Cheap Apartments for Rent in Terre Haute, IN from $425 (73 Rentals)

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

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2401 S Center St, Unit #3
$550

Total Monthly Price

Base Rent$550
Total Monthly Price$550
2 Bedroom Apartment Available Nov 18

2401 S Center St, Unit #3

2401 S Center StTerre Haute, IN 47802
Cost Per Sq.Ft.

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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 517 N 14th St
$695
2 Bedroom Rentals
Available Now
Cost Per Sq.Ft.

517 N 14th St

Terre HauteIN47807
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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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 1308 S 19th St
$800

Total Monthly Price

Base Rent$800
Total Monthly Price$800
2 Bedroom, 1 Bath Home for Rent
Available Now

1308 S 19th St

Terre HauteIN47803
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619 S 4th St
$850 - $1,100

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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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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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
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1032 N 9th St
1 Bedroom Apartments

1032 N 9th St

1032-1034 N 9th StTerre Haute, IN 47807

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: 09/11/2026

Current apartment rentals in the Terre Haute, IN area range in price from $425 to $2,500 with an overall median price of $929. Here is today’s list neighborhoods with the lowest median pricing for Terre Haute Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Terre Haute$929$42565

Cheapest Available Terre Haute Apartments for Rent

 

The cheapest available apartment rental in Terre Haute, IN is a 1 Bed unit found at Anthony Square Senior Apartments in the Downtown Terre Haute neighborhood priced from $525. Sycamore Place in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $549. Here is today’s list of the most affordable Terre Haute apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Anthony Square Senior Apartments1 BR, 1 BA1BR,1BA$525
Sycamore Place3 Bedroom 1.5 Bathroom Townhouse Fall 20263BR,1BA$549
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
NorthwindThe Hickory1BR,1BA$660
820 Poplar Street820 Poplar Street - 122BR,1BA$695
Willow CrossingsPhase I - StudioStudio,1BA$730
525 S 6th St1 Beds, 1 Baths1BR,1BA$750

Best Value Apartments for Rent in Terre Haute, IN

As of September 11, 2026 the best value apartment in the Terre Haute area is the $0.35 price per square foot 4 Bed 2 bath Model at The Annex of Terre Haute in the in the Downtown Terre Haute neighborhood starting from $425. The second greatest value Terre Haute apartment is the 3 Bedroom Model at Harrison West starting at $1,000 with a $0.91 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.
The Annex of Terre Haute4 Bed 2 bath4BR,2BA$0.35
Harrison West3 Bedroom3BR,2BA$0.91
Arbors at Honey Creek2x22BR,2BA$0.57
Ashton Apartments2BR/2.0BA2BR,2BA$1.00
Center City Apartments2 Bedroom 1 Bath2BR,1BA$1.17
Springhill Apartments2 Bedroom2BR,1BA$1.00
5 S 5th St, Unit 302 3045 S 5th St2BR,1BA$1.13
Riverside Apartments2 Bedroom2BR,1BA$1.14
Union Pointe1 Bedroom1BR,2BA$0.92
1322 S 7th St, Unit 1322 s 7th St1322 S 7th St1BR,1BA$1.00

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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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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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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Terre Haute, IN

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

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Frequently Asked Questions about Cheap Terre Haute Apartments

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

The cheapest apartment in Terre Haute is Anthony Square Senior Apartments which is listed at $525, while the average apartment in Terre Haute costs $929.

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 $469 which is $460 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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.