Cheap Homes for Rent in Evansville, IN from $500 (17 Rentals)

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property at 1330 SE 2nd St

1330 SE 2nd St

EvansvilleIN47713
Showing Results 1-17, Page 1 of 1

Evansville, IN Local Guide

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 03/22/2025

Current apartment rentals in the Evansville, IN area range in price from $541 to $4,399 with an overall median price of $1,551. The three Evansville neighborhoods with the lowest median rent pricing are Jeannette at $541, ACT at $541, and Presidents 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$1,157$5412803
ACT$1,167$5415416
Presidents$1,185$5415385
Eastview$1,219$5414738
University South$1,219$6104345
Lorraine Park$1,234$5415899
Dexter$1,250$5416180
Gum Bayard Park Chandler$1,250$5416445
Kathleen Jeannette$1,250$5414152
Ross Center$1,250$5416596

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. Heathmoore - Evansville in the Lant Manor neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$610
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Lakewood Flats and Townhomes1 Bedroom Deluxe1BR,1BA$710
SPRING VALLEY FLATSThe Flowering Redbud1BR,1BA$725
Princeton Court1 Bed 1 Bath1BR,1BA$730

Best Value Apartments for Rent in Evansville, IN

As of March 22, 2025 the best value apartment in the Evansville area is the $0.97 price per square foot 12 Park Pl Model at 12 Park Pl, Unit A in the in the ACT neighborhood starting from $1,650. 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.
12 Park Pl, Unit A12 Park Pl2BR,2BA$0.97
Eagle Village Student Housing4x2 Single Bed Furnished4BR,2BA$0.50
Liv at Locust CreekLuxury Dresden2BR,1.5BA$1.04
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.07
Indian WoodsThe Oak2BR,1BA$1.05
North ParkBerkshire2BR,1.5BA$1.05
Colonial Manor Apartments2x1 R2BR,1BA$1.05
Bryce De MorayB-1 Bedroom1BR,1BA$0.97
Shannon GlennMcConnell2BR,1BA$1.12
Lakewood Flats and Townhomes1 Bedroom Deluxe1BR,1BA$0.90

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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 313 Apartments for Rent in Evansville, IN with pricing that ranges from $541 to $4,399. There are also 66 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $525 to $3,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Evansville ranges from $525 to $3,500 with an average monthly rent of $1,244.

How much are larger Three and Four Bedroom Rentals in Evansville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Evansville range from $793 to $2,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $775 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,500.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.