Center City Apartments
640 Wabash Ave,
Terre Haute, IN 47807
$800 - $1,295
1-2 Beds
Rental Market Trends in Terre Haute, IN
What is the average rent in Terre Haute, IN?
$961/month
Average Rent
607 Sq Ft
Average Apartment Size
+5.5%
Increase in the Last Year
As of January 2026, the average rent in Terre Haute, IN is $961 per month. This is 41% lower than the national average rent of $1,625/month, making renting in Terre Haute more affordable than most cities in the US. When you rent an apartment in Terre Haute, you can expect to pay about $724 per month for a studio, $961 for a one-bedroom apartment, and around $1,121 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,461 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Terre Haute, IN?
In the past year, rent has increased by 5.5%, which averages out to $54 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2026
Legend
2025
2026
Rent Ranges in Terre Haute, IN
Last Updated January 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
23%
Below $700/month
46%
$700 - $1,000/month
27%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Terre Haute?
Based on current rent prices, Garden Quarter, Villages of Cobblestone and Downtown Terre Haute are the most affordable neighborhoods in Terre Haute.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Terre Haute?
Based on current rent prices, Sycamore Terrace, Downtown Terre Haute and Villages of Cobblestone are the most expensive neighborhoods in Terre Haute.
Neighborhood
Average Rent
Average Sq Ft
Which Terre Haute neighborhoods have the most rentals available?
The neighborhoods in Terre Haute with the most apartments available are Downtown Terre Haute, Villages of Cobblestone and Garden Quarter .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Terre Haute, IN?
Because the average rent in Terre Haute is $961, you’ll want to make about $3,203 per month or $38,436 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Terre Haute, IN is 4.5% lower than the national average. Generally, housing in Terre Haute is 23.0% less expensive than the national average, with rent falling between $724 - $1,461. You can expect to pay 1.7% less for groceries, 7.2% more for utilities, and 3.3% more for transportation.
How does Terre Haute, IN compare to other nearby cities and neighborhoods?
Use the tool below to compare Terre Haute, IN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Apartment communities in Terre Haute we think you'll love
Property Management Companies in Terre Haute, IN
Monarch Investment and Management Group
-
316
Communities
-
77,332
Units
-
143
Cities
3 Communities in Terre Haute
PRE/3
-
182
Communities
-
14,350
Units
-
117
Cities
1 Community in Terre Haute
The Michaels Organization
-
73
Communities
-
12,187
Units
-
61
Cities
1 Community in Terre Haute
Carter-Haston
-
53
Communities
-
15,108
Units
-
36
Cities
1 Community in Terre Haute
Buckingham Companies
-
37
Communities
-
11,110
Units
-
22
Cities
1 Community in Terre Haute
The Annex Group
-
21
Communities
-
3,069
Units
-
20
Cities
1 Community in Terre Haute
Herron Property Management
-
15
Communities
-
2,232
Units
-
13
Cities
1 Community in Terre Haute
Responsive Asset Management
-
16
Communities
-
999
Units
-
9
Cities
1 Community in Terre Haute
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.
* Percentages may not total 100 due to rounding.