Cheap Homes for Rent in Ballard Neighborhood of Evansville, IN from $500 (12 Rentals)

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Search the lowest-cost Homes available for rent right now in the Ballard area of Evansville.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 1330 SE 2nd St

1330 SE 2nd St

EvansvilleIN47713

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Ballard, Evansville, IN Local Guide

Cheapest Available Ballard Apartments for Rent

 

The cheapest available apartment rental in the Ballard area of Evansville, IN is a Studio unit found at Embassy Apartments priced from $610. SPRING VALLEY FLATS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Ballard apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$610
SPRING VALLEY FLATSThe Dogwood1BR,1BA$695
Village GreenChestnut Premium1BR,1BA$845
The Forge on MainTwo Bedroom A2BR,2BA$900
The Manning2 Bedroom 1 Bathroom2BR,1BA$999

Best Value Apartments for Rent in Ballard, IN

As of May 16, 2025 the best value apartment in the Ballard area is the $0.77 price per square foot Two Bedroom A Model at The Forge on Main in the in the Lincoln-Bellemeade neighborhood starting from $900. The second greatest value Ballard apartment is the 2BR/2.0BA Model at Sunset Tower starting at $1,200 with a $1.14 price per square foot in the ACT neighborhood. Here is today’s list of the best values for Ballard apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Forge on MainTwo Bedroom A2BR,2BA$0.77
Sunset Tower2BR/2.0BA2BR,2BA$1.14
Apartments@411BR/1.0BA1BR,1BA$1.27
Post HouseDowntown Loft 1.1A1BR,1BA$2.55
The Manning2 Bedroom 1 Bathroom2BR,1BA$1.30
Central LoftsFF2BR,1BA$1.50
Village GreenChestnut Premium1BR,1BA$1.24
INMKS Market Street Apartments1BR/1.0BA1BR,1BA$1.92
SPRING VALLEY FLATSCastlewood 1 Bedroom1BR,1BA$1.39
Embassy Apartments0.1Studio ,1BA$1.45

Quick Rent Budget Calculator

How much rent can you afford?

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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Frequently Asked Questions about Ballard

What type of rentals are currently available in Ballard?

There are currently 200 Apartments for Rent in Ballard, IN with pricing that ranges from $550 to $2,514. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ballard ranging from $525 to $2,200.

What is the current price range for Rental Homes in Ballard?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Ballard ranges from $525 to $2,200 with an average monthly rent of $1,315.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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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.