11 Cheap Apartments for rent in Bloomington, IN

Last updated January 23 at 5:15pm UTC
326 W Kenwood Drive
Maple Heights
Bloomington, IN
Updated January 23 at 10:04am UTC
1 Bedroom
$600
1101 N College Avenue
Maple Heights
Bloomington, IN
Updated January 3 at 11:45am UTC
1 Bedroom
$575
1101 N College Avenue
Maple Heights
Bloomington, IN
Updated January 3 at 11:45am UTC
2 Bedrooms
$700
1304 & 1324 W Arch Haven Avenue
Bloomington
Bloomington, IN
Updated January 23 at 5:15pm UTC
1 Bedroom
$710
423 S Fess Avenue
Elm Heights
Bloomington, IN
Updated January 3 at 11:45am UTC
1 Bedroom
$550
2738 S Leonard Springs Road
Bloomington
Bloomington, IN
Updated January 3 at 11:45am UTC
1 Bedroom
$495
501 E Cottage Grove Avenue
Old Northeast
Bloomington, IN
Updated January 3 at 11:43am UTC
Studio
$525
305 N Dunn Street
Old Northeast
Bloomington, IN
Updated January 3 at 11:45am UTC
1 Bedroom
$595
8765 South Gore Road
Bloomington
Bloomington, IN
Updated January 20 at 11:19am UTC
2 Bedrooms
$700
5211 W. State Rd. 45 Apt. B
Bloomington
Bloomington, IN
Updated January 3 at 3:38pm UTC
1 Bedroom
$580
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January 2018 Bloomington Rent Report

Welcome to the January 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

January 2018 Bloomington Rent Report

Welcome to the January 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 1.3% year-over-year. Currently, median rents in Bloomington stand at $730 for a one-bedroom apartment and $940 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 2.8%.

Bloomington rents more affordable than many large cities nationwide

As rents have increased slightly in Bloomington, a few large cities nationwide have also seen rents grow modestly. 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 $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 1.3% increase in Bloomington.
  • While Bloomington's rents rose slightly over the past year, many cities nationwide also saw increases, including Phoenix (+3.8%), Seattle (+3.0%), and Dallas (+2.2%).
  • Renters will find more reasonable prices in Bloomington than most large cities. For example, San Francisco has a median 2BR rent of $3,010, 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.