Cheap Apartments for Rent in 47401
370 rentals
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$550 - $4,895/mo
5-7 Beds
3 Baths628 University - 7-bed/3-bath - Brand new flooring! | 628 E University St #68409a42c,
Bloomington, IN 47401
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$729 - $999/moStudio-2 Beds1 BathDorchester | 1516 S Dorchester Dr #6b67f07d3,
Bloomington, IN 47401
PET FRIENDLY$750 - $2,250/mo1-5 Beds1-6 BathsRegency Court Apartments | 1616 S Henderson St #WAIT1S,
Bloomington, IN 47401
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PET FRIENDLY$795 - $1,205/mo1-3 Beds1-2 BathsHeritage Apartments | 1600 E Hillside Dr #34,
Bloomington, IN 47401
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Average Rent Trends in 47401
Rent in 47401 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Sep 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,800 |
| Jul 2025 | $1,850 |
| Aug 2025 | $2,000 |
| Sep 2025 | $2,025 |
| Oct 2025 | $1,895 |
| Nov 2025 | $1,860 |
| Dec 2025 | $1,880 |
| Jan 2026 | $1,825 |
| Feb 2026 | $1,825 |
| Mar 2026 | $1,850 |
| Apr 2026 | $1,800 |
| May 2026 | $1,900 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,000 | $1,550 | $2,100 | $2,900 | $1,850 |
| Townhomes | — | $1,600 | $1,700 | $2,996 | $1,795 |
| Apartments and Condos | $875 | $1,550 | $1,800 | $3,800 | $1,550 |
| Houses | $920 | $1,600 | $2,400 | $2,900 | $2,600 |
Frequently Asked Questions about Rentals in 47401
- What is the average rent of an apartment in 47401?The average rent of an apartment in 47401 is $1,288 per month. This is about 33% lower than the national average.
- What is the average rent of a house in 47401?The average rent of a house in 47401 is $2,600 per month. This is about 35% higher than the national average.
- What is the average rent of a townhome in 47401?The average rent of a townhome in 47401 is $1,795 per month. This is about 7% lower than the national average.
- When is the average rent cheapest in 47401?In the last year, the average rent in 47401 was lowest in Jan 2025 when it was $1,700 per month.
- When is the average rent most expensive in 47401?In the last year, the average rent in 47401 was highest in Sep 2025 when it was $2,025 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 47401?The average rent of a 1 bedroom apartment in 47401 is $1,000 per month. That is about $25 more than the cost of a studio apartment.
- How many available rental listings are in 47401?There are 382 available rental listings in 47401.
- What are some cities near 47401?Some nearby cities include: Bloomington, Heltonville, Oolitic, Nashville, Norman, Unionville. These cities may have more rental options to explore.