Average Rent in Old Northeast, Bloomington, IN

Current Versus Historical Old Northeast, Bloomington, IN Rents

Old Northeast rentals average $1,110 for a studio rental to $5,200 for a 4-bedroom rental. The median price of all currently available listings is $2,000, or roughly $2 per square feet.

For the apartment units and housing in April 2024, median rents have risen substantially over the last year. Studio rentals prices have decreased by $16 (-1.47%) year-over-year from $1,066 to $1,050. 1-bedroom rentals prices have increased by $458 (42.65%) year-over-year from $1,074 to $1,533. 2-bedroom rentals prices have increased by $101 (5.32%) year-over-year from $1,899 to $2,000. 3-bedroom rentals prices have increased by $108 (4.49%) year-over-year from $2,393 to $2,500. 4-bedroom rentals prices have increased by $451 (8.35%) year-over-year from $5,399 to $5,850. 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 41.70% this month. 1-bedroom rents have gone up by 37.38% this month. 2-bedroom rents have gone down by 3.85% this month. 3-bedroom rents have gone down by 15.97% this month. 4-bedroom rents have gone up by 12.86% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.58	$1,050	$1,066 (-1.47%)	$554 (89.70%)
1 BR	$2.27	$1,533	$1,074 (42.65%)	$828 (85.01%)
2 BR	$2.20	$2,000	$1,899 (5.32%)	$1,458 (37.14%)
3 BR	$2.24	$2,500	$2,393 (4.49%)	$1,692 (47.78%)
4+ BR	$2.47	$5,850	$5,399 (8.35%)	$3,883 (50.64%)

Historical Rents in Old Northeast, Bloomington, IN

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Old Northeast

There are a total of 1 cities nearby Old Northeast. The average rent in Old Northeast is currently $1,599 per month. Only one city nearby has an average rent lower than that. Our records show that Bloomington, IN, with an average rent of $1,599, is the most affordable city nearby. In contrast, the most expensive city near Old Northeast, Bloomington, IN is Bloomington, IN. Monthly rents here are on average $1,599 per month.

Let's compare Old Northeast, Bloomington, IN's rent against other top cities nearby by bedroom size. Typically, rent for studios in Old Northeast, Bloomington, IN is 4.33% more affordable than other cities nearby. One bedrooms are about 14.24% more expensive. Two bedrooms in Old Northeast, Bloomington, IN are about 19.20% more expensive. Finally, rent for three bedrooms are about 48.61% more expensive. Want more information? Check out the top 1 cities near Old Northeast, Bloomington, IN in the following chart.

City	Studio	1 Bed	2 Bed	All
Bloomington, IN	$1,158	$1,027	$1,565	$1,599

Top Neighborhoods Near Old Northeast

View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Old Northeast

The average rent for rentals in these counties is $1,625. That's roughly around $2 per sqft. A total of 2 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 $1,750, Bloomington, IN is the most expensive county by Old Northeast, Bloomington, IN.

Typically, rent for studios in Old Northeast, Bloomington, IN is 4.03% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Old Northeast, Bloomington, IN is 14.41% more expensive than other counties nearby. Finally, rent for two bedrooms in Old Northeast, Bloomington, IN is 13.91% more expensive 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	$1,485	$1,500
Bloomington, IN	$1,255	$1,050	$1,850	$1,750

Top Zipcodes Near Old Northeast

There are a total of 4 zipcodes in or near Old Northeast, Bloomington, IN. The average rent for all of these zipcodes is $1,475. A total of 4 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 $1,432 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 Old Northeast, Bloomington, IN is $1,032 per month. Or in other words, $2 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,650 per month. Which comes out to $2 per sqft. The following chart includes the top 4 zipcodes in Old Northeast, Bloomington, IN. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
47404, Richland, IN	$1,215	$1,200	$1,800	$1,432
47408, Bloomington, IN	$1,468	$1,039	$1,898	$1,800
47403, Van Buren, IN	$883	$900	$1,395	$1,450
47401, Salt Creek, IN	$899	$1,025	$1,500	$1,500

Frequently Asked Questions - Old Northeast Average Rents

What is the average rent price in Old Northeast, Bloomington, IN?

The average monthly rental price for Old Northeast, Bloomington, IN apartments for rent is approximately $2,000. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Old Northeast, 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 Old Northeast, Bloomington, IN.

How much is a studio apartment in Old Northeast, Bloomington, IN?

The average monthly rental price for studio apartments is $1,110 and an average price per square feet of $2.58. There are a total of 4 studio apartment listings currently available for rent in Old Northeast.

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

The average monthly rental price for one bedroom apartments is $1,198 and an average price per square feet of $2.27. There are a total of 14 one bedroom apartment listings currently available for rent in Old Northeast.

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

The average monthly rental price for two bedroom apartments is $1,937 and an average price per square feet of $2.20. There are a total of 12 two bedroom apartment listings currently available for rent in Old Northeast.

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

Rent prices for rentals in Old Northeast, Bloomington, IN can fluctuate yearly. Specifically, studio rental prices have changed by -0.01%, one bedroom rental prices have changed by 0.43%, two bedroom rental prices have changed by 0.05%, and three bedroom rental prices have changed by 0.04% year-over-year.

What is a reasonable rent price in Old Northeast, Bloomington, IN?

A reasonable rent price in Old Northeast, Bloomington, IN is around $1,600/month. You can search for these reasonably priced rental listings on RentHop.