Average Rent in Elm Heights, Bloomington, IN

Current Versus Historical Elm Heights, Bloomington, IN Rents

Elm Heights rentals average $850 for a studio rental to $5,125 for a 4-bedroom rental. The median price of all currently available listings is $1,300, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have increased by $26 (2.11%) year-over-year from $1,251 to $1,277. 1-bedroom rentals prices have decreased by $213 (-19.39%) year-over-year from $1,098 to $885. 2-bedroom rentals prices have decreased by $10 (-0.74%) year-over-year from $1,310 to $1,300. 3-bedroom rentals prices have increased by $658 (37.73%) year-over-year from $1,743 to $2,400. 4-bedroom rentals prices have increased by $1,083 (27.66%) year-over-year from $3,917 to $5,000. 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 up by 14.49% this month. 1-bedroom rents have gone down by 16.61% this month. 2-bedroom rents have gone up by 11.30% this month. 3-bedroom rents have gone down by 0.98% this month. 4-bedroom rents have gone up by 19.05% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.60	$1,277	$1,251 (2.11%)	$630 (102.70%)
1 BR	$1.97	$885	$1,098 (-19.39%)	$748 (18.26%)
2 BR	$1.24	$1,300	$1,310 (-0.74%)	$1,267 (2.63%)
3 BR	$1.86	$2,400	$1,743 (37.73%)	$1,875 (28.00%)
4+ BR	$2.50	$5,000	$3,917 (27.66%)	$5,695 (-12.20%)

Historical Rents in Elm Heights, Bloomington, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Elm Heights

There are a total of 1 cities nearby Elm Heights. The average rent in Elm Heights is currently $1,575 per month. Our records show that Bloomington, IN, with an average rent of $1,575, is the most affordable city nearby. In contrast, the most expensive city near Elm Heights, Bloomington, IN is Bloomington, IN. Monthly rents here are on average $1,575 per month.

Let's compare Elm Heights, Bloomington, IN's rent against other top cities nearby by bedroom size. Typically, rent for studios in Elm Heights, Bloomington, IN is 37.94% more affordable than other cities nearby. One bedrooms are about 7.89% more affordable. Two bedrooms in Elm Heights, Bloomington, IN are about 11.11% more affordable. Finally, rent for three bedrooms are about 22.40% more expensive. Want more information? Check out the top 1 cities near Elm Heights, Bloomington, IN in the following chart.

City	Studio	1 Bed	2 Bed	All
Bloomington, IN	$1,173	$1,025	$1,500	$1,575

Top Neighborhoods Near Elm Heights

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

The average rent for these 1 neighborhoods in or near Elm Heights, Bloomington, IN is currently around $2,000 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than Elm Heights's average rent, which is only $1,300. Out of all the neighborhoods in or near Elm Heights, Old Northeast has the most affordable average rent at $2,000 per month. Whereas, at $2,000 average rent per month, Old Northeast is the most expensive neighborhood in or near Elm Heights. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Old Northeast, Bloomington, IN	$1,110	$1,198	$1,975	$2,000

Top Counties Near Elm Heights

There are a total of 1 counties located by Elm Heights, Bloomington, IN. The average rent for rentals in these counties is $1,625. That's roughly around $2 per sqft. 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 $1,750, Bloomington, IN is the most expensive county by Elm Heights, Bloomington, IN.

Typically, rent for studios in Elm Heights, Bloomington, IN is 22.94% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Elm Heights, Bloomington, IN is 6.45% more affordable than other counties nearby. Finally, rent for two bedrooms in Elm Heights, Bloomington, IN is 22.22% 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	$973	$1,450	$1,500
Bloomington, IN	$1,215	$1,050	$1,850	$1,750

Top Zipcodes Near Elm Heights

There are a total of 4 zipcodes in or near Elm Heights, Bloomington, IN. The average rent for all of these zipcodes is $1,475.

The following chart includes the top 4 zipcodes in Elm Heights, Bloomington, IN. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
47403, Van Buren, IN	$875	$888	$1,395	$1,450
47404, Richland, IN	$1,199	$1,200	$1,800	$1,416
47408, Bloomington, IN	$1,468	$1,039	$1,849	$1,800
47401, Salt Creek, IN	$937	$1,010	$1,450	$1,500

Frequently Asked Questions - Elm Heights Average Rents

What is the average rent price in Elm Heights, Bloomington, IN?

The average monthly rental price for Elm Heights, Bloomington, IN apartments for rent is approximately $1,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Elm Heights, 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 Elm Heights, Bloomington, IN.

How much is a studio apartment in Elm Heights, Bloomington, IN?

The average monthly rental price for studio apartments is $850 and an average price per square feet of $2.60. There are a total of 7 studio apartment listings currently available for rent in Elm Heights.

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

The average monthly rental price for one bedroom apartments is $950 and an average price per square feet of $1.97. There are a total of 12 one bedroom apartment listings currently available for rent in Elm Heights.

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

The average monthly rental price for two bedroom apartments is $1,350 and an average price per square feet of $1.24. There are a total of 7 two bedroom apartment listings currently available for rent in Elm Heights.

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

Rent prices for rentals in Elm Heights, Bloomington, IN can fluctuate yearly. Specifically, studio rental prices have changed by 0.02%, one bedroom rental prices have changed by -0.19%, two bedroom rental prices have changed by -0.01%, and three bedroom rental prices have changed by 0.38% year-over-year.

What is a reasonable rent price in Elm Heights, Bloomington, IN?

A reasonable rent price in Elm Heights, Bloomington, IN is around $1,040/month. You can search for these reasonably priced rental listings on RentHop.