
Cheap Homes for Rent in Downtown Terre Haute Neighborhood of Terre Haute, IN from $500 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Terre Haute area of Terre Haute.


671 N 25th St

2015 Washington Ave

1130 Florida Ave

630 Ash St

1850 N 6th 1/2 St

1725 N 30th 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.

731 S 7th St

2034 N 21st St

676 Delaware Ave

1436 Sycamore St

567 Farrington St

2403 Locust St

1029 S 17th 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.
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 | $984 | $650 | $1,750 |
| Downtown Terre Haute 3 Bedroom Homes for Rent | $1,190 | $875 | $1,450 |
| Downtown Terre Haute 4 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
| Downtown Terre Haute 5 Bedroom Homes for Rent | $1,615 | $1,395 | $1,750 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 C | Studio,1BA | $690 |
| 525 S 6th St | 1 Beds, 1 Baths | 1BR,1BA | $750 |
Best Value Apartments for Rent in Downtown Terre Haute, IN
As of June 16, 2026 the best value apartment in the Downtown Terre Haute area is the $0.35 price per square foot 1525 South 7th Street Model at 1525 South 7th Street, Unit SE in the in the Downtown Terre Haute neighborhood starting from $395. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1525 South 7th Street, Unit SE | 1525 South 7th Street | 1BR,1.5BA | $0.35 |
| Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
| Center City Apartments | 2 Bedroom 1 Bath | 2BR,1BA | $1.22 |
| THE GROVE AT FARRINGTON | 2 Bed 1 Bath | 2BR,1BA | $0.90 |
| Anthony Square Carriage Homes | 1 Beds, 1 Baths | 1BR,1BA | $1.14 |
| 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 C | Studio ,1BA | $1.37 |
Frequently Asked Questions about Downtown Terre Haute
What type of rentals are currently available in Downtown Terre Haute?
There are currently 65 Apartments for Rent in Downtown Terre Haute, IN with pricing that ranges from $395 to $2,500. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Terre Haute ranging from $595 to $1,800.
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 $595 to $1,800 with an average monthly rent of $1,182.
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 $875 to $1,450. Four Bedroom Single-Family rentals are also available starting from $1,800 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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.