Cheap Homes for Rent in Downtown Terre Haute Neighborhood of Terre Haute, IN from $500 (7 Rentals)

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

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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 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
The Annex of Terre HauteStudio AStudio,1BA$725

Best Value Apartments for Rent in Downtown Terre Haute, IN

As of March 09, 2026 the best value apartment in the Downtown Terre Haute area is the $0.64 price per square foot 509 S 5th St Model at 509 S 5th St, Unit 509 .5 S. 5th St. in the in the Downtown Terre Haute neighborhood starting from $795. 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.
509 S 5th St, Unit 509 .5 S. 5th St.509 S 5th St2BR,1BA$0.64
RiverfrontLayout 20 (East/Track View)2BR,2BA$1.33
Arbors at Honey Creek2x22BR,2BA$0.94
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
Heritage TrailOne Bedroom Apartment1BR,1BA$1.41
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$0.92
Anthony Square Senior Apartments2 BR, 1 BA2BR,1BA$1.14
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 59 Apartments for Rent in Downtown Terre Haute, IN with pricing that ranges from $430 to $2,000. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Terre Haute ranging from $500 to $2,000.

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 $500 to $2,000 with an average monthly rent of $1,054.

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 $1,000 to $2,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $1,195. Four Bedroom Single-Family rentals are also available starting from $1,150 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 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.

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.