City Report · IN

Bloomington

Pop. 80,049·30th most expensive in Indiana·Rental market data updated monthly for Bloomington, IN
Median rent (all units)
$1,463/mo
Year-over-Year
Stable
Month-over-Month
+1.3%
vs US Median
-$499
Rising (Monthly)
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Most AffordableMost Expensive
Bloomington · $1,463
More affordable than 78% of US cities · National median $1,962/mo
Rent Reality Score
59/100
Fairly priced
OverheatedFairGreat value

Rents are 4% below what Bloomington's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,463/mo
Expected by trend
$1,531/mo
The Rent Reality Score compares today's median rent to where Bloomington's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$938
1 BR
$1,055
2 BR
$1,198
3 BR
$1,583
4 BR+
$1,885
Fair Market Rent (HUD)
$1,198/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,463 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$17,556/yr
At $1,463/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (0.1% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+0.1% YoY, +1.3% MoM), not inventory.
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Demographics

Who lives here

Bloomington, IN is majority renter-occupied, skews toward younger working-age adults, has a median income below the national average, 58.8% of residents hold a bachelor's degree or higher.

Population
80,049
Median income
$50,465
Median age
25.1
Renters
65.3%
Age distribution
53.7%
17.1%
Under 1810.6%
18–3453.7%
35–5417.1%
55–647.2%
65+11.4%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
75.8%
White75.8%
Black5%
Hispanic5.5%
Asian10.8%
Other2.9%
Education (25+)
16.3%
19.8%
58.8%
No HS diploma5.2%
HS diploma16.3%
Some college19.8%
Bachelor's+58.8%
Housing tenure
34.7%
65.3%
Owner34.7%
Renter65.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Bloomington, IN has changed in 5 years

Rent
$1,111 → $1,463
up 31.7%
Income
$41,995 → $50,465
up 20.2%
Population
80,064 → 80,049
up 0.0%
Renter share
65% → 65.3%
+0.3 pts
Bachelor's+
59.3% → 58.8%
-0.5 pts
Median age
24 → 25.1
+1.1 yrs

The median rent in Bloomington, IN stood at $1,111 in 2021 and currently runs about $1,463, reflecting a 31.7% increase over the period. On the earnings side, the typical household in Bloomington, IN now reports about $50,465, up from $41,995 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Bloomington, IN reflects that arc in its own way.

Community

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View Bloomington rent history (2015–2026) →
Salary vs rent

Can you afford rent in Bloomington on your salary?

At $1,463/mo, how Bloomington rent compares to typical pay (30% rule).

By apartment size

Bloomington rent by bedroom count

Median rent for each apartment size in Bloomington. Click any size for full breakdown.

Local insights

Tips for renters in Bloomington

About renting in Bloomington, IN

Last updated: August 17, 2026

The median rent in Bloomington is $1,463/mo as of August 2026. A studio apartment averages $938/mo while a 2-bedroom runs $1,198/mo. One-bedroom apartments average $1,055/mo and 3-bedroom units go for $1,583/mo.

At 35% of local median household income ($50,465/yr), Bloomington ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.1% over the past year.

FAQ

Frequently asked questions

Is Bloomington an affordable city for renters?

Bloomington is considered moderate for renters. At $1,463/mo, rent takes approximately 35% of the local median household income ($50,465/yr). The standard benchmark is 30%. Bloomington slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Bloomington?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,463/mo in Bloomington. The local median household income is $50,465/yr, meaning the typical Bloomington household falls short of that threshold.

Is rent going up or down in Bloomington?

Rent in Bloomington has been relatively stable over the past year, with a 0.1% change year over year as of August 2026.

Which Bloomington neighborhoods have the lowest rent?

The most affordable ZIP codes in Bloomington are 47403 ($1,275/mo), 47401 ($1,504/mo), and 47404 ($1,529/mo). Citywide, the median rent in Bloomington is $1,463/mo.

How does Bloomington rent compare to other cities in Indiana?

Bloomington is middle-of-the-pack for Indiana for rent, ranking #30 out of 62 tracked cities at $1,463/mo.

Which nearby cities are cheaper to rent in than Bloomington?

Greencastle is nearby and more affordable at $1,050/mo, which is $413 less than Bloomington.

What percentage of Bloomington residents rent vs. own?

According to Census data, approximately 65.3% of Bloomington households are renters, while 34.7% are owner-occupied. With a majority renter population, Bloomington has a strong rental market.

How does Bloomington rent compare to the national average?

Bloomington's median rent of $1,463/mo is $499 (25%) below the US national median of $1,962/mo. Within Indiana, it ranks #30 out of 62 tracked cities.
Income Affordability
35%
MODERATE

At $1,463/mo, rent takes ~35% of Bloomington's median household income ($50,465/yr). The standard benchmark is 30%.

Bloomington 35%Benchmark 30%
State income tax3.05%
Run the Bloomington affordability calculator →
Lowest-rent ZIP codes in Bloomington
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Bloomington, IN

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