Cheap Apartments for Rent in Terre Haute, IN from $300 (77 Rentals)

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

property at 707 3rd Ave

$675 - $875

Studio To 2 Bedroom Rentals

Available Now

707 3rd Ave

Terre HauteIN47807

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 2900 S 13th St

$725 - $775

1 Bedroom Rentals

Available Now

2900 S 13th St

Terre HauteIN47802

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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619 S 4th St
$850 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,100
Total Monthly Price
$850 - $1,100
1 to 2 Bedroom Apartment Available Now

619 S 4th St

619 S 4th StTerre Haute, IN 47807
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property at 517 N 14th St

$899

2 Bedroom Rentals

Available Now

517 N 14th St

Terre HauteIN47807
property at 2612 Cruft St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

2612 Cruft St

Terre HauteIN47803

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 1901 S 9th St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000
Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Now

1901 S 9th St

Terre HauteIN47802
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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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Fieldstone Apartments
1 to 3 Bedroom Apartments

Fieldstone Apartments

1035 Elm StTerre Haute, IN 47807
  • Utilities Included

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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property at 626 E Curry Dr

$650 - $675

1 Bedroom Rentals

Available Now

626 E Curry Dr

Terre HauteIN47802
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820 Poplar Street
Studio to 2 Bedroom Apartments

820 Poplar Street

820 Poplar StTerre Haute, IN 47807
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Maryland School Apartments
Studio to 2 Bedroom Apartments

Maryland School Apartments

741-831 E Springhill DrTerre Haute, IN 47802
  • Utilities Included

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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Terre Haute, IN Local Guide

Cheapest Neighborhoods for Apartments in Terre Haute, IN

Pricing Updated: 07/28/2026

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$2,050$65033

Cheapest Available Terre Haute Apartments for Rent

 

The cheapest available apartment rental in Terre Haute, IN is a 2 Beds unit found at River Valley Apartments in the Downtown Terre Haute neighborhood priced from $460. Springhill Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $550. Here is today’s list of the most affordable Terre Haute apartments for rent:

Apartment ListingModel NameBed/BathPriced From
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$460
Springhill ApartmentsEfficiency - 1 PersonStudio,1BA$550
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
NorthwindThe Hickory1BR,1BA$650
Anthony Square Senior Apartments2 BR, 1 BA2BR,1BA$662
820 Poplar Street820 Poplar Street - 132BR,1BA$695
Harrison West1 Bedroom1BR,1BA$725

Best Value Apartments for Rent in Terre Haute, IN

As of July 28, 2026 the best value apartment in the Terre Haute area is the $0.46 price per square foot 2110 N 30th St Model at 2110 N 30th St, Unit 2110 N 30th Street, Terre Haute, IN in the in the Downtown Terre Haute neighborhood starting from $775. The second greatest value Terre Haute apartment is the 1525 South 7th Street Model at 1525 South 7th Street, Unit SE starting at $395 with a $0.35 price per square foot in the Downtown Terre Haute neighborhood. 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.
2110 N 30th St, Unit 2110 N 30th Street, Terre Haute, IN2110 N 30th St2BR,1BA$0.46
1525 South 7th Street, Unit SE1525 South 7th Street1BR,1.5BA$0.35
Arbors at Honey Creek2x22BR,2BA$0.57
Trails Edge2 Bedroom 1 Bath Apartment2BR,1BA$0.94
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$0.50
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$0.90
The Annex of Terre Haute2 Bed 1 Bath2BR,1BA$0.77
Ashton Apartments1BR/1.5BA1BR,1.5BA$0.97
Sycamore Place2.1 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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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

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

Explore Terre Haute, IN Rentals by Map

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Frequently Asked Questions about Cheap Terre Haute Apartments

What is the Cheapest Studio apartment in Terre Haute?

Currently the most affordable Cheap Studio Apartment in Terre Haute is at Springhill Apartments listed at $550.

How much is rent for a Cheap One Bedroom Terre Haute Apartment?

The lowest price for a Cheap One Bedroom Terre Haute Apartment is $550 at Union Pointe.

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

Today's best deal for a Cheap Two Bedroom Apartment in Terre Haute is starting from $460 at River Valley Apartments.

What is the most affordable Terre Haute Three Bedroom Apartment?

The best deal on a cheap Terre Haute 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.