Cheap Apartments for Rent in the Downtown Terre Haute Neighborhood of Terre Haute, IN from $300 (21 Rentals)

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

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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Fieldstone Apartments
1 to 3 Bedroom Apartments

Fieldstone Apartments

1035 Elm StTerre Haute, IN 47807
  • 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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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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Downtown Terre Haute, Terre Haute, IN Local Guide

Cheapest Available Downtown Terre Haute Apartments for Rent

 

The cheapest available apartment rental in the Downtown Terre Haute area of Terre Haute, IN is a 2 Beds unit found at Historic Walnut Square priced from $417. Union Pointe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here are the most affordable Downtown Terre Haute apartments for rent in Terre Haute, IN:

Apartment ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
Union Pointe1 Bedroom1BR,2BA$550
Riverside Apartments2 Bedroom2BR,1BA$750
Sycamore Place Apartments1 Bedroom Classic Fall 20251BR,1BA$779
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$785

Best Value Apartments for Rent in Downtown Terre Haute, IN

As of October 15, 2025 the best value apartment in the Downtown Terre Haute area is the $0.67 price per square foot 1242 S 5th St Model at 1242 S 5th St, Unit 1242 half in the in the Downtown Terre Haute neighborhood starting from $750. The second greatest value Downtown 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 Downtown Terre Haute apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1242 S 5th St, Unit 1242 half1242 S 5th St3BR,1BA$0.67
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
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
1609 4th Ave, Unit D1609 4th Ave2BR,1BA$1.16
Riverside Apartments2 Bedroom2BR,1BA$1.07
1430 S Center St, Unit Apt C1430 S Center St1BR,1BA$1.08
Union Pointe1 Bedroom1BR,2BA$0.92
University Village Student Housing1 bd Standard1BR,1BA$1.21

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Pet Friendly Lifestyle
Downtown Terre Haute, Terre Haute, IN

Ranked #1

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Downtown Terre Haute Neighborhood in Terre Haute, IN

Walk Score®

66 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

24 / 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 Downtown Terre Haute Apartments

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

The cheapest apartment in Downtown Terre Haute is Union Pointe which is listed at $550, while the average apartment in Downtown Terre Haute costs $1,200.

What types of apartments are the cheapest in Downtown 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 20 regular apartments in Downtown 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 Downtown Terre Haute?

Cheap apartments in Downtown Terre Haute have an average cost of $488 which is $712 cheaper than the average rent for all rentals in Downtown 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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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.