Cheap Homes for Rent in Evansville, IN from $500 (13 Rentals)

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property at 1330 SE 2nd St

1330 SE 2nd St

EvansvilleIN47713

Evansville, IN Local Guide

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 04/12/2025

Current apartment rentals in the Evansville, IN area range in price from $575 to $3,500 with an overall median price of $1,398. The three Evansville neighborhoods with the lowest median rent pricing are Jeannette at $725, Lincoln Park at $645, and Garvinwood at $600. 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$810$7252
Lincoln Park$1,000$64515
Garvinwood$1,050$60020
Lincoln-Bellemeade$1,050$60018
Rosedale South$1,050$60020
University South$1,050$60018
Evansville West Side$1,125$1,0002
ACT$1,150$60016
Dexter$1,150$72512
Eastview$1,150$72511

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 FLATSThe Dogwood1BR,1BA$695
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$700

Best Value Apartments for Rent in Evansville, IN

As of April 13, 2025 the best value apartment in the 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 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.
Apartments@412BR/2.0BA2BR,2BA$1.09
Eagle Village Student Housing4x2 Single Bed Furnished4BR,2BA$0.50
The Forge on MainTwo Bedroom A2BR,2BA$0.77
1635 S Green River Rd, Unit 16351635 S Green River Rd1BR,1BA$0.63
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.10
Indian WoodsThe Oak2BR,1BA$1.10
North ParkBerkshire2BR,1.5BA$1.05
Bryce De MorayB-1 Bedroom1BR,1BA$0.97
Naveen Pine Apartments2 Bed 1 Bath2BR,1BA$1.12
Copper Creek TownhomesA-1 Bedroom Ranch1BR,1BA$1.13

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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 305 Apartments for Rent in Evansville, IN with pricing that ranges from $541 to $4,399. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $575 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 $575 to $3,500 with an average monthly rent of $1,241.

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 $2,457, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $2,100. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $925.

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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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.