Cheap Apartments for Rent in Terre Haute, IN from $300 (75 Rentals)

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

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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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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property at 1750 Liberty Ave

$900

3 Bedroom, 2 Bath Home for Rent

Available Now

1750 Liberty Ave

Terre HauteIN47807

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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property at 2034 5th Ave

$900

3 Bedroom, 1 Bath Home for Rent

Available Now

2034 5th Ave

Terre HauteIN47807
property at 1940 Ash St

$900

3 Bedroom, 1 Bath Home for Rent

Available Now

1940 Ash St

Terre HauteIN47804
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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included
property at 702 S 8th St

$495 - $895

Studio To 3 Bedroom Rentals

Available Now

702 S 8th St

Terre HauteIN47807
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Fieldstone Apartments
1 to 3 Bedroom Apartments

Fieldstone Apartments

1035 Elm StTerre Haute, IN 47807
  • Utilities Included

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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property at 6948 N 32nd St

$550 - $600

1 Bedroom Rentals

Available Now

6948 N 32nd St

Terre HauteIN47805

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Terre Haute, IN Local Guide

Cheapest Neighborhoods for Apartments in Terre Haute, IN

Pricing Updated: 01/22/2026

Current apartment rentals in the Terre Haute, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Terre Haute Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Terre Haute$1,685$43058

Cheapest Available Terre Haute Apartments for Rent

 

The cheapest available apartment rental in Terre Haute, IN is a 1 Bed unit found at Union Pointe in the Downtown Terre Haute neighborhood priced from $550. Winston Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Terre Haute apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Union Pointe1 Bedroom1BR,2BA$550
Winston Terrace2BR/1BA1BR,2BA$725
The Annex of Terre HauteStudio AStudio,1BA$725
Lakewood Apartments1 Bed with stack wash/dry1BR,1BA$725
Riverside Apartments2 Bedroom2BR,1BA$750
The Village Quarter1 Bed 1 BathStudio,1BA$760
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$785
Center City ApartmentsCity Center 21BR,1BA$800

Best Value Apartments for Rent in Terre Haute, IN

As of January 22, 2026 the best value apartment in the Terre Haute area is the $0.89 price per square foot 3x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,170. The second greatest value Terre Haute apartment is the 3 Bedroom Model at Springhill Apartments starting at $925 with a $0.84 price per square foot . Here is today’s list of the best values for Terre Haute apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at Honey Creek3x23BR,2BA$0.89
Springhill Apartments3 Bedroom3BR,1.5BA$0.84
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
8789 Bono Rd, Unit 87898789 Bono Rd2BR,1BA$1.11
Willow CrossingsPhase I - Luxury 1 Bed 1 Bath1BR,1BA$1.14
8805 Bono Rd, Unit 88058805 Bono Rd1BR,1BA$1.14
2750 E Phylbeck Ave, Unit 32750 E Phylbeck Ave2BR,1BA$1.14
Riverside Apartments2 Bedroom2BR,1BA$1.07
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$0.92

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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Best Local Schools in
Terre Haute, IN

School data provided by Great Schools

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

Explore Terre Haute, IN Rentals by Map

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See the most popular apartments and homes in Terre Haute, IN

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Frequently Asked Questions about Cheap Terre Haute Apartments

What is a cheap apartment in Terre Haute?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Terre Haute is under $800.

What is the price of a cheap apartment in Terre Haute?

The cheapest apartment in Terre Haute is Union Pointe which is listed at $550, while the average apartment in Terre Haute costs $1,685.

What types of apartments are the cheapest in Terre Haute?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Terre Haute that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Terre Haute?

Cheap apartments in Terre Haute have an average cost of $480 which is $1,205 cheaper than the average rent for all rentals in Terre Haute.

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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.