Terra Haute is a mid-sized city in Indiana that is by every definition of the term, a "college town." Although the town only has a population of 60,000 people, there are five institutes of higher education within the town. The largest of these is Indiana State University, which has in the neighborhood of 12,000 enrolled. For a small city, Terre Haute has a remarkably diverse economy. One thing the small city has done amazingly well is to keep the manufacturing industry alive and well, when so many smaller American cities have lost their manufacturing sectors to overseas providers. The construction of the Vigo Country Industrial Park helped ensure a vibrant manufacturing industry in the city. In addition the local universities and colleges, and companies like Advics, Sony, and GE are also significant local employers.
Terra Haute typically has a supply that exceeds the demand when it comes to rental suites. This doesn't meant that it will always be smooth sailing, but it does mean that there is no real bad time to start an apartment search. As long as you take about two months to look for a place, you should be able to find the right fit.
Finding an apartment can be hard, especially when there are so many choices. With our filters, you can narrow your search by price, floorplan, and amenities. Looking for an apartment building with a fitness center, swimming pool, and easy access to a dog park? We've got you covered.
Affordable apartments in Terre Haute mean that your references and your character are going to be more important than credit or income verification. Make sure you've got good references. Ideally, at least one should be a past landlord and one should be a work reference. If you don't have those, a teacher or a professor can make a good reference as well.
The locals of Terre Haute seem to agree that while the bus system is constantly improving, the best way to get around is still by car. Currently, there is no bus on Sundays and the routes shut down by 6 PM. If planned expansions to serve entertainment oriented areas and the Universities with later hours go through, the bus may become the dominant mode of transportation.
If you enjoy the standard mall shopping experience, then the Honey Creek Mall should be right up your alley. If you prefer local cuisines to chain restaurants, try the Taj Mahal for some authentic Indian food, or Sushi Umi for fantastic sushi. For good music on the weekends, head to the Fourth Quarter, and for the best beer selection in town you can't beat M. Moggers.
Welcome to the July 2021 Terre Haute Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the July 2021 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 average rent prices in the chart below.
Terre Haute rent prices increased over the last month. From June to July, the city experienced a 8.67% increase for the price of a one-bedroom apartment. The rent price for a Terre Haute one-bedroom apartments currently stands at $664.0.
When we take a look at the two-bedroom comparison from June to July, Terre Haute experienced a 15.29% increase for the price of a two-bedroom apartment. The rent price for a Terre Haute two-bedroom apartments currently stands at $1,146.0.
Rent prices have increased 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.
Rent growth in Terre Haute over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Terre Haute average 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 Rentable's July 2021 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.
|1 BR July||1 BR M/M % Change||2 BR July||2 BR M/M % Change|
|Terre Haute, IN||$611.0||-4.53%||$994.0||6.65%|
Each month, using over 1 million Rentable 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.