Cheap Apartments for Rent in Terre Haute, IN from $300 (60 Rentals)

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

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 2000 Locust St

2000 Locust St

Terre HauteIN47807

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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property at 1735 N 26th St

1735 N 26th St

Terre HauteIN47804

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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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 610 S 5th St

610 S 5th St

Terre HauteIN47807

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: 07/30/2025

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$1,002$35141

Cheapest Available Terre Haute Apartments for Rent

 

The cheapest available apartment rental in Terre Haute, IN is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. Lakewood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Terre Haute apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
Lakewood ApartmentsStudioStudio,1BA$500
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Willow CrossingsPhase I - StudioStudio,1BA$699
Ashton Apartments1BR/1.5BA1BR,1BA$700

Best Value Apartments for Rent in Terre Haute, IN

As of July 30, 2025 the best value apartment in the Terre Haute area is the $0.57 price per square foot 2x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $610. The second greatest value Terre Haute apartment is the Two Bedroom Apartment Model at Heritage Trail starting at $1,240 with a $1.19 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.
Arbors at Honey Creek2x22BR,2BA$0.57
Heritage TrailTwo Bedroom Apartment2BR,2BA$1.19
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
The Annex of Terre Haute2 bed 2 Bath A2BR,2BA$0.71
8354 S US Highway 41, Unit B8354 S US Highway 412BR,1BA$0.91
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
Ashton Apartments1BR/1.5BA1BR,1.5BA$0.88
8406 S US Highway 41, Unit A8406 S US Highway 412BR,1BA$0.95
640 Wabash Ave, Unit Center City 1640 Wabash Ave1BR,1BA$1.21
Union Pointe1 Bedroom1BR,2BA$0.92

Quick Rent Budget Calculator

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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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Getting Around Terre Haute, IN

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

43 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

13 / 100

Minimal Transit

It may be possible to get on a bus

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $700.

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 $1,002.

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 22 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 $523 which is $479 cheaper than the average rent for all rentals in Terre Haute.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.