
Cheap Apartments for Rent in the Downtown Terre Haute Neighborhood of Terre Haute, IN from $300 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Terre Haute area of Terre Haute.


River Valley Apartments

Arbors at Honey Creek

Union Pointe

2031 Blaine Ave

1462 S 7th St
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.

2125 Cleveland Ave

1631 Tippecanoe St

Harrison West

1435 Lafayette Ave

Historic Walnut Square

702 S 8th St
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.

1101 S 7th St

Fieldstone Apartments

100 Gilbert Ave

2117 Cleveland Ave

1231 S 10th St

Miller Parrott Lofts 55 AND OLDER
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.

512 S 5th St

1362 Chestnut St

1034 N 7th St

2044 N 11th St

916 Kussner St

700 S 8th 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.

1103 N 8th St
Downtown Terre Haute, Terre Haute, IN Local Guide

How much does it cost to rent an apartment in Downtown Terre Haute?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Terre Haute Studio Apartments | $847 | $625 | $928 |
| Downtown Terre Haute 1 Bedroom Apartments | $884 | $320 | $1,280 |
| Downtown Terre Haute 2 Bedroom Apartments | $1,043 | $460 | $1,800 |
| Downtown Terre Haute 3 Bedroom Apartments | $1,503 | $785 | $2,500 |
| Downtown Terre Haute 4 Bedroom Apartments | $1,031 | $533 | $1,322 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Downtown Terre Haute Neighborhood of Terre Haute, IN.
See all Apartments in Terre HauteExplore Terre Haute
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| Riverside Apartments | 2 Bedroom | 2BR,1BA | $750 |
| ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $785 |
| Center City Apartments | City Center 2 | 1BR,1BA | $800 |
| The Deming | A | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbors at Honey Creek | 3x2 | 3BR,2BA | $0.89 |
| Riverfront | Layout 20 (East/Track View) | 2BR,2BA | $1.33 |
| 1525 South 7th Street, Unit NE | 1525 South 7th Street | 1BR,1.5BA | $0.31 |
| Center City Apartments | City Center 5 | 2BR,1BA | $1.22 |
| ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $0.94 |
| Heritage Trail | One Bedroom Apartment | 1BR,1BA | $1.41 |
| Riverside Apartments | 2 Bedroom | 2BR,1BA | $1.07 |
| Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
| University Village Student Housing | 1 bd Standard | 1BR,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.
Articles, How-To's, and Tips

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!