Average Rent in Bloomington, IN

Current Versus Historical Bloomington, IN Rents

Bloomington rentals average $1,158 for a studio rental to $3,880 for a 4-bedroom rental. The median price of all currently available listings is $1,600, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have decreased by $16 (-1.60%) year-over-year from $1,003 to $987. 1-bedroom rentals prices have increased by $11 (1.11%) year-over-year from $1,003 to $1,015. 2-bedroom rentals prices have increased by $200 (15.36%) year-over-year from $1,300 to $1,500. 3-bedroom rentals prices have increased by $173 (10.60%) year-over-year from $1,628 to $1,800. 4-bedroom rentals prices have decreased by $83 (-3.26%) year-over-year from $2,558 to $2,475. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 9.23% this month. 1-bedroom rents have gone up by 0.96% this month. 2-bedroom rents have gone up by 2.40% this month. 3-bedroom rents have gone up by 1.89% this month. 4-bedroom rents have gone down by 31.57% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.47	$987	$1,003 (-1.60%)	$756 (30.51%)
1 BR	$1.81	$1,015	$1,003 (1.11%)	$747 (35.90%)
2 BR	$1.60	$1,500	$1,300 (15.36%)	$1,136 (32.06%)
3 BR	$1.50	$1,800	$1,628 (10.60%)	$1,342 (34.16%)
4+ BR	$1.84	$2,475	$2,558 (-3.26%)	$2,233 (10.82%)

Historical Rents in Bloomington, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Bloomington

Let's compare Bloomington, IN's rent against other top cities nearby by bedroom size.

City	Studio	1 Bed	2 Bed	All

Top Neighborhoods Near Bloomington

There are a total of 1 neighborhoods in or near Bloomington. We've included all of these top 1 neighborhoods in or near Bloomington, IN in the following chart.

The average rent for these 1 neighborhoods in or near Bloomington, IN is currently around $2,150 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Bloomington's average rent, which is only $1,600. Out of all the neighborhoods in or near Bloomington, Old Northeast has the most affordable average rent at $2,150 per month. Whereas, at $2,150 average rent per month, Old Northeast is the most expensive neighborhood in or near Bloomington. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Old Northeast, Bloomington, IN	$1,110	$1,198	$1,937	$2,150

Top Counties Near Bloomington

There are a total of 1 counties located by Bloomington, IN. The average rent for rentals in these counties is $1,650. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Perry, IN. It's average rent per month is $1,500. Vice versa, with an average rent of $1,800, Bloomington, IN is the most expensive county by Bloomington, IN.

Typically, rent for studios in Bloomington, IN is 8.01% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Bloomington, IN is 1.35% more expensive than other counties nearby. Finally, rent for two bedrooms in Bloomington, IN is 7.27% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Perry, IN	$875	$1,000	$1,450	$1,500
Bloomington, IN	$1,255	$1,050	$1,870	$1,800

Top Zipcodes Near Bloomington

There are a total of 4 zipcodes in or near Bloomington, IN. The average rent for all of these zipcodes is $1,475. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 47404, Richland, IN at $1,450 per month. In comparison, the zipcode with the most expensive average rent of $1,800 per month is 47408, Bloomington, IN.

Studios in these zipcodes have an average rent of $1,057. That's at least $2 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Bloomington, IN is $1,032 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,635 per month. Which comes out to $2 per sqft. The following chart includes the top 4 zipcodes in Bloomington, IN. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
47408, Bloomington, IN	$1,468	$1,039	$1,898	$1,800
47401, Salt Creek, IN	$899	$1,025	$1,470	$1,500
47404, Richland, IN	$1,215	$1,200	$1,800	$1,450
47403, Van Buren, IN	$883	$900	$1,360	$1,450

Frequently Asked Questions - Bloomington Average Rents

What is the average rent price in Bloomington, IN?

The average monthly rental price for Bloomington, IN apartments for rent is approximately $1,600. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Bloomington, IN rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Bloomington, IN.

How much is a studio apartment in Bloomington, IN?

The average monthly rental price for studio apartments is $1,158 and an average price per square feet of $2.47. There are a total of 36 studio apartment listings currently available for rent in Bloomington.

How much is a one bedroom apartment in Bloomington, IN?

The average monthly rental price for one bedroom apartments is $1,039 and an average price per square feet of $1.81. There are a total of 88 one bedroom apartment listings currently available for rent in Bloomington.

How much is a two bedroom apartment in Bloomington, IN?

The average monthly rental price for two bedroom apartments is $1,548 and an average price per square feet of $1.60. There are a total of 86 two bedroom apartment listings currently available for rent in Bloomington.

How have rent prices in Bloomington, IN changed this year?

Rent prices for rentals in Bloomington, IN can fluctuate yearly. Specifically, studio rental prices have changed by -0.02%, one bedroom rental prices have changed by 0.01%, two bedroom rental prices have changed by 0.15%, and three bedroom rental prices have changed by 0.11% year-over-year.

What is a reasonable rent price in Bloomington, IN?

A reasonable rent price in Bloomington, IN is around $1,280/month. You can search for these reasonably priced rental listings on RentHop.