
Cheap Homes for Rent in Universal, IN from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Universal.


28 N 14th St

428 S 15th St

13 N 14th St

2333 N 14th St

1014 3rd Ave

1358 Chestnut St

2010 N 4th St

122 N 18th St

121 Gilbert Ave

432 2nd Ave

1800 N 6th 1/2 St

620 College Ave

832 S 17th St

611 Ohio St
Universal, IN Local Guide

How much does it cost to rent a home in Universal?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Universal 2 Bedroom Homes for Rent | $993 | $700 | $1,500 |
Universal 3 Bedroom Homes for Rent | $1,120 | $600 | $1,600 |
Universal 4 Bedroom Homes for Rent | $1,436 | $1,200 | $2,000 |
Universal 5 Bedroom Homes for Rent | $1,258 | $975 | $1,500 |
Browse Top Homes for Rent in Universal
Explore Universal
Universal, IN Local Guide
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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. Lakewood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $500. Here is today’s list of the most affordable Universal apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Historic Walnut Square | Two Bedroom | 2BR,1BA | $417 |
Lakewood Apartments | Studio | Studio,1BA | $500 |
Brookhaven | Studio | Studio,1BA | $525 |
Sullivan Downtown Townhomes | 3 Bed 2.5 Bath Duplex | 3BR,2BA | $534 |
Union Pointe | 1 Bedroom | 1BR,2BA | $550 |
Best Value Apartments for Rent in Universal, IN and Nearby
As of August 11, 2025 the best value apartment in the Universal area is the $1.16 price per square foot Single Family Home Model at Sullivan Downtown Townhomes in the starting from $1,598. The second greatest value Universal 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 Universal apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sullivan Downtown Townhomes | Single Family Home | 3BR,2.5BA | $1.16 |
Arbors at Honey Creek | 2x2 | 2BR,2BA | $0.57 |
202 E Crockett | 2 Bedroom | 2BR,1BA | $1.05 |
ANTHONY SQUARE SENIOR LIVING | 2 Bed 1 Bath | 2BR,1BA | $1.00 |
Historic Walnut Square | Two Bedroom | 2BR,1BA | $0.51 |
The Grove | 1 Bed 1 Bath | 1BR,1BA | $0.97 |
101 Locust St | 2 Bedroom | 2BR,1BA | $1.07 |
Sycamore Place Apartments | 2.1 C | 2BR,1BA | $0.80 |
Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
Union Pointe | 1 Bedroom | 1BR,2BA | $0.92 |
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Frequently Asked Questions about Universal
What type of rentals are currently available in Universal?
There are currently 42 Apartments for Rent in Universal, IN with pricing that ranges from $351 to $2,510. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Universal ranging from $550 to $2,000.
What is the current price range for Rental Homes in Universal?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Universal ranges from $550 to $2,000 with an average monthly rent of $1,090.
How much are larger Three and Four Bedroom Rentals in Universal?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Universal range from $534 to $2,219, while Three Bedroom Homes, Condos, and Townhomes for rent range from $600 to $1,600. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $804.
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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.