Cheap Homes for Rent in Terre Haute, IN from $500 (29 Rentals)

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Search the lowest-cost Homes available for rent right now in Terre Haute.

property at 820 Poplar St

820 Poplar St

Terre HauteIN47807
property at 1034 N 7th St

1034 N 7th St

Terre HauteIN47807
property at 2333 N 14th St

2333 N 14th St

Terre HauteIN47804

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 1034 N 8th St

1034 N 8th St

Terre HauteIN47807

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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property at 1400 Wabash Ave

1400 Wabash Ave

Terre HauteIN47807
property at 3417 S Center St

3417 S Center St

Terre HauteIN47802

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Showing Results 1-29, Page 1 of 1

Terre Haute, IN Local Guide

Cheapest Neighborhoods for Apartments in Terre Haute, IN

Pricing Updated: 05/12/2025

Current apartment rentals in the Terre Haute, IN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Terre Haute Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Terre Haute$3,600$57541

Cheapest Available Terre Haute Apartments for Rent

 

The cheapest available apartment rental in Terre Haute, IN is a 2 Beds unit found at Historic Walnut Square in the Downtown Terre Haute neighborhood priced from $417. 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 Terre Haute apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Historic Walnut SquareTwo Bedroom2BR,1BA$417
Union Pointe1 Bedroom1BR,2BA$550
Highland Terrace1 Bed 1 Bath1BR,1BA$675
The Annex of Terre HauteStudio CStudio,1BA$750
Harrison West2 Bedroom2BR,1BA$800
Willow CrossingsPhase I - 2 Bed 1 Bath2BR,1BA$800
The DemingI1BR,1BA$809
Trails Edge1 Bedrom 1 Bath Apartment1BR,1BA$820

Best Value Apartments for Rent in Terre Haute, IN

As of May 12, 2025 the best value apartment in the Terre Haute area is the $0.93 price per square foot 4x2 Model at Arbors at Honey Creek in the in the Downtown Terre Haute neighborhood starting from $1,347. The second greatest value Terre Haute apartment is the 1525 South 7th Street Model at 1525 South 7th Street, Unit NE starting at $320 with a $0.31 price per square foot in the Downtown Terre Haute neighborhood. Here is today’s list of the best values for Terre Haute apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbors at Honey Creek4x24BR,2BA$0.93
1525 South 7th Street, Unit NE1525 South 7th Street1BR,1.5BA$0.31
6141 S State Rd 63, Unit B6141 S State Rd 632BR,1BA$0.97
1851 Park St, Unit 1851 1/2 Park St1851 Park St1BR,1BA$0.56
Harrison West2 Bedroom2BR,1BA$0.93
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
Historic Walnut SquareTwo Bedroom2BR,1BA$0.51
Willow CrossingsPhase I - 2 Bed 1 Bath2BR,1BA$0.98
Sycamore Place Apartments2.1 C2BR,1BA$0.80
Union Pointe1 Bedroom1BR,2BA$0.92

Quick Rent Budget Calculator

How much rent can you afford?

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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Frequently Asked Questions about Terre Haute

What type of rentals are currently available in Terre Haute?

There are currently 86 Apartments for Rent in Terre Haute, IN with pricing that ranges from $320 to $2,520. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Terre Haute ranging from $525 to $3,600.

What is the current price range for Rental Homes in Terre Haute?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Terre Haute ranges from $525 to $3,600 with an average monthly rent of $1,602.

How much are larger Three and Four Bedroom Rentals in Terre Haute?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Terre Haute range from $925 to $2,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $2,200. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $465.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.