The average monthly rent of apartments in Bloomington, IN is $1,255.
The average monthly rent of apartments in Bloomington, IN is $1,255.
About 33% of apartment rents in Bloomington, IN range between $1,001-$1,500. Meanwhile, apartments priced over $1,501-$2,000 represent 12% of apartments. Around 40% of Bloomington’s apartments are in the $701-$1,000 price range. 6% of apartments are priced between $501-$700.
Compared to the national average rent of $1,706, the average rent in Bloomington, IN is $1,255.
Prices and availability in Bloomington, IN were last updated on 5 Dec 2022.
The average rent in Bloomington, IN is $1,255. Start your search for apartments in Bloomington, IN now.
The price range for a studio apartment in Bloomington, IN is between $660 and $1,190. View all studio apartments in Bloomington, IN.
The price range for a 1-bedroom apartment in Bloomington, IN is between $688 and $1,575. Browse all available 1-bedroom apartments in Bloomington, IN now.
The price range for a 2-bedroom apartment in Bloomington, IN is between $720 and $2,160. Browse and find a 2-bedroom apartment in Bloomington, IN.
The price range for a 3-bedroom apartment in Bloomington, IN is between $688 and $2,680. Browse all available 3-bedroom apartments in Bloomington, IN.
In Bloomington, 65% of the residents are renting compared to 35% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Bloomington’s rentals, 74% are small-scale complexes with under 50 units, and 14% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Bloomington are about 34 years old, on average. Of these, 31% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 97% of the rental communities here are low-rise, garden-style communities, 3% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Studio apartments in Bloomington are around 3% of rentals, while 1-bedroom floor plans represent 35% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 45% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Bloomington is a small town in central Indiana that is known for high-quality education as well as beautiful natural surroundings. Bloomington is home to the Indiana University’s main campus, which attracts thousands of students from all over the country each year. Many Bloomington renters are professors or other university staff members. The campus is very walkable and is known for its historic architecture — many buildings here are constructed with local limestone. This town is also known for its beautiful scenery. It is a designated Tree City that experiences all four seasons. Summers are hot and humid while winters can be very cold, but the fall and spring seasons are mild and are very colorful. Although Bloomington is a small town, it is a very tight-knit community with plenty of fun things to do and local events to enjoy.
Because Bloomington is a college town, many rental properties cater to IU students. Rental prices in Bloomington are very affordable when compared to larger Midwestern cities, so many students opt to live in off-campus apartments rather than in dorms. The rental properties here are a mix of historic single-family homes and newer apartment communities. Many single-family homes have been converted into rentals for students, which means that landlords will rent out each bedroom individually rather than renting out the entire property at once. However, there are still plenty of family-friendly rental houses as well. The town is very walkable and bikeable, and it’s easy to find a conveniently located apartment close to the IU campus and the downtown area.
Bloomington, IN has a population of 84,691 according to the most recent data from the U.S. Census Bureau. 42,081 of Bloomington’s residents are women and 42,610 are men. The median age of those who live in Bloomington, IN is 24.
Most shopping in Bloomington is concentrated in the downtown area just west of the IU campus. There aren’t many national chains in Bloomington. Instead, renters have access to a wide selection of locally owned boutiques. This includes several thrift stores and vintage clothing stores that give the area a unique sense of character. On the east side of Bloomington, there is a large shopping complex with a Target and several grocery stores. There is also a Kroger and a Whole Foods in downtown Bloomington, so renters don’t have to go far to run errands. Additionally, there are several small international markets that sell unique ingredients.
According to U.S. Census data, there are 31,979 households in Bloomington, IN. 12,336 are family households and 19,643 are non-family households. There are 5,518 households with children in Bloomington and 26,461 households without children. On average, about 2.18 people live in a household in Bloomington, IN.
The downtown Bloomington area is very walkable, and the town is also known for being extremely bike-friendly, with plenty of bike paths throughout the city. Having a car can be convenient if you frequently travel to other towns nearby. However, many IU students and staff opt not to have a car and to bike or walk instead. The Bloomington Transit agency runs several bus routes throughout town, including a convenient campus shuttle. While Bloomington does not have an Amtrak or commuter rail stop, IU does run a shuttle to downtown Indianapolis on weekdays, and there are other commercial bus routes that stop in Bloomington. The drive from Bloomington to Indianapolis is just over an hour. This is also where the nearest international airport is. Car rental and ridesharing services like Uber and Lyft are also available for renters who favor convenience.
The level of education of the population of Bloomington, IN is as follows: 2% have no high school education, 27% completed some high school, 16% partially completed college, 5% have an Associate Degree, 27% have a Bachelor Degree, and 23% have a Graduate Degree.
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