Cheap Homes for Rent in Downtown Terre Haute Neighborhood of Terre Haute, IN from $500 (20 Rentals)

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

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.

property at 1309 3rd Ave

$668

Total Monthly Price

Total Monthly Price

Base Rent
$668

Total Monthly Price
$668

3 Bedroom, 2 Bath Home for Rent

Available Now

1309 3rd Ave

Terre HauteIN47807
property at 59 S 15th St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

59 S 15th St

Terre HauteIN47807

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.

property at 1615 N 14th St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

1615 N 14th St

Terre HauteIN47804
property at 501 S 20th St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

3 Bedroom, 1 Bath Home for Rent

Available Now

501 S 20th St

Terre HauteIN47803

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.

property at 101 N 34th St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

5 Bedroom, 3 Bath Home for Rent

Available Now

101 N 34th St

Terre HauteIN47803

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 Anthony Square Senior Apartments priced from $525. 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
Anthony Square Senior Apartments1 BR, 1 BA1BR,1BA$525
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
The Annex of Terre HauteStudio AStudio,1BA$725
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$750

Best Value Apartments for Rent in Downtown Terre Haute, IN

As of April 25, 2026 the best value apartment in the Downtown Terre Haute area is the $0.57 price per square foot 2x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $610. The second greatest value Downtown Terre Haute apartment is the 2 Bed 1 Bath Model at THE GROVE AT FARRINGTON starting at $750 with a $0.90 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 Creek2x22BR,2BA$0.57
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$0.90
Heritage TrailOne Bedroom Apartment1BR,1BA$1.41
RiverfrontLayout 17 (East/North View) - Half Floor1BR,1BA$1.53
Sycamore Place2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$0.92
Anthony Square Senior Apartments2 BR, 1 BA2BR,1BA$1.20
The Annex of Terre HauteStudio BStudio ,1BA$1.68
The DemingA1BR,1BA$2.31

Frequently Asked Questions about Downtown Terre Haute

What type of rentals are currently available in Downtown Terre Haute?

There are currently 58 Apartments for Rent in Downtown Terre Haute, IN with pricing that ranges from $430 to $2,500. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Terre Haute ranging from $500 to $1,900.

What is the current price range for Rental Homes in Downtown Terre Haute?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Terre Haute ranges from $500 to $1,900 with an average monthly rent of $1,069.

How much are larger Three and Four Bedroom Rentals in Downtown Terre Haute?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Terre Haute range from $549 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $668 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $430.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.