A counterbalanced blind has a top frame, a bottom bar, a shade mounted between the top frame and the bottom bar, a reel device, two roller devices and two cords. The reel device is mounted in the top frame, and the two roller devices are mounted on the opposite side of the reel device in the top frame. The cords are wound and fastened in the reel device, respectively extend in opposite directions to the roller devices, pass downward through the shade and are fastened on the bottom bar. The bottom bar can be raised or lowered and position of the bottom bar will be retained after releasing the bottom bar.