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Showing all results in Bloomington, IN.

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Apartments under $500 for Rent in Bloomington, IN

3,111 Rentals
.
  1. Building Photo - The Park on Morton
    1 BED
    $1,707+
    2 BEDS
    $948+
    3 BEDS
    $993+
    4 BEDS
    $828+
    Total Monthly Price Total Monthly Price New
    Base Rent$820 - $1,799
    Required Monthly Fees$8
    Total Monthly Price$828 - $1,807

    The Park on Morton

    710 N Morton St, Bloomington, IN 47404
    (930) 232-2294
  5. Building Photo - Aspen Bloomington
    STUDIO
    $1,569+
    1 BED
    $1,760+
    2 BEDS
    $1,160+
    3 BEDS
    $1,050+

    Aspen Bloomington

    1531 Buena Vista Dr, Bloomington, IN 47404
  6. Building Photo - Lofton
    STUDIO
    $1,095+
    1 BED
    $749+
    2 BEDS
    $1,350+
    3 BEDS
    $2,250+

    Lofton

    2611 E 3rd St, Bloomington, IN 47401
    (930) 966-2347
  22. Building Photo - Northcrest
    1 BED
    $800+
    2 BEDS
    $950+

    Northcrest

    1440 N Woodburn Ave, Bloomington, IN 47404
  29. Interior Photo - The Stratum at Indiana
    1 BED
    $1,155+
    2 BEDS
    $855+
    Total Monthly Price Total Monthly Price New
    Base Rent$855 - $1,155
    Required Monthly FeesNone
    Total Monthly Price$855 - $1,155

    The Stratum at Indiana

    3131 E Goodnight Way, Bloomington, IN 47401
    (930) 219-5066
  38. 1 BED
    $1,385+
    2 BEDS
    $2,020+
    3 BEDS
    $1,305+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,305 - $2,970
    Required Monthly FeesNone
    Total Monthly Price$1,305 - $2,970

    9 North Apartments

    508 N College Ave, Bloomington, IN 47404
    (930) 232-2119
  39. 1 BED
    $1,225+
    2 BEDS
    $1,840+
    Total Monthly Price Total Monthly Price New
    Base Rent$1,225 - $2,010
    Required Monthly FeesNone
    Total Monthly Price$1,225 - $2,010

    7 Ten

    710 N College Ave, Bloomington, IN 47404
    (930) 232-2767

Living & Renting in Bloomington

Bloomington at a Glance

Average Rent

$1,127
(All bedrooms and property types)
Learn more about
Average Rent in Bloomington
8

School Rating

out of 10 Rating
Learn more about
Schools in Bloomington

Bloomington, IN Apartments for Rent

Bloomington is home to Indiana University's flagship campus, which enrolls over 45,000 students and shapes the city's cultural and educational landscape. Founded in 1818 by settlers drawn to the area's natural blooms, this south-central Indiana city has grown into the seventh-most populous in the state while keeping its friendly, welcoming atmosphere. If you're searching for apartments for rent in Bloomington, you'll find plenty of housing options near campus and throughout residential neighborhoods, with one-bedroom units averaging around $1,112 per month. The downtown area blends contemporary and historic architecture, anchored by the iconic limestone Sample Gates marking the entrance to IU's campus.

Renting in Bloomington puts you close to outdoor recreation and cultural attractions. The B-Line Trail connects downtown destinations for cyclists and pedestrians, while Griffy Lake Nature Preserve and Lake Monroe offer excellent spots for hiking, boating, and fishing. The city has earned Tree City USA recognition since 1984, showing its commitment to preserving green spaces throughout the area. Downtown apartment communities place you near the restored Buskirk-Chumley Theater, the Eskenazi Museum of Art, and diverse dining options from international cuisine to local favorites. The Prospect Hill Historic District features beautifully preserved architecture, while neighborhoods like Elm Heights and Bryan Park offer easy access to both campus and recreational areas. State Road 37 and State Road 45 provide highway access, and the city's bicycle-friendly infrastructure makes getting around Bloomington easy for renters.

Why Bloomington?

  • The Bloomington Entertainment and Arts District (BEAD) is located downtown and features art galleries, restaurants, public art, and events.
  • Oliver Winery, the oldest and largest winery in Indiana, offers tours and hosts events such as the Creekbend Bluegrass Bash.
  • Unique McCormick’s Creek State Park features attractions such as Twin Bridges, Wolf Cave, and the Falls at McCormick’s Creek.
  • Indiana University hosts the Little 500, a popular annual bicycle race held at the Bill Armstrong Stadium.
  • The Lotus World Music and Arts Festival draws artists from around the world who participate in this weekend-long downtown event.
  • The historic Kirkwood Observatory, located on the Indiana University campus, offers a once-a-week, seasonal “open house” for the public.

Renting in Bloomington

Average Rental Rates and Apartment Sizes

Top Budget-Friendly Neighborhoods in Bloomington

(For 1 bedroom apartments)

Education

Public University
GreatSchools Rating
The Academy of Science and Entrepreneurship

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Bloomington High School South

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Bloomington High School North

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Excel Center - Bloomington

Public High School

Public
Grades 9-12
Students
GreatSchools Rating
Jackson Creek Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Tri-North Middle School

Public Middle School

Public
Grades 6-8
Students
GreatSchools Rating
Lora L Batchelor Middle School

Public Middle School

Public
Grades 6-8
Students

Data provided by GreatSchools.org 2025 © 2025. All rights reserved.

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