
Cheap Apartments for Rent in Terre Haute, IN from $300 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in Terre Haute.


415 Oak St

Lakewood Apartments

Arbors at Honey Creek

Springhill Apartments

8310 S US Highway 41, Unit 8310 F

Highland Terrace

Northwind

Harrison West
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.

Ashton Apartments

725 S 7th St

1712 Woodlawn Ave

2000 Locust St

Willow Crossings

Winston Terrace

8354 S US Highway 41, Unit B

8406 S US Highway 41, Unit A

640 Wabash Ave, Unit Center City 1

Center City Apartments
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.

1735 N 26th St

The Village Quarter

ANTHONY SQUARE SENIOR LIVING

707 S 17th St

2938 S 6th St

Cobblestone Crossings Apartments
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.

6948 N 32nd St

1430 S 25th St

428 S 15th St

1228 E Dawn Dr

13 N 14th St

500 S 5th St

2333 N 14th St
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.

1358 Chestnut St

1014 3rd Ave

2470 E Clayton Dr

610 S 5th St

2010 N 4th St

122 N 18th St

121 Gilbert Ave

1800 N 6th 1/2 St

1400 Wabash Ave

432 2nd Ave
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.
Terre Haute, IN Local Guide

How much does it cost to rent an apartment in Terre Haute?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Terre Haute Studio Apartments | $670 | $500 | $870 |
Cheap Terre Haute 1 Bedroom Apartments | $924 | $351 | $1,862 |
Cheap Terre Haute 2 Bedroom Apartments | $1,198 | $519 | $1,875 |
Cheap Terre Haute 3 Bedroom Apartments | $1,544 | $706 | $2,500 |
Cheap Terre Haute 4 Bedroom Apartments | $1,364 | $514 | $2,510 |
Browse Top Apartments in Terre Haute
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Terre Haute, IN Local Guide
- Terre Haute Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Terre Haute, IN
Pricing Updated: 07/30/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Downtown Terre Haute | $1,002 | $351 | 41 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
Lakewood Apartments | Studio | Studio,1BA | $500 |
Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
Arbors at Honey Creek | 2x2 | 2BR,2BA | $610 |
Highland Terrace | 1 Bed 1 Bath | 1BR,1BA | $675 |
Willow Crossings | Phase I - Studio | Studio,1BA | $699 |
Ashton Apartments | 1BR/1.5BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
Heritage Trail | Two Bedroom Apartment | 2BR,2BA | $1.19 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
The Annex of Terre Haute | 2 bed 2 Bath A | 2BR,2BA | $0.71 |
8354 S US Highway 41, Unit B | 8354 S US Highway 41 | 2BR,1BA | $0.91 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
Ashton Apartments | 1BR/1.5BA | 1BR,1.5BA | $0.88 |
8406 S US Highway 41, Unit A | 8406 S US Highway 41 | 2BR,1BA | $0.95 |
640 Wabash Ave, Unit Center City 1 | 640 Wabash Ave | 1BR,1BA | $1.21 |
Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
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.
Best Local Schools in Terre Haute, IN
Terre Haute South Vigo High School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Terre Haute, IN
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.

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.

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.

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.

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.