Bloomington, IN Rental Market Trends
Last updated: April 02, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Bloomington is $1,694, a 1.73% increase compared to the previous year, when the average rent was $1,665.
Studio Apartments at $1,219 offer the most budget-friendly option with 403 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 658 square feet for $1,188, balancing privacy and affordability.
Two-beedroom units at $1,520 offer 928 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,237 sq ft) for $2,100, suitable for larger households.
Average rent in Bloomington, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,694 | 911 sq. ft. |
| Studio | $1,219 | 403 sq. ft. |
| 1 Bed | $1,188 | 658 sq. ft. |
| 2 Beds | $1,520 | 928 sq. ft. |
| 3 Beds | $2,100 | 1,237 sq. ft. |
Bloomington, IN rent trends
Rental prices in Bloomington, IN have increased by 1.73% over the past year. The average rent moved from $1,665 to $1,694.
What's the typical rent budget in Bloomington, IN?
The largest share of rentals in Bloomington, IN (44%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Bloomington, IN?
21,651 or 65% of the households in Bloomington, IN are renter-occupied while 11,721 or 35% are owner-occupied.
Most affordable neighborhoods in Bloomington?
Barclay Gardens $1,101/month
Timber Ridge $1,134/month
Griffy Lake Nature Preserve $1,283/month
All of these neighborhoods fall below the city wide average of $1,694/month.Most expensive neighborhoods in Bloomington?
Garden Hill $2,537/month
Indiana University $3,018/month
Old Northeast Bloomington $3,070/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Bloomington, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Old Northeast Bloomington | $3,070 |
| Indiana University | $3,018 |
| Garden Hill | $2,537 |
| Downtown Bloomington | $2,376 |
| Ridgemede | $1,780 |
| Olcott Park | $1,668 |
| Grandview Hill | $1,548 |
| Weimer Lake | $1,421 |
| Arlington Valley | $1,396 |
| Park Ridge | $1,393 |
| Griffy Lake Nature Preserve | $1,283 |
| Timber Ridge | $1,134 |
| Barclay Gardens | $1,101 |
Bloomington | Rent Comparison by Neighborhood
Rent in Arlington Valley is 27% higher than in Barclay Gardens
Arlington Valley rent is 18% lower than Bloomington average
Barclay Gardens rent is 35% lower than Bloomington average
How Bloomington Compares to Other Cities
| City | Average Rent |
|---|---|
| Bloomington | $1,694 |
| Indianapolis | $1,252 |
| Evansville | $1,036 |
| Greenwood | $1,363 |
| New Albany | $1,137 |
| Fort Wayne | $1,158 |
| Lafayette | $1,194 |
| South Bend | $1,374 |
| Jeffersonville | $1,245 |
| Hammond | $1,268 |
| Fishers | $1,626 |
| Plainfield, IN | $1,551 |
| Columbus, IN | $1,313 |
| Camby, IN | $1,526 |
| Franklin, IN | $1,442 |
| Seymour, IN | $1,146 |
| Southport, IN | $1,016 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Bloomington apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.