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Apartments Under $700 in Bloomington, IN

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Apartments Under $700 in Bloomington, IN

Search and browse 1711 apartments under $700 available for rent in Bloomington, IN. With apartments that span the entire city, you will find an apartment in Bloomington for just the right price. During your search, sort your favorite apartments under $700 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Bloomington apartment before you know it.

January Rent Report

Welcome to the January 2021 Bloomington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the January 2021 key findings and figures for the Bloomington rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Bloomington and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Bloomington rent prices in the chart below.

Monthly Rent Report

Bloomington Rent Prices Decrease From December to January

Bloomington rent prices decreased over the last month. From December to January, the city experienced a -0.32% decrease for the price of a one-bedroom apartment. The rent price for a Bloomington one-bedroom apartments currently stands at $939.0.

When we take a look at the two-bedroom comparison from December to January, Bloomington experienced a 2.74% increase for the price of a two-bedroom apartment. The rent price for a Bloomington two-bedroom apartments currently stands at $1,313.0.

January Prices: Bloomington vs. Surrounding Areas

Rent Prices in Bloomington and Surrounding Areas

Rent prices have decreased in Bloomington over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Bloomington suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Bloomington suburbs

  • Rents did not decrease in any of the Bloomington suburbs.

January 2021 Pricing Trends: Bloomington vs. National Comparisons

Bloomington Rent Prices More Affordable Than Major Cities

Rent growth in Bloomington over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Bloomington rent prices appear to be relatively affordable for local residents.

The price for a Bloomington one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of Rentable's January 2021 National Apartment Report and data set here.

For more information about Bloomington and surrounding area rent prices, take a look at the complete data set below.

Data set for Bloomington and suburbs

1 BR January 1 BR M/M % Change 2 BR January 2 BR M/M % Change
Bloomington, IN $942.0 0.11% $1,278.0 1.75%


Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.