Apartments Under $500 in Terre Haute, IN

  1. Home
  2. Terre Haute Apartments
  3. Apartments Under $500

Get your search on...
Apartments Under $500 in Terre Haute, IN

Search and browse 479 apartments under $500 available for rent in Terre Haute, IN. With apartments that span the entire city, you will find an apartment in Terre Haute for just the right price. During your search, sort your favorite apartments under $500 by one of our listed amenities — covered parking, in-unit washer and dryer, a rooftop pool, a modern fitness center, an updated kitchen, energy efficient appliances, smart technology, online leasing, payments, and more. Want to tour a property? Schedule a tour online and you’ll be moving in to your new Terre Haute apartment before you know it.

Terre Haute:
May Rent Report

Welcome to the May 2020 Terre Haute Apartment Report. In this assessment of the local rental market, ABODO data scientists and rental experts break down the May 2020 key findings and figures for the Terre Haute rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Terre Haute and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Terre Haute rent prices in the chart below.

Monthly Rent Report

Terre Haute Rent Prices Decrease From April to May

Terre Haute rent prices decreased over the last month. From April to May, the city experienced a -8.17% decrease for the price of a one-bedroom apartment. The rent price for a Terre Haute one-bedroom apartments currently stands at $517.0.

When we take a look at the two-bedroom comparison from April to May, Terre Haute experienced a -9.19% decrease for the price of a two-bedroom apartment. The rent price for a Terre Haute two-bedroom apartments currently stands at $810.0.

May Prices: Terre Haute vs. Surrounding Areas

Rent Prices in Terre Haute and Surrounding Areas

Rent prices have decreased in Terre Haute over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Terre Haute suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Terre Haute suburbs

  • Rents did not decrease in any of the Terre Haute suburbs.

May 2020 Pricing Trends: Terre Haute vs. National Comparisons

Terre Haute Rent Prices More Affordable Than Major Cities

Rent growth in Terre Haute over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Terre Haute rent prices appear to be relatively affordable for local residents.

The price for a Terre Haute one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

You can view the full rundown of ABODO's May 2020 National Apartment Report and data set here.

For more information about Terre Haute and surrounding area rent prices, take a look at the complete data set below.

Data set for Terre Haute and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change
Terre Haute, IN $563.0 -11.48% $892.0 -3.67%

Methodology

Each month, using over 1 million ABODO listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.