Downtown Bloomington, Bloomington, IN Rental Market Trends
Last updated: May 05, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Bloomington is $2,400, a 4.93% increase compared to the previous year, when the average rent was $2,287.
One-bedroom apartments provide 583 square feet for $1,420, balancing privacy and affordability.
Two-beedroom units at $2,246 offer 889 square feet, perfect for roommates or small families.
Average rent in Downtown Bloomington, Bloomington, IN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,400 | 933 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,420 | 583 sq. ft. |
| 2 Beds | $2,246 | 889 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Bloomington, Bloomington, IN rent trends
Rental prices in Downtown Bloomington, Bloomington, IN have increased by 4.93% over the past year. The average rent moved from $2,287 to $2,400.
What's the typical rent budget in Downtown Bloomington, Bloomington, IN?
The largest share of rentals in Downtown Bloomington, Bloomington, IN (32%) fall between $3,000- 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?
19 or 45% of the households in Downtown Bloomington, Bloomington, IN are renter-occupied while 22 or 52% are owner-occupied.
Most affordable neighborhoods in Downtown Bloomington?
Barclay Gardens $1,116/month
Timber Ridge $1,145/month
Griffy Lake Nature Preserve $1,292/month
All of these neighborhoods fall below the city wide average of $1,699/month.Most expensive neighborhoods in Downtown Bloomington?
Elm Heights $1,795/month
Downtown Bloomington $2,402/month
Garden Hill $2,563/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Bloomington, IN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Garden Hill | $2,563 |
| Downtown Bloomington | $2,402 |
| Elm Heights | $1,795 |
| Grandview Hill | $1,558 |
| Weimer Lake | $1,424 |
| Park Ridge | $1,406 |
| Arlington Valley | $1,391 |
| Griffy Lake Nature Preserve | $1,292 |
| Timber Ridge | $1,145 |
| Barclay Gardens | $1,116 |
Bloomington | Rent Comparison by Neighborhood
Rent in Downtown Bloomington is 73% higher than in Arlington Valley
Downtown Bloomington rent is 1% higher than Bloomington average
Arlington Valley rent is 42% 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.