Average Rent in Terre Haute, IN↑ Rents rising 3.2% YoY

Terre Haute, IN has rental prices ranging from $783/month to $1,393/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $788/month — 44% below the national average of $1,400/month. With a median household income of $55,380/year, spending $788/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Terre Haute Compares

With an average 2-bedroom rent of $995/month, Terre Haute ranks #25 most expensive of the 77 cities tracked in Indiana — pricier than 64% of all US cities in our data.

The Terre Haute Rental Market

The Terre Haute, IN area has a population of about 168,850 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Terre Haute, IN have risen by $31/month (3.2%) over the past year, from $964 to $995. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Terre Haute, IN without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $31,520. The local median household income of $55,380 exceeds that threshold by $23,860, making Terre Haute relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Terre Haute, IN is $160,060, giving a price-to-rent ratio of 13.4. The break-even point between renting and buying is roughly 13 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

Is Terre Haute, IN Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Terre Haute?

Break-even analysis and mortgage estimates based on local market data.

Living in Terre Haute

Cost of living, job market, crime rates, and moving cost estimates.