # 2
Ellettsville
Ellettsville, IN
Updated September 18 at 9:19AM
Studio
$445
115 W. Temperance Unit # 3
Ellettsville
Ellettsville, IN
Updated September 9 at 9:32AM
1 Bedroom
$550
Results within 20 miles of Bloomington, IN
171 N Main St
Martinsville
Martinsville, IN
Updated September 23 at 5:32PM
1 Bedroom
$650
406 1/2 17th St.
Bedford
Bedford, IN
Updated September 22 at 10:36AM
1 Bedroom
$450
1328 Beech Street
Bedford
Bedford, IN
Updated September 15 at 10:19AM
2 Bedrooms
$700
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Rent Report
Bloomington

September 2017 Bloomington Rent Report

Welcome to the September 2017 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 1.9% year-over-year. Currently, median rents in Bloomington stand at $720 for a one-bedroom apartment and $920 for a two-bedroom. Bloomington's year-over-year rent growth lags the state average of 2.0%, as well as the national average of 3.0%.

Bloomington rents more affordable than many large cities nationwide

Rent growth in Bloomington has been relatively stable over the past year - some other large cities have seen more substantial increases; in contrast, rents in a few cities have actually declined. Bloomington is still more affordable than most large cities across the country.

  • Bloomington's median two-bedroom rent of $920 is below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 1.9% increase in Bloomington.
  • While rents in Bloomington remained moderately stable this year, similar cities saw increases, including Seattle (+5.4%), Phoenix (+4.9%), and Denver (+3.0%); note that median 2BR rents in these cities go for $1,710, $1,020, and $1,350 respectively.
  • Renters will find more reasonable prices in Bloomington than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.