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308 S Madison St #308, Bloomington, IN 47403, USA|Prospect Hill
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Property Overview
308 S. Madison St earns a strong Zumper rating of 8.3/10, with standout scores for price, location, and amenities. It offers walkable access, a bustling neighborhood with many nearby restaurants, and a mix of age groups in the area, while also sitting close to highly rated elementary and middle schools.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- Middle school nearby
Great for
Social life
Floor plans
| 308 S. Madison - Individual Lease/Roommate Matching - 5 Bedroom Unit | 5 bed | 2 bath | 2,351 sqft |
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Building details
Property details
| Units | 1 |
|---|
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About 308 S. Madison St
Located at 308 S Madison St #308, Bloomington, IN 47403, USA, 308 S. Madison St has 5 bedroom units available.Other apartment buildings in or around Bloomington include but are not limited to: 1724 E Hillside Dr, 801 801 & 809 East Hunter Ave, 252 N Walnut St, 316 N Washington St
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, 308 S. Madison St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, 308 S. Madison St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
308 S. Madison St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, 308 S. Madison St is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
308 S. Madison St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While 308 S. Madison St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
308 S. Madison St provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
308 S. Madison St is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 308 S. Madison St compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Middle school nearby
- There is a middle school 1 mile away
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Available rentals nearby
Rent trends in Prospect Hill
Median rents as of Jun 27 2026.
Prospect Hill
Bloomington
| Month | Median Rent |
|---|---|
| July 2024 | $1,246 |
| August 2024 | $1,223 |
| September 2024 | $1,195 |
| October 2024 | $1,228 |
| November 2024 | $1,246 |
| December 2024 | $1,271 |
| January 2025 | $1,310 |
| February 2025 | $1,301 |
| March 2025 | $1,264 |
| April 2025 | $1,212 |
| May 2025 | $1,191 |
| June 2025 | $1,099 |
| July 2025 | $1,150 |
| August 2025 | $1,083 |
| September 2025 | $1,022 |
| October 2025 | $1,095 |
| November 2025 | $1,074 |
| December 2025 | $1,096 |
| January 2026 | $1,088 |
| February 2026 | $1,072 |
| March 2026 | $1,083 |
| April 2026 | $1,071 |
| May 2026 | $999 |
| June 2026 | $1,026 |
| Month | Median Rent |
|---|---|
| February 2025 | $695 |
| March 2025 | $925 |
| April 2025 | $966 |
| May 2025 | $995 |
| June 2025 | $976 |
| July 2025 | $912 |
| February 2026 | $750 |
| March 2026 | $778 |
| April 2026 | $750 |
| May 2026 | $874 |
| June 2026 | $945 |
Schools near 308 S. Madison St
Fairview Elementary School
627 w 8th st
bloomington, IN, 47404
PK, K-6Public
B
Early Learning Center
401 east miller dr
bloomington, IN, 47401
PKPublic
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Internet available near 308 S. Madison St
Neighborhood
Prospect Hill | Bloomington, IN
Getting around Bloomington near 308 S Madison St #308
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
5/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 308 S Madison St #308, Bloomington
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
7/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Nightlife
5/10
Some bars within a few minutes’ walk
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