Downtown Bloomington, Bloomington, IN Rental Market Trends
Last updated: February 24, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Bloomington is $2,132, a 11.9% decrease compared to the previous year, when the average rent was $2,420.
Studio Apartments at $1,200 offer the most budget-friendly option with 457 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 583 square feet for $1,339, balancing privacy and affordability.
Two-beedroom units at $2,197 offer 889 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,167 sq ft) for $2,925, suitable for larger households.
Average rent in Downtown Bloomington, Bloomington, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,132 | 933 sq. ft. |
| Studio | $1,200 | 457 sq. ft. |
| 1 Bed | $1,339 | 583 sq. ft. |
| 2 Beds | $2,197 | 889 sq. ft. |
| 3 Beds | $2,925 | 1,167 sq. ft. |
Downtown Bloomington, Bloomington, IN rent trends
Rental prices in Downtown Bloomington, Bloomington, IN have decreased by 11.9% over the past year. The average rent moved from $2,420 to $2,132.
What's the typical rent budget in Downtown Bloomington, Bloomington, IN?
The largest share of rentals in Downtown Bloomington, Bloomington, IN (29%) 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 Downtown Bloomington, Bloomington, IN?
20 or 48% of the households in Downtown Bloomington, Bloomington, IN are renter-occupied while 23 or 55% are owner-occupied.
Most affordable neighborhoods in Downtown Bloomington?
Barclay Gardens $1,110/month
Timber Ridge $1,125/month
Thompson Park $1,137/month
All of these neighborhoods fall below the city wide average of $1,631/month.Most expensive neighborhoods in Downtown Bloomington?
Garden Hill $2,525/month
Indiana University $2,890/month
Old Northeast Bloomington $3,068/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 | $3,068 |
| Indiana University | $2,890 |
| Garden Hill | $2,525 |
| Downtown Bloomington | $2,132 |
| Prospect Hill | $2,071 |
| Elm Heights | $1,885 |
| Ridgemede | $1,758 |
| Olcott Park | $1,637 |
| Grandview Hill | $1,452 |
| Weimer Lake | $1,412 |
| Arlington Valley | $1,311 |
| Griffy Lake Nature Preserve | $1,251 |
| Park Ridge | $1,187 |
| Sunny Slopes | $1,166 |
| Thompson Park | $1,137 |
| Timber Ridge | $1,125 |
| Barclay Gardens | $1,110 |
Bloomington | Rent Comparison by Neighborhood
Rent in Downtown Bloomington is 63% higher than in Arlington Valley
Downtown Bloomington rent is the same as Bloomington average
Arlington Valley rent is 39% lower than Bloomington average
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 Downtown 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.