Apartments in 47403

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5
Tuscan Cottage Apartment for rent in Bloomington, IN
$1,495
519 West Smith Avenue Bloomington, IN
1 BR | Available Now
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Cat Friendly
1
1310 S Madison St Apartment for rent in Bloomington, IN
$1,450
Bloomington, IN
3 BR | Available Now
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1
341 S. Madison Apartment for rent in Bloomington, IN
$725
Bloomington, IN
2 BR | Available Now
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Dog Friendly
Cat Friendly
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In Unit Laundry
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How much does it cost to rent an apartment in 47403?

47403 apartments
Bed Type Average Rent Range
Studio $1,150 $900 - $1,400
1BR $930 $810 - $1,560
2BR $1,370 $870 - $1,860
3BR $1,740 $1,140 - $2,640
4+BR $2,250 $1,420 - $2,290
Find an Apartment in 47403
Looking for apartments for rent in 47403 Bloomington, IN? Rentable has all the information you need. In the 47403 zip code, there are currently 214 units available for rent. The average rent in this area is $1,310, making it an attractive option for those looking for affordable housing.

If you're looking for a specific floor plan type, the minimum rent for that type is $806. Whether you need a studio, one-bedroom, or two-bedroom apartment, there are options available to fit your needs.

One of the top neighborhoods in the 47403 zip code is Downtown Bloomington. Living in this area provides easy access to a vibrant downtown scene, with a variety of shops, restaurants, and entertainment options.

In addition, Bloomington is known for its beautiful parks and outdoor spaces. Just a short distance from the 47403 zip code, you'll find Bryan Park, a popular community gathering spot with walking trails, picnic areas, and a pool. Griffy Lake Nature Preserve is another nearby attraction, offering opportunities for hiking, fishing, and boating.

If you're ready to find your next rental, start your search with Rentable's apartments near 47403. With a variety of options available, you're sure to find the perfect place to call home.

Bloomington:
July Rent Report

Welcome to the July 2025 Bloomington Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2025 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 average rent prices in the chart below.

Monthly Rent Report

$1,750
$1,310
$880
$440
$0
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
1 BR       2 BR

Bloomington Rent Prices Decrease From June to July

Bloomington rent prices decreased over the last month. From June to July, the city experienced a -6.84% decrease for the price of a one-bedroom apartment. The rent price for a Bloomington one-bedroom apartments currently stands at $1,185.0.

When we take a look at the two-bedroom comparison from June to July, Bloomington experienced a -4.52% decrease for the price of a two-bedroom apartment. The rent price for a Bloomington two-bedroom apartments currently stands at $1,480.0.

July Prices: Bloomington vs. Surrounding Areas

Bloomington, IN
Martinsville, IN
$1,272
$901
$0
$450
$900
$1,350
$1,800
Median 1 BR Rent

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, 1 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

  • Rent decreased in Martinsville, IN.

  • 1 suburb is currently priced lower than the city of Bloomington.

July 2025 Pricing Trends: Bloomington vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Bloomington, IN
Minneapolis, MN
$4,074
$3,214
$2,367
$2,295
$1,876
$1,370
$1,312
$1,272
$1,250
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

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 average 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.

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 July 1 BR M/M % Change 2 BR July 2 BR M/M % Change
Bloomington, IN $1,272.0 -2.38% $1,550.0 -2.27%
Martinsville, IN $901.0 0.00% $1,071.0 0.09%

Methodology

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.