Cheap Apartments for Rent in Universal, IN from $300 (39 Rentals)

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

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.

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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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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included

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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2204 Alpha Dr
1 Bedroom Apartments

2204 Alpha Dr

2204 Alpha DrDanville, IL 61832

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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The Deming
Studio to 2 Bedroom Apartments

The Deming

615 Cherry StTerre Haute, IN 47807
Showing Results 1-39, 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 1 Bed unit found at Anthony Square Senior Apartments in the Downtown Terre Haute neighborhood priced from $525. 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 Universal apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Anthony Square Senior Apartments1 BR, 1 BA1BR,1BA$525
Union Pointe1 Bedroom1BR,2BA$550
Arbors at Honey Creek2x22BR,2BA$610
Brookhaven1 Bed/ 1 Bath1BR,1BA$717
The Annex of Terre HauteStudio AStudio,1BA$725
The Village1BR/1.0BA1BR,1BA$725
The Verander1Br1BR,1BA$732
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$750
The Grove1BR1BR,1BA$783
Winston Terrace2BR/1BA2BR,1BA$795

Best Value Apartments for Rent in Universal, IN and Nearby

As of May 05, 2026 the best value apartment in the Universal area is the $0.81 price per square foot 3x2-80% Model at Townhomes on Main in the starting from $1,205. The second greatest value Universal apartment is the 2 Bed 2 Bath Private Entry Model at Devonshire Village starting at $1,450 with a $1.21 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.
Townhomes on Main3x2-80%3BR,2BA$0.81
Devonshire Village2 Bed 2 Bath Private Entry2BR,2BA$1.21
Arbors at Honey Creek2x22BR,2BA$0.57
Winston Terrace2BR/1BA2BR,1BA$0.94
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$0.90
Willow CrossingsPhase I - 2 Bed 1 Bath2BR,1BA$1.12
The Landings1 Bedroom1BR,1BA$1.22
Sycamore Place2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$0.92
Anthony Square Senior Apartments2 BR, 1 BA2BR,1BA$1.20

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Explore Universal, IN Rentals by Map

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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 The Annex of Terre Haute listed at $725.

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

The lowest price for a Cheap One Bedroom Universal Apartment is $525 at Anthony Square Senior Apartments.

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 $610 at Arbors at Honey Creek.

What is the most affordable Universal Three Bedroom Apartment?

The best deal on a cheap Universal Three Bedroom Apartment rental is at Arbors at Honey Creek and starts from $706.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.