Cheap Apartments for Rent in Universal, IN from $300 (35 Rentals)

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Search the lowest-cost Apartments available for rent right now in Universal.

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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Highland
1 to 3 Bedroom Apartments

Highland

1526 Edgar DrCharleston, IL 61920

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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property at 820 Poplar St

820 Poplar St

Terre HauteIN47807
property at 2333 N 14th St

2333 N 14th St

Terre HauteIN47804

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Showing Results 1-35, Page 1 of 1

Universal, IN Local Guide

Cheapest Available Universal Apartments for Rent and Nearby

 

The cheapest available apartment rental in Universal, IN is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. Brookhaven has the second lowest priced unit, which is a Studio apartment currently listed from $525. Here is today’s list of the most affordable Universal apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
BrookhavenStudioStudio,1BA$525
Union Pointe1 Bedroom1BR,2BA$550
Arthur Ave Apartments1x11BR,1BA$610
Brunswick ApartmentsStudioStudio,1BA$625
Highland Terrace1 Bed 1 Bath1BR,1BA$675
Springhill Apartments1 Bedroom1BR,1BA$700
The Grove1 Bed 1 Bath1BR,1BA$726
The Annex of Terre HauteStudio CStudio,1BA$750
Townway Place1 Beds, 1 Baths1BR,1BA$795

Best Value Apartments for Rent in Universal, IN and Nearby

As of June 03, 2025 the best value apartment in the Universal area is the $0.95 price per square foot 2x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,022. The second greatest value Universal apartment is the 2 Bedroom Model at 202 E Crockett starting at $945 with a $1.05 price per square foot . Here is today’s list of the best values for Universal apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at Honey Creek2x22BR,2BA$0.95
202 E Crockett2 Bedroom2BR,1BA$1.05
Harrison West2 Bedroom2BR,1BA$0.93
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
The Grove1 Bed 1 Bath1BR,1BA$0.97
Willow CrossingsPhase I - 1 Bed 1 Bath w Patio1BR,1BA$1.13
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Arthur Ave Apartments1x11BR,1BA$0.97
Union Pointe1 Bedroom1BR,2BA$0.92

Quick Rent Budget Calculator

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

Explore Universal, IN Rentals by Map

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See the most popular apartments and homes in Universal, IN

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Getting Around Universal, IN

Bike Score®

19 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Universal Apartments

What is the Cheapest Studio apartment in Universal?

Currently the most affordable Cheap Studio Apartment in Universal is at Brookhaven listed at $525.

How much is rent for a Cheap One Bedroom Universal Apartment?

The lowest price for a Cheap One Bedroom Universal Apartment is $550 at Union Pointe.

What is the lowest price for a Cheap Two Bedroom Universal Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Universal is starting from $417 at Historic Walnut Square.

What is the most affordable Universal Three Bedroom Apartment?

The best deal on a cheap Universal Three Bedroom Apartment rental is at Historic Walnut Square and starts from $479.

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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.