Center City Apartments
640 Wabash Ave,
Terre Haute, IN 47807
1-2 Beds | $800 - $1,400
Rental Market Trends in Terre Haute, IN
Updated July 2026
The average rent in Terre Haute, IN is $952/month.
Rent in Terre Haute is 43% lower than the national average rent of $1,663/month, making this one of the less expensive cities statewide.
$952/month
Average Rent
650 Sq Ft
Average Size
+1.4%
Change / Year
336
Available Apartments
Terre Haute rent varies by unit size and layout:
- Studio apartments in Terre Haute average $734 per month.
- One-bedroom apartments in Terre Haute average $952 per month.
- Two-bedroom apartments in Terre Haute average $1,110 per month.
- Three-bedroom apartments in Terre Haute average $1,480 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Terre Haute, IN?
In the past year, rent has increased by 1.4%, which averages out to $13 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Terre Haute, IN
July 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
15%
Below $700/month
48%
$700 - $1,000/month
33%
$1,001 - $1,500/month
4%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Terre Haute?
Based on current rent prices, Downtown Terre Haute and Villages of Cobblestone" 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, Villages of Cobblestone and Downtown Terre Haute" 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 and Villages of Cobblestone" .
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 $952, you’ll want to make about $3,173 per month or $38,076 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 5.0% lower than the national average. Generally, housing in Terre Haute is 23.1% less expensive than the national average, with rent falling between $734 - $1,480. You can expect to pay 1.7% less for groceries, 5.4% more for utilities, and 3.4% 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
$507/month
-
One Bedroom
$867/month
-
Two Bedroom
$920/month
-
Three Bedroom
$1,448/month
-
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Frequently Asked Questions
What is the average rent in Terre Haute?
The average rent in Terre Haute is $952 per month, which is 42.8% lower than the national average of $1,663.
What is the average rent for a house in Terre Haute?
The average rent for a house in Terre Haute, IN is $1,144 per month.
What is the average rent for a condo in Terre Haute?
The average rent for a condo in Terre Haute, IN is $666 per month.
Are rents going up or down in Terre Haute?
Rents in Terre Haute, IN are increasing, with prices up 1.4% year-over-year and $13 more per month.
What rent range is most common in Terre Haute?
In Terre Haute, IN, 48% of apartments fall between $700 - $1,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.