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Typical Rent in 47406 — Bloomington, IN
The typical 1-bedroom rent in 47406 (Bloomington, IN) is $1,151/month as of 2026, based on 3 data sources. Rents have fallen 1.6% year over year, so an increase above 1.6% exceeds the local market trend. Studio: $960. 2-bedroom: $1,210.
Rents in Bloomington have changed approximately -2.2% – +0.9% over the past year based on local market data. A rent increase above 0.9% is above the local market trend.
Estimated Rent · 1-Bedroom
$1,151/mo
Source: HUD Estimated Rent
Data through
Based on federal benchmarks and 2 additional market sources.
The HUD Fair Market Rent for a 1-bedroom in 47406 (Bloomington, IN) is $1,070 for FY2026.
Rents in 47406 have decreased 1.6% year-over-year based on local market data.
The confidence level for this estimate is moderate based on 3 data sources.
Based on local market data, a fair rent increase in Bloomington (47406) is approximately 1.6% for 2026. The typical 1-bedroom rent is $1,151/month. Any increase significantly above 1.6% exceeds the local market trend and may be worth negotiating.
Sources: local market data, HUD SAFMR FY2026, Rentcast. Updated February 2026.
What Should Rent Cost in 47406 (Bloomington)?
Typical rent ranges based on HUD benchmarks and market data. In areas with limited listing data, ranges reflect federal benchmarks and may be wider than actual market conditions.
A studio in 47406 (Bloomington) typically rents for $960 – $1,038.
Rents above $1,194 are in the top 25% for this area.
A 1-bedroom in 47406 (Bloomington) typically rents for $1,070 – $1,156.
Rents above $1,329 are in the top 25% for this area.
A 2-bedroom in 47406 (Bloomington) typically rents for $1,210 – $1,307.
Rents above $1,503 are in the top 25% for this area.
A 3-bedroom in 47406 (Bloomington) typically rents for $1,570 – $1,696.
Rents above $1,950 are in the top 25% for this area.
A 4-bedroom in 47406 (Bloomington) typically rents for $1,900 – $2,052.
Rents above $2,360 are in the top 25% for this area.
Current Asking Rents in 47406
What are apartments actually renting for near 47406? Click below to see live asking rents from current listings.
Live market data · Updated daily
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Rent Trends in Bloomington, IN
-1.6%
Rents in 47406 (Bloomington) are cooling at -1.6% year-over-year.
⚠ Mixed signals
Market sources range from -2.2% to +0.9%
Local vacancy rate: 10.4%
Sources: Apartment List, HUD Fair Market Rent
Federal Rent Benchmarks for 47406
HUD Fair Market Rents are federal rent benchmarks used for housing programs, published annually by HUD.Note: These values represent the HUD metro-area benchmark for the Bloomington, IN HUD Metro FMR Area area, not zip-specific rates.
| Bedroom Size | Fair Market Rent | Estimated Rent |
|---|---|---|
| Studio | $960 | $1,038 |
| 1-Bedroom | $1,070 | $1,151 |
| 2-Bedroom | $1,210 | $1,300 |
| 3-Bedroom | $1,570 | $1,689 |
| 4-Bedroom | $1,900 | $2,048 |
Source: HUD SAFMR FY2026 · Updated
Questions about rent in 47406
What is the average 1-bedroom rent in 47406?
The typical 1-bedroom rent in 47406 (Bloomington, IN) is $1,151/month as of 2026. This page also shows nearby bedroom benchmarks, including studio rent at $960 and 2-bedroom rent at $1,210.
What is a fair rent increase in 47406?
A rent increase up to about 1.6% is in line with the recent local market trend in 47406. An increase above that level is above trend and may justify a closer review against local pricing and comparable apartments.
Are rents going up or down in 47406?
Rents in 47406 have fallen 1.6% year over year based on the local trend data used on this page.
How much do studios and 2-bedrooms cost in 47406?
On this page, studio rent in 47406 is $960/month and 2-bedroom rent is $1,210/month. These figures help show whether your current or proposed rent fits the broader local bedroom mix.
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Similar Rents in Other Areas
These zip codes have similar 1-bedroom rents to 47406 ($1,070/mo) — useful for comparing what your rent gets you in other markets.
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Market data updated monthly from public and third-party sources. Actual rents vary by unit, building, and lease terms. For informational purposes only — not legal or financial advice. See methodology →