Cheap Homes for Rent in Downtown Terre Haute Neighborhood of Terre Haute, IN from $400 (15 Rentals)

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

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.

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.

property at 610 S 5th St

610 S 5th St

Terre HauteIN47807

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.

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
Arbors at Honey Creek2x22BR,2BA$610
Harrison West2 Bedroom2BR,1BA$800
University Village Student HousingLarge Loft1BR,1BA$810

Best Value Apartments for Rent in Downtown Terre Haute, IN

As of July 24, 2025 the best value apartment in the Downtown Terre Haute area is the $1.26 price per square foot Layout 22 (River View) Model at Riverfront in the in the Downtown Terre Haute neighborhood starting from $1,500. The second greatest value Downtown Terre Haute apartment is the 2x2 Model at Arbors at Honey Creek starting at $610 with a $0.57 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.
RiverfrontLayout 22 (River View)2BR,2BA$1.26
Arbors at Honey Creek2x22BR,2BA$0.57
1724 S Center St, Unit A1724 S Center St2BR,1BA$0.96
1918 N 9th St, Unit Collett Park Retreat1918 N 9th St1BR,1BA$1.22
Harrison West2 Bedroom2BR,1BA$0.93
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
The Annex of Terre Haute2 bed 2 Bath A2BR,2BA$0.71
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
640 Wabash Ave, Unit Center City 1640 Wabash Ave1BR,1BA$1.21
Union Pointe1 Bedroom1BR,2BA$0.92

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Frequently Asked Questions about Downtown Terre Haute

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

There are currently 62 Apartments for Rent in Downtown Terre Haute, IN with pricing that ranges from $351 to $2,500. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Terre Haute ranging from $450 to $3,000.

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 $450 to $3,000 with an average monthly rent of $1,077.

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 $706 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $2,000. Four Bedroom Single-Family rentals are also available starting from $450 and Four Bedroom Apartments start at $514.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.