Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Bloomington area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments Under $500 in Bloomington, IN

1 - 5 of 5 Results
10
$ Ask - 2,999
The Ellis
411 W 8th St Bloomington, IN
3 BR | Available Now
Contact
Furnished
Dog Friendly
Cat Friendly
Surface Parking
Fitness Center
17
3D Tour
$499 - 569
PER
ROOM
Reserve on Third
Deal
1.4
500 S Park Ridge Rd. Bloomington, IN
3 BR | Ask for Availability
Contact
Furnished
Dog Friendly
Cat Friendly
Student
Virtual Tour
6
$495
1202 S. Park St.
Bloomington, IN
1 BR | Available Now
Contact
Student
House
Air Conditioning
1
$495
802 W 7th St.
Bloomington, IN
Studio | Available Now
Contact
Student
House
Air Conditioning
1
$485
607 S Washington St.
Bloomington, IN
1 BR | Available Now
Contact
Student
House
Air Conditioning
1 - 5 of 5 Results
  1. Home
  2. Bloomington
  3. Apartments Under $500
Frequently Asked Questions

How many apartments under $500 are available in Bloomington, IN on Rentable.co?

There are 5 apartments under $500 in Bloomington currently available for rent on Rentable.co.

How many studio apartments under $500 are available in Bloomington?

Rentable.co has 2 studio apartments under $500 available for rent in Bloomington.

How many one-bedroom apartments under $500 are available in Bloomington?

Rentable.co has 23 one-bedroom apartments under $500 available for rent in Bloomington.

How many two-bedroom apartments under $500 are available in Bloomington?

Rentable.co has 19 two-bedroom apartments under $500 available for rent in Bloomington.

Can I afford a apartment under $500 in Bloomington, IN?

To comfortably afford a apartment under $500 in Bloomington based on average rent prices, a household would need an annual income of $20,000.

Which neighborhoods have the most apartments under $500 for rent in Bloomington, IN?

  1. Downtown Bloomington

Apartments Under $500 in Bloomington, IN: February Rental Information

Welcome to the February 2026 Bloomington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the February 2026 key findings and figures for the Bloomington rental landscape.

Our experts analyze the inventory trends for apartments under $500 — overall market rent-distribution, availability by bedroom count, and month-over-month comparisons — in Bloomington and surrounding areas. This summary also provides insights into available features and amenities, as well as location options for apartments under $500 in Bloomington.

Rentable's monthly report aims to provide you with comprehensive and up-to-date information to help you navigate the Bloomington rental market and make informed decisions about your next apartment. Whether you are a student searching for an affordable rental close to campus or a young professional looking for budget-friendly options in the area, this report will give you a snapshot of the current rental landscape in Bloomington.
0 15 30 45 60 <$800 $820 $860 $900 $940 $980 $1,020 $1,060 $1,100 $1,140 $1,180 $1,220 $1,260 $1,300 $1,340 $1,380 $1,420 $1,460 $1,500 $1,540 $1,580
This month, the typical cost to rent a one-bedroom apartment in Bloomington stands at $1,160, with the majority falling between $750 and $1,590. Out of the 3,039 one-bedroom apartments currently on the market in Bloomington, 3 are priced below $500, accounting for 0% of the total available one-bedroom units in Bloomington.

Available Apartments Under $500: Bloomington vs. Surrounding Areas

Bloomington, IN
27
The chart above provides an overview of the number of available apartments under $500 in the Bloomington, IN metro area as of February 2026. It includes data for Bloomington, IN as well as several surrounding cities, such as Bedford, Ellettsville, Nashville, Martinsville, Worthington, Bloomfield, Switz City, Spencer, Gosport, and Worland. Currently, the total inventory of affordable apartments in this area stands at 27. This information is particularly valuable for those seeking budget-friendly rental options in and around Bloomington, IN.

Apartments Under $500 Now vs. Last Month: Bloomington and Surrounding Areas

City Apartments Under $500 in February M/M % Change
Bloomington, IN 27 +1.0%
Ellettsville, IN 1 +1.0%
Martinsville, IN 0 +1.0%

Looking for Apartments Under $500 in Bloomington?

Available apartments under $500 49
Top amenities Dishwasher, Refrigerator, Range / Oven, Off Street Parking, Near Campus
Pet friendly 11
Utilities included 3
1 Bedroom 12
2 Bedroom 6
5 Bedroom 9
Square footage 105 - 1,457
Browse Bloomington Apartments
Bloomington Apartments by Neighborhood
Bloomington Apartments by Bedrooms
Bloomington Apartments by Affordability
Bloomington Apartments with Amenities
Bloomington Apartments by Type
Colleges Near Bloomington
Bloomington Apartments by Zip Code