Cheap Homes for Rent in Universal, IN from $500 (15 Rentals)

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property at 611 Ohio St

611 Ohio St

Terre HauteIN47807

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. 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 ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
Lakewood ApartmentsStudioStudio,1BA$500
BrookhavenStudioStudio,1BA$525
Sullivan Downtown Townhomes3 Bed 2.5 Bath Duplex3BR,2BA$534
Union Pointe1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sullivan Downtown TownhomesSingle Family Home3BR,2.5BA$1.16
Arbors at Honey Creek2x22BR,2BA$0.57
202 E Crockett2 Bedroom2BR,1BA$1.05
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
101 Locust St2 Bedroom2BR,1BA$1.07
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Arthur Ave Apartments1x11BR,1BA$0.97
Union Pointe1 Bedroom1BR,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.

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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.

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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.

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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.

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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.