Homes & Apartments for Rent in 47408

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What to Know About

Living in 47408

Bloomington, located in southern Indiana, is a charming and historic city known for its vibrant arts scene, mouth-watering cuisine, and scenic beauty. Learn about the city's history and culture by visiting the Indiana University Art Museum, the Monroe County History Center, and the WonderLab Museum of Science, Health, and Technology. The city is home to Indiana University and the Hoosiers, known for its academic programs and vibrant campus life.

Get ready to discover the great outdoors with unique places like the Hoosier National Forest, Griffy Lake Nature Preserve, and B-Line Trail. Bloomington also offers a range of dining experiences, from farm-to-table cuisine to global dining options. Mark your calendar for the Lotus World Music & Arts Festival, Limestone Comedy Festival, and Fourth Street Arts Festival - three of the city's most popular events that bring together music, arts, and culture in a way you won't find anywhere else.

Bloomington is a fantastic place to call home, offering a warm and welcoming community, a vibrant cultural scene, and plenty of opportunities to explore all that Southern Indiana has to offer.

Rental Market Trends

Bloomington, IN

As of September 2026, Bloomington's rental market is balanced, with an even mix of renter demand and available inventory leading to typical leasing times. Bloomington's average rent is 32.0% ($405) higher than the Indiana average of $1,265 and 7.6% ($138) lower than the U.S. average of $1,808.

Average Rent
$1,670
Monthly ChangeMonth Over Month Change
Increased3.1% ($50)
Yearly ChangeYear Over Year Change
Decreased4.6% ($81)
Avg. Days on MarketAverage Days on Market
51
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,216 Increased0.2% ($2) Increased7.1% ($81)
2 Beds $1,650 Increased0.7% ($11) Decreased3.7% ($64)
3 Beds $2,439 Increased0.7% ($18) Decreased15.5% ($447)
Nearby Cities Average Rent Avg. Rent vs. BloomingtonAverage Rent vs. Bloomington Avg. Days on MarketAverage Days on Market
Ellettsville $1,657 Decreased0.8% ($13) 51 days
Martinsville $1,147 Decreased31.3% ($523) 31 days
Trafalgar $1,326 Decreased20.6% ($344) 29 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Bloomington Rental Market FAQs

Explore rental prices, market trends, and availability in Bloomington, IN.

The average rent in Bloomington, IN is $1,670 per month.
Homes in Bloomington typically rent for between $851 and $3,171 per month, with an average of $1,670 per month.
In Bloomington, the average rent for a 1-bedroom home is $1,216 per month, for a 2-bedroom home, $1,650 per month, and a 3-bedroom home is $2,439 per month.
The average rent in Bloomington is 7.6% ($138) lower than the national average of $1,808 per month.
The average rent in Bloomington has increased by 3.1% ($50) in the last month and decreased by 4.6% ($81) over the past year.
The rental market in Bloomington, IN, is currently balanced, with an even mix of renter demand and available inventory leading to typical leasing times.
In Bloomington, IN, the average rental stays on the market for approximately 51 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 595 rental properties available in Bloomington, IN.
Based on the current averages, a household would need an annual income of $66,000 to comfortably afford a 2-bedroom home in Bloomington.
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