Cheap Apartments for Rent in Oaktown, IN from $300 (52 Rentals)

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Search the lowest-cost Apartments available for rent right now in Oaktown.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included
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Sugar Creek Crossing
1 to 2 Bedroom Apartments

Sugar Creek Crossing

211 Joanie LnRobinson, IL 62454
Senior Living
  • Utilities Included
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Newton Senior Housing
1 to 2 Bedroom Apartments

Newton Senior Housing

201 Eaton StNewton, IL 62448
Senior Living
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Ironton at Shoals
Studio to 2 Bedroom Apartments

Ironton at Shoals

11708 Ironton RdShoals, IN 47581
Senior Living
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Center City Apartments
1 to 2 Bedroom Apartments

Center City Apartments

640 Wabash AveTerre Haute, IN 47807
Student Housing
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The Deming
Studio to 2 Bedroom Apartments

The Deming

615 Cherry StTerre Haute, IN 47807

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Oaktown, IN Local Guide

Cheapest Available Oaktown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Oaktown, IN is a 1 Bed unit found at Anthony Square Senior Apartments in the Downtown Terre Haute neighborhood priced from $525. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Oaktown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Anthony Square Senior Apartments1 BR, 1 BA1BR,1BA$525
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$650
Willow CrossingsPhase I - StudioStudio,1BA$670
The Annex of Terre HauteStudio AStudio,1BA$725
The Village1BR/1.0BA1BR,1BA$725
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$750
Winston Terrace2BR/1BA2BR,1BA$795
Elmdale Apartments1 bed 1 bath1BR,1BA$800

Best Value Apartments for Rent in Oaktown, IN and Nearby

As of April 29, 2026 the best value apartment in the Oaktown area is the $1.16 price per square foot 3 Bedroom Model at Baldwin Heights in the starting from $1,280. The second greatest value Oaktown apartment is the 2x2 Model at Arbors at Honey Creek starting at $610 with a $0.57 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Oaktown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Baldwin Heights3 Bedroom3BR,2BA$1.16
Arbors at Honey Creek2x22BR,2BA$0.57
Woodland Springs3 Bedroom3BR,1BA$1.19
Winston Terrace2BR/1BA2BR,1BA$0.94
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$0.90
Southern Meadows Senior Living2 Bed Apt2BR,2BA$1.09
Riverside Apartments2 Bedroom2BR,1BA$1.14
Ironton at Shoals1 Beds, 1 Baths1BR,1BA$1.00
Sycamore Place2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$0.92

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Oaktown, IN Rentals by Map

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See the most popular apartments and homes in Oaktown, IN

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Frequently Asked Questions about Cheap Oaktown Apartments

What is the Cheapest Studio apartment in Oaktown?

Currently the most affordable Cheap Studio Apartment in Oaktown is at Willow Crossings listed at $670.

How much is rent for a Cheap One Bedroom Oaktown Apartment?

The lowest price for a Cheap One Bedroom Oaktown Apartment is $525 at Anthony Square Senior Apartments.

What is the lowest price for a Cheap Two Bedroom Oaktown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Oaktown is starting from $610 at Arbors at Honey Creek.

What is the most affordable Oaktown Three Bedroom Apartment?

The best deal on a cheap Oaktown Three Bedroom Apartment rental is at Arbors at Honey Creek and starts from $706.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.