Cheap Homes for Rent in Terre Haute, IN from $500 (49 Rentals)

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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.

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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.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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.

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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.

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Terre Haute, IN Local Guide

Cheapest Neighborhoods for Apartments in Terre Haute, IN

Pricing Updated: 11/07/2025

Current apartment rentals in the Terre Haute, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Terre Haute Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Terre Haute$1,675$49546

Cheapest Available Terre Haute Apartments for Rent

 

The cheapest available apartment rental in Terre Haute, IN is a Studio unit found at Lakewood Apartments priced from $550. Union Pointe in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. Here is today’s list of the most affordable Terre Haute apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lakewood ApartmentsStudioStudio,1BA$550
Union Pointe1 Bedroom1BR,2BA$550
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Willow CrossingsPhase I - Executive 1 Bed 1 Bath1BR,1BA$699
Winston Terrace2BR/1BA1BR,2BA$725
Riverside Apartments2 Bedroom2BR,1BA$750
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$785
Springhill Apartments2 Bedroom2BR,1BA$785
Cobblestone Crossings ApartmentsAvalon - 1.Lower1BR,1BA$796

Best Value Apartments for Rent in Terre Haute, IN

As of November 08, 2025 the best value apartment in the Terre Haute area is the $0.80 price per square foot 4BR/4.0BA Model at Ashton Apartments in the starting from $1,200. The second greatest value Terre Haute apartment is the 2 Bedroom 2 Bath Model at River Valley Apartments starting at $1,034 with a $1.11 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Terre Haute apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ashton Apartments4BR/4.0BA4BR,4BA$0.80
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$1.11
Center City ApartmentsCity Center 52BR,1BA$1.22
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$0.94
8807 Bono Rd, Unit 88078807 Bono Rd2BR,1BA$1.06
Springhill Apartments2 Bedroom2BR,1BA$0.98
Riverside Apartments2 Bedroom2BR,1BA$1.07
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$0.92
Highland Terrace1 Bed 1 Bath1BR,1BA$1.23

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
Terre Haute, IN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Terre Haute, IN Rentals by Map

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See the most popular apartments and homes in Terre Haute, IN

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Frequently Asked Questions about Terre Haute

What type of rentals are currently available in Terre Haute?

There are currently 93 Apartments for Rent in Terre Haute, IN with pricing that ranges from $495 to $2,709. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in Terre Haute ranging from $550 to $3,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Terre Haute ranges from $550 to $3,000 with an average monthly rent of $1,220.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Terre Haute range from $850 to $2,709, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $604.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.