Bloomington, IN Rental Market
Bloomington is home to Indiana University — a flagship Big Ten university with over 45,000 students — which drives year-round rental demand from students, faculty, and university staff. Cook Group (medical devices), Baxter International, and the healthcare sector provide non-university employment. The college-town atmosphere, arts scene, and progressive culture attract young professionals and remote workers, broadening the tenant base beyond students.
Get a rent estimate for an address in BloomingtonAverage Rent in Bloomington, IN
$1,150
per month · 2026-06
Market Score
Key Facts — Bloomington, IN Rental Market
- Average rent in Bloomington, IN:$1,150/mo
- Median rent:$1,058/mo
- Rent range:$575 – $2,550/mo
- Most common rental (2 bedrooms):$1,025/mo
- Active listings:480
- Avg days to lease:31 days
- Year-over-year change:+3.5%
- Median home value:$215,000
- Est. gross annual yield:6.4%
- Data as of:2026-06
Rent by Bedroom in Bloomington, IN
Average monthly rent for each bedroom type based on current active listings in Bloomington.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $825/mo |
2 Bedrooms | $1,025/mo |
3 Bedrooms | $1,275/mo |
4 Bedrooms | $1,600/mo |
5 Bedrooms | $1,825/mo |
Bloomington Rental Market Statistics
Key indicators from the current Bloomington, IN rental market.
480
Available now in Bloomington
31
From list to lease
$0.91
Average across listings
1,263 sq ft
Typical rental size
$575 – $2,550
Min to max active listings
+3.5%
Avg rent vs. prior year
Investing in Bloomington, IN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$215,000
Typical purchase price in Bloomington
Est. Gross Annual Yield
6.4%
Before expenses & vacancy
Avg Monthly Income
$1,150
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Bloomington for a full cash-flow breakdown including all costs.
Bloomington, IN Rental Market FAQ
Common questions about renting and investing in Bloomington, IN.
What is the average rent in Bloomington, IN?
The average rent in Bloomington, IN is $1,150 per month as of 2026. One-bedroom apartments average $825/mo, two-bedrooms $1,025/mo, and three-bedroom homes $1,275/mo. Areas within walking distance of the Indiana University campus command above-average rents.
Is Bloomington, IN a good place to invest in rental property?
Bloomington offers a 6.4% estimated gross yield anchored by IU's 45,000+ student enrollment. University-adjacent properties maintain near-zero vacancy during academic terms. Investors should understand seasonal demand patterns and the importance of proximity to campus in pricing rental properties.
How competitive is the Bloomington, IN rental market?
Bloomington averages 31 days on market with approximately 480 active listings. Competition is highly seasonal — the spring leasing window (February–April) for August move-ins is extremely competitive, with quality properties leasing months in advance. Off-campus properties further from IU are more moderately paced.
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