
Cheap Homes for Rent in Downtown Terre Haute Neighborhood of Terre Haute, IN from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Terre Haute area of Terre Haute.


1462 Locust St, Unit 1

1709 Crawford St

1362 Chestnut St

2015 Washington Ave

2003 N 22nd St
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.

651 N 25th St

1309 3rd Ave

600 S 4th St

801 Grant St

59 S 15th St

1001 E Voorhees 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.

1615 N 14th St

2206 2nd Ave

501 S 20th St

2200 S 8th St

1436 S 4th St

731 S 7th 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.

101 N 34th St

2615 S Center St
Downtown Terre Haute, Terre Haute, IN Local Guide

How much does it cost to rent a home in Downtown Terre Haute?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Terre Haute 2 Bedroom Homes for Rent | $920 | $625 | $1,500 |
| Downtown Terre Haute 3 Bedroom Homes for Rent | $1,156 | $668 | $1,600 |
| Downtown Terre Haute 4 Bedroom Homes for Rent | $1,706 | $1,495 | $1,900 |
| Downtown Terre Haute 5 Bedroom Homes for Rent | $1,185 | $875 | $1,495 |
Browse Homes for Rent in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Downtown Terre Haute Neighborhood of Terre Haute, IN.
Explore 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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Anthony Square Senior Apartments | 1 BR, 1 BA | 1BR,1BA | $525 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $610 |
| The Annex of Terre Haute | Studio A | Studio,1BA | $725 |
| THE GROVE AT FARRINGTON | 2 Bed 1 Bath | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
| THE GROVE AT FARRINGTON | 2 Bed 1 Bath | 2BR,1BA | $0.90 |
| Heritage Trail | One Bedroom Apartment | 1BR,1BA | $1.41 |
| Riverfront | Layout 17 (East/North View) - Half Floor | 1BR,1BA | $1.53 |
| Sycamore Place | 2.1 C | 2BR,1BA | $0.80 |
| Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
| Anthony Square Senior Apartments | 2 BR, 1 BA | 2BR,1BA | $1.20 |
| The Annex of Terre Haute | Studio B | Studio ,1BA | $1.68 |
| The Deming | A | 1BR,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

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.

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.

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.

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.