Cheap Apartments for Rent in Evansville, IN from $300 (65 Rentals)

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Search the lowest-cost Apartments available for rent right now in Evansville.

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property at 101 SE 2nd St

101 SE 2nd St

EvansvilleIN47708
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Dalehaven Estates
2 to 4 Bedroom Apartments

Dalehaven Estates

3700 Justus CtEvansville, IN 47714
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1430 Parrett St
1 to 2 Bedroom Apartments

1430 Parrett St

1430 Parrett StEvansville, IN 47713
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Boeke Place
1 Bedroom Apartments

Boeke Place

1401 S Boeke RdEvansville, IN 47714
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OrchardGate
1 to 2 Bedroom Apartments

OrchardGate

401 Applewood CtEvansville, IN 47712
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None
1 Bedroom Apartments

None

3901 Bellemeade AveEvansville, IN 47714
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Westbriar Apartments
1 Bedroom Apartments

Westbriar Apartments

2300 W Iowa StEvansville, IN 47712
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Normandy Arms
1 to 2 Bedroom Apartments

Normandy Arms

600 Normandy DrEvansville, IN 47715
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Fairmont Apartments
1 to 2 Bedroom Apartments

Fairmont Apartments

4982-4984 Tippecanoe DrEvansville, IN 47715
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Westwood Apartments
1 Bedroom Apartments

Westwood Apartments

798 Douglas DrEvansville, IN 47712
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1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
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The Grove
1 to 2 Bedroom Apartments

The Grove

1105 SE First StEvansville, IN 47713
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Evansville, IN Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 04/29/2025

Current apartment rentals in the Evansville, IN area range in price from $541 to $4,399 with an overall median price of $1,660. The three Evansville neighborhoods with the lowest median rent pricing are Jeannette at $541, Hoosier Cullen at $541, and Lant Manor at $541. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Jeannette$1,140$54146
Hoosier Cullen$1,455$54186
Lant Manor$1,455$54181
Rolling Greens$1,455$54186
Fielding Court$1,500$54196
Iroquois Gardens$1,500$54192
Oakhill$1,500$62586
East Evansville$1,547$541149
Outer East$1,547$541129
ACT$1,595$54170

Cheapest Available Evansville Apartments for Rent

 

The cheapest available apartment rental in Evansville, IN is a Studio unit found at Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $610. Shady Tree Apartments in the Cedar Hall neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$610
Shady Tree ApartmentsThe Elm1BR,1BA$695
SPRING VALLEY FLATSCastlewood 1 Bedroom1BR,1BA$695
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Foxfire West Apartments1 Bedroom 1 Bath1BR,1BA$765
Devonshire Gardens I & IIII 1 Bed 1 Bath B1BR,1BA$775
Bryce De MorayB-1 Bedroom1BR,1BA$825

Best Value Apartments for Rent in Evansville, IN

As of April 30, 2025 the best value apartment in the Evansville area is the $1.11 price per square foot Madison Model at Warrick Trail Apartments in the in the East Evansville neighborhood starting from $1,460. The second greatest value Evansville apartment is the 4x2 Single Bed Furnished Model at Eagle Village Student Housing starting at $600 with a $0.50 price per square foot in the Evansville West Side neighborhood. Here is today’s list of the best values for Evansville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Warrick Trail ApartmentsMadison2BR,2BA$1.11
Eagle Village Student Housing4x2 Single Bed Furnished4BR,2BA$0.50
The Forge on MainTwo Bedroom A2BR,2BA$0.77
Sunset Tower2BR/2.0BA2BR,2BA$1.14
1635 S Green River Rd, Unit 16351635 S Green River Rd1BR,1BA$0.63
Indian WoodsThe Oak2BR,1BA$1.10
Bryce De MorayB-1 Bedroom1BR,1BA$0.97
Naveen Pine Apartments2 Bed 1 Bath2BR,1BA$1.12
Mission Viejo VillasB- Barcelona1BR,1BA$1.07
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.13

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Evansville Overview

Evansville, Indiana is one of the most unique and culturally diverse cities on the map. Located along the Ohio River, this port town is a commercial and cultural hub, serving neighboring states for over 80 years. Boasting a population of just under 120,000 people, Evansville has everything a large city could offer, without losing that small town feel. Plenty of options in affordable Evansville apartments available to locals makes this a popular midwest destination.

Why live in Evansville, IN?

Whether you’re in the mood for jazz, rock, hip-hop, or news/talk, there is always something on the airwaves to please your ears. Courier & Press, part of the USA Today network, is the official newspaper and is always there to serve your local and national news needs.

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Evansville, IN Rentals by Map

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Getting Around Evansville, IN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Evansville Apartments

What is a cheap apartment in Evansville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Evansville is under $825.

What is the price of a cheap apartment in Evansville?

The cheapest apartment in Evansville is Shady Tree Apartments which is listed at $695, while the average apartment in Evansville costs $1,660.

What types of apartments are the cheapest in Evansville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 354 regular apartments in Evansville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Evansville?

Cheap apartments in Evansville have an average cost of $329 which is $1,331 cheaper than the average rent for all rentals in Evansville.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.