Rent Tracker
Rent Inflation in Bloomington, IL
The average asking rent in Bloomington, IL is $1,342/month as of 2026-08. That is +3.7% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,342/mo
as of 2026-08
Year-over-Year Change
+3.7%
24-Month Rent Trend
Monthly ZORI index values for Bloomington, IL.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,342 | +0.15% |
| 2026-07 | $1,340 | +0.00% |
| 2026-06 | $1,340 | +1.28% |
| 2026-05 | $1,323 | +1.22% |
| 2026-04 | $1,307 | +0.62% |
| 2026-03 | $1,299 | -0.08% |
| 2026-02 | $1,300 | +0.31% |
| 2026-01 | $1,296 | +0.54% |
| 2025-12 | $1,289 | +0.39% |
| 2025-11 | $1,284 | -0.23% |
| 2025-10 | $1,287 | -0.54% |
| 2025-09 | $1,294 | +0.00% |
| 2025-08 | $1,294 | +0.39% |
| 2025-07 | $1,289 | +0.39% |
| 2025-06 | $1,284 | -0.23% |
| 2025-05 | $1,287 | +1.10% |
| 2025-04 | $1,273 | +1.27% |
| 2025-03 | $1,257 | +0.56% |
| 2025-02 | $1,250 | -0.64% |
| 2025-01 | $1,258 | -0.08% |
| 2024-12 | $1,259 | +0.64% |
| 2024-11 | $1,251 | +0.32% |
| 2024-10 | $1,247 | -0.16% |
| 2024-09 | $1,249 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices