Cheap Apartments for Rent in the Downtown Terre Haute Neighborhood of Terre Haute, IN from $300 (25 Rentals)

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

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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included
property at 702 S 8th St

$495 - $895

Studio To 3 Bedroom Rentals

Available Now

702 S 8th St

Terre HauteIN47807

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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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property at 2044 N 11th St

$600 - $650

1 Bedroom Rentals

Available Now

2044 N 11th St

Terre HauteIN47804

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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 1 Bed unit found at Union Pointe priced from $550. Riverside Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here are the most affordable Downtown Terre Haute apartments for rent in Terre Haute, IN:

Apartment ListingModel NameBed/BathPriced From
Union Pointe1 Bedroom1BR,2BA$550
Riverside Apartments2 Bedroom2BR,1BA$750
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$785
Center City ApartmentsCity Center 21BR,1BA$800
The DemingA1BR,1BA$929

Best Value Apartments for Rent in Downtown Terre Haute, IN

As of January 13, 2026 the best value apartment in the Downtown Terre Haute area is the $0.89 price per square foot 3x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,170. The second greatest value Downtown Terre Haute apartment is the Layout 20 (East/Track View) Model at Riverfront starting at $1,460 with a $1.33 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.
Arbors at Honey Creek3x23BR,2BA$0.89
RiverfrontLayout 20 (East/Track View)2BR,2BA$1.33
1525 South 7th Street, Unit NE1525 South 7th Street1BR,1.5BA$0.31
Center City ApartmentsCity Center 52BR,1BA$1.22
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
Heritage TrailOne Bedroom Apartment1BR,1BA$1.41
Riverside Apartments2 Bedroom2BR,1BA$1.07
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$0.92
University Village Student Housing1 bd Standard1BR,1BA$1.90

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 $1,680.

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 23 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 $461 which is $1,219 cheaper than the average rent for all rentals in Downtown 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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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!