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Studio Apartments for Rent in Terre Haute, IN

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    Starting at $430 Per Month

    • Studio - 4 Beds

    224 N 3rd St, Terre Haute, IN 47807

    An exciting new chapter begins as soon as you take your pick of our off-campus student housing apartments. Life's essential amenities are a given from the get-go, providing a convenient community to call home. Some of these highlights include in-unit washers and dryers, efficient appliances, as well as lovely vinyl plank flooring. You will be just as charmed by the fitness center and the

    The Annex of Terre Haute

    (217) 275-5317

    224 N 3rd St, Terre Haute, IN 47807
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    Starting at $810 Per Month

    • Studio - 3 Beds

    100 Village Dr, Terre Haute, IN 47803

    Welcome to The Village Quarter Apartments in Terre Haute, Indiana! Not only will you have the space you need, but you will also have access to various nearby parks, attractions, and delicious restaurants, giving you plenty of things to do in the area. Our Terre Haute apartments are just 12 minutes from downtown and are close to Hwy 41, 150 and Interstate 70 so commuting has never been easier.If

    The Village Quarter

    (930) 666-2036

    100 Village Dr, Terre Haute, IN 47803
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    Starting at $670 Per Month

    • Studio - 4 Beds

    1200 E Elmwood Dr, Terre Haute, IN 47802

    Where you live is your business. How well you live is ours. With our great amenities, you'll be happy to come home every day. Relax by the saltwater swimming pool or catch tonight's dinner in our stocked pond. Each apartment home features extra storage and efficient heating & cooling, keeping you comfortable no matter the time of year.If you are looking for an affordable apartment in Terre Haute,

    Willow Crossings

    (930) 666-1265

    1200 E Elmwood Dr, Terre Haute, IN 47802
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    $650 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    2015 Washington Ave, Terre Haute, IN 47803

    1 bedroom, 1 bathroom duplex is now available! This home features a fenced-in back yard and a storage shed. Tenant pays gas, electric, and a $50 utility fee for water and sewage.No pets!Rent: $650.00Deposit: $650.00Application Fee: $50.00All Stone Realty Group residents are enrolled in the Resident Benefits Package (RBP) for $39.00/month which includes

    2015 Washington Ave, Terre Haute, IN 47803
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    Call for Price

    • Studio
    • 0.5 Baths
    • House for Rent

    601 Ohio St, Terre Haute, IN 47807

    Contact us to schedule a showing.

    601 Ohio St, Terre Haute, IN 47807

Why Live in Terre Haute

Terre Haute combines natural beauty with cultural attractions, featuring nationally recognized Griffin Bike Park and the scenic Wabashiki Fish and Wildlife Area along the Wabash River. Residents enjoy outdoor recreation at multiple parks including Collett Park, Hawthorn Park for hiking and fishing, and Deming Park with its disc golf course and seasonal train rides. The city's cultural scene includes the free admission Swope Art Museum, three-story Terre Haute Children's Museum, and historically significant Eugene V. Debs Museum. Local dining highlights range from upscale establishments like Stables Steakhouse and J Ford Black Angus to casual spots such as Bar Bosco and Umi Grill.

The housing market in Terre Haute presents diverse options across distinct neighborhoods. The median single family home price is $159,900, while townhomes command a median price of $197,500. One bedroom condos have a median price of $111,300, and two bedroom condos typically sell for a median price of $116,000. Premium neighborhoods like Idle Creek Golf Community showcase single family homes with a median price of $559,000, while Ohio Boulevard homes have a median price of $180,000. More affordable options exist in Twelve Points with a median single family home price of $69,500.

The cost of living in Terre Haute sits 9.1% above the national average. A family with school age children should aim for a $120,000 annual salary, while renters need approximately $61,000 to live comfortably. Property taxes stand at 0.89%, lower than many comparable areas. The city benefits from strong educational institutions including Indiana State University and Rose-Hulman Institute of Technology. North Clay Middle School, serving the Woodridge Park neighborhood, maintains a B+ rating. Major employers include Indiana State University and multiple healthcare facilities.

Frequently Asked Questions

How much does it cost to rent a home in Terre Haute, IN?
The median rent for a home in Terre Haute, IN is $950 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Terre Haute, IN?
To comfortably afford the median rent in Terre Haute, IN, a household needs to earn roughly $38,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $950 per month in Terre Haute, IN, renters typically need to show $2,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Terre Haute, IN?
In Terre Haute, IN, the price-to-rent ratio is 11.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends in Terre Haute, IN

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$950
Median Single Family Home Rent
$1,050
Median Townhouse Rent
$875
Median Condo Rent
$875
How to Rent a Home