Cheap Apartments for Rent in the Downtown Evansville Neighborhood of Evansville, IN from $400 (26 Rentals)

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

property at 101 SE 2nd St

101 SE 2nd St

EvansvilleIN47708
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1430 Parrett St
1 to 2 Bedroom Apartments

1430 Parrett St

1430 Parrett StEvansville, IN 47713
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Westbriar Apartments
1 Bedroom Apartments

Westbriar Apartments

2300 W Iowa StEvansville, IN 47712
  • Utilities Included
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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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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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The Rathbone
1 to 2 Bedroom Apartments

The Rathbone

1320 SE 2nd StEvansville, IN 47713
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Wedgewood
2 Bedroom Apartments

Wedgewood

1127 Lincoln AveEvansville, IN 47714
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Kunkel Square
1 to 2 Bedroom Apartments

Kunkel Square

329 Main StEvansville, IN 47708
  • Utilities Included

Downtown Evansville, Evansville, IN Local Guide

Cheapest Available Downtown Evansville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Evansville area of Evansville, IN is a Studio unit found at The Forge on Main priced from $800. Woodbridge Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Downtown Evansville apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
The Forge on MainStudio AStudio,1BA$800
Woodbridge PlaceThe Dogwood1BR,1BA$900
Colonial Manor Apartments2x1 R2BR,1BA$907
Liv at Locust CreekHanover2BR,1BA$959
Market Street ApartmentsModern Studio ApartmentStudio,1BA$995
Central LoftsOO2BR,1BA$1,092
City Pointe2 Bedroom 1 Bath2BR,1BA$1,155
Sunset Tower2BR/2.0BA2BR,2BA$1,200
Apartments@412BR/2.0BA2BR,2BA$1,400
Retreat at Leisure LivingHaven WhiteStudio,1BA$1,750

Best Value Apartments for Rent in Downtown Evansville, IN

As of April 07, 2025 the best value apartment in the Downtown Evansville area is the $1.09 price per square foot 2BR/2.0BA Model at Apartments@41 in the in the Jacobsville neighborhood starting from $1,400. The second greatest value Downtown Evansville 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 Downtown Evansville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Apartments@412BR/2.0BA2BR,2BA$1.09
Sunset Tower2BR/2.0BA2BR,2BA$1.14
Liv at Locust CreekVienna2BR,2BA$1.24
City Pointe2 Bedroom 1 Bath2BR,1BA$1.28
Colonial Manor Apartments2x1 R2BR,1BA$1.05
Post HouseDowntown Loft 1.1A1BR,1BA$2.66
Central LoftsFF2BR,1BA$1.50
Woodbridge PlaceThe Dogwood1BR,1BA$1.29
The Forge on MainStudio AStudio ,1BA$1.40
Market Street ApartmentsModern Studio ApartmentStudio ,1BA$2.49

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Evansville, Evansville, IN

Ranked #34

Among neighborhoods in Evansville, IN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Downtown Evansville Neighborhood in Evansville, IN

Walk Score®

63 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Downtown Evansville Apartments

What is a cheap apartment in Downtown Evansville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Evansville is under $1,750.

What is the price of a cheap apartment in Downtown Evansville?

The cheapest apartment in Downtown Evansville is The Forge on Main which is listed at $832, while the average apartment in Downtown Evansville costs $1,809.

What types of apartments are the cheapest in Downtown 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 20 regular apartments in Downtown Evansville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.