Cheap Apartments for Rent in Terre Haute, IN from $300 (58 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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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
Affordability
  • Utilities Included
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Fieldstone Apartments
1 to 3 Bedroom Apartments

Fieldstone Apartments

1035 Elm StTerre Haute, IN 47807
  • Utilities Included

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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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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Maryland School Apartments
Studio to 2 Bedroom Apartments

Maryland School Apartments

741-831 E Springhill DrTerre Haute, IN 47802
  • 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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Terre Haute, IN Local Guide

Cheapest Neighborhoods for Apartments in Terre Haute, IN

Pricing Updated: 11/01/2025

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$1,637$35144

Cheapest Available Terre Haute Apartments for Rent

 

The cheapest available apartment rental in Terre Haute, IN is a Studio unit found at Lakewood Apartments priced from $550. 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 Terre Haute apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood ApartmentsStudioStudio,1BA$550
Union Pointe1 Bedroom1BR,2BA$550
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Willow CrossingsPhase I - Executive 1 Bed 1 Bath1BR,1BA$699
Winston Terrace2BR/1BA1BR,2BA$725
Riverside Apartments2 Bedroom2BR,1BA$750
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$785
Springhill Apartments2 Bedroom2BR,1BA$785
Cobblestone Crossings ApartmentsAvalon - 1.Lower1BR,1BA$796

Best Value Apartments for Rent in Terre Haute, IN

As of November 01, 2025 the best value apartment in the Terre Haute area is the $0.80 price per square foot 4BR/4.0BA Model at Ashton Apartments in the starting from $1,200. The second greatest value Terre Haute apartment is the 2 Bedroom 2 Bath Model at River Valley Apartments starting at $1,034 with a $1.11 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.
Ashton Apartments4BR/4.0BA4BR,4BA$0.80
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$1.11
Center City ApartmentsCity Center 52BR,1BA$1.22
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
8807 Bono Rd, Unit 88078807 Bono Rd2BR,1BA$1.06
Springhill Apartments2 Bedroom2BR,1BA$0.98
Riverside Apartments2 Bedroom2BR,1BA$1.07
Sycamore Place Apartments2.1 C2BR,1BA$0.80
1430 S Center St, Unit Apt C1430 S Center St1BR,1BA$1.08
Union Pointe1 Bedroom1BR,2BA$0.92

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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Getting Around Terre Haute, IN

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 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 $796.

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 $1,637.

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 23 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 $538 which is $1,099 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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.