Cheap Apartments for Rent near Universal, IN from $300 (63 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Historic Walnut Square
1 to 3 Bedroom Apartments

Historic Walnut Square

200 S 6th StTerre Haute, IN 47807
  • Utilities Included
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2204 Alpha Dr
1 Bedroom Apartments

2204 Alpha Dr

2204 Alpha DrDanville, IL 61832

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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property at 517 N 14th St

$799

2 Bedroom Rentals

Available Now

517 N 14th St

Terre HauteIN47807

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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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 Sycamore Estates priced from $225. River Valley Apartments in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $460. Here is today’s list of the most affordable Universal apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sycamore EstatesMobile Home Lot2BR,1BA$225
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$460
Brook Haven ApartmentsStudioStudio,1BA$525
Anthony Square Senior Apartments1 BR, 1 BA1BR,1BA$525
Springhill ApartmentsEfficiency - 1 PersonStudio,1BA$550
Union Pointe1 Bedroom1BR,2BA$550
Arthur Ave Apartments1x11BR,1BA$610
Arbors at Honey Creek2x22BR,2BA$610
Wabash Shore Apartments1BR/1.0BA1BR,1BA$699
Harrison West1 Bedroom1BR,1BA$725

Best Value Apartments for Rent in Universal, IN and Nearby

As of August 04, 2026 the best value apartment in the Universal area is the $1.03 price per square foot Barcelona - 2.Lower.Garage Model at Cobblestone Crossings Apartments in the starting from $1,618. The second greatest value Universal apartment is the 3x2-80% Model at Townhomes on Main starting at $1,205 with a $0.81 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.
Cobblestone Crossings ApartmentsBarcelona - 2.Lower.Garage2BR,2BA$1.03
Townhomes on Main3x2-80%3BR,2BA$0.81
Arbors at Honey Creek2x22BR,2BA$0.57
River Valley Apartments2 Bedroom 2 Bath2BR,2BA$0.50
Sycamore EstatesMobile Home Rental3BR,1BA$0.67
THE GROVE AT FARRINGTON2 Bed 1 Bath2BR,1BA$0.90
Ashton Apartments1BR/1.5BA1BR,1.5BA$0.97
Sycamore Place2.1 C2BR,1BA$0.80
Arthur Ave Apartments1x11BR,1BA$0.97
Union Pointe1 Bedroom1BR,2BA$0.92

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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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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 Brook Haven Apartments 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 $225 at Sycamore Estates.

What is the most affordable Universal Three Bedroom Apartment?

The best deal on a cheap Universal Three Bedroom Apartment rental is at Sycamore Estates and starts from $600.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.