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 2333 N 14th St

2333 N 14th St

Terre HauteIN47804
property at 420 S 7th St

420 S 7th St

Terre HauteIN47807

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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property at 517 N 14th St

517 N 14th St

Terre HauteIN47807
property at 1400 Wabash Ave

1400 Wabash Ave

Terre HauteIN47807
property at 3417 S Center St

3417 S Center St

Terre HauteIN47802
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Terre Haute, IN Local Guide

Cheapest Neighborhoods for Apartments in Terre Haute, IN

Pricing Updated: 04/18/2025

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$2,700$47560

Cheapest Available Terre Haute Apartments for Rent

 

The cheapest available apartment rental in Terre Haute, IN is a 1 Bed unit found at Union Pointe in the Downtown Terre Haute neighborhood priced from $550. Historic Walnut Square in the Downtown Terre Haute neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Terre Haute apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Union Pointe1 Bedroom1BR,2BA$550
Historic Walnut SquareTwo Bedroom2BR,1BA$700
Winston Terrace1BR/1BA1BR,1BA$725
The Annex of Terre HauteStudio AStudio,1BA$745
Highland Terrace2 Bed 1 Bath2BR,1BA$775
The Village Quarter1 Bed 1Bath1BR,1BA$815
Cobblestone Crossings ApartmentsAvalon - 1.Upper1BR,1BA$818
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$835
The DemingA1BR,1BA$839

Best Value Apartments for Rent in Terre Haute, IN

As of April 18, 2025 the best value apartment in the Terre Haute area is the $1.12 price per square foot 3 Bed Townhome Model at The Flats of Terre Haute in the in the Downtown Terre Haute neighborhood starting from $1,850. The second greatest value Terre Haute apartment is the 4x2 Model at Arbors at Honey Creek starting at $1,347 with a $0.93 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.
The Flats of Terre Haute3 Bed Townhome3BR,2.5BA$1.12
Arbors at Honey Creek4x24BR,2BA$0.93
Harrison West3 Bedroom3BR,2BA$0.91
Highland Terrace2 Bed 1 Bath2BR,1BA$1.13
ANTHONY SQUARE SENIOR LIVING2 Bed 1 Bath2BR,1BA$1.00
The Village Quarter2 Bed 1 Bath2BR,1BA$1.16
Historic Walnut SquareTwo Bedroom2BR,1BA$0.85
Ashton Apartments1BR/1.5BA1BR,1.5BA$1.17
Union Pointe1 Bedroom1BR,2BA$0.92
Winston Terrace1BR/1BA1BR,1BA$1.32

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Frequently Asked Questions about Terre Haute

What type of rentals are currently available in Terre Haute?

There are currently 105 Apartments for Rent in Terre Haute, IN with pricing that ranges from $475 to $2,700. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Terre Haute ranging from $575 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 $575 to $3,600 with an average monthly rent of $1,518.

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 $2,622, while Three Bedroom Homes, Condos, and Townhomes for rent range from $895 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,300 and Four Bedroom Apartments start at $475.

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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Know Your Rights - How Discrimination Laws Impact Landlords and Tenants article

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.