Cheap Apartments for Rent near Evansville, AR from $500 (52 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Greenleaf Townhomes
$1,025 - $1,100
Total Monthly Price

Total Monthly Price

Base Rent
$1,025 - $1,100
Total Monthly Price
$1,025 - $1,100
2 Bedroom Apartments Available Now

Greenleaf Townhomes

1028 N Betty Jo DrFayetteville, AR 72701
Student Housing
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Razz on Berry
Rent Specials
$1,100 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,850
Total Monthly Price
$1,100 - $1,850
1 to 2 Bedroom Apartments Available Now

Razz on Berry

904 N Garland AveFayetteville, AR 72701
Student Housing
  • Verified
  • 3D Tour

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Modern 1540
$1,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500
2 Bedroom Apartments Available Now

Modern 1540

1540 W Nettleship StFayetteville, AR 72701
Student Housing
  • Verified
  • Utilities Included
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Aspen Heights Fayetteville
2 to 4 Bedroom Apartments

Aspen Heights Fayetteville

1855 W Arvada LoopFayetteville, AR 72701
Student Housing
  • Utilities Included
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Hillside Townhomes
2 Bedroom Apartments

Hillside Townhomes

713 N 7th StVan Buren, AR 72956
  • Utilities Included
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Taylor Street Towers
1 to 2 Bedroom Apartments

Taylor Street Towers

722-758 W Taylor StFayetteville, AR 72701
Student Housing
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The Avenue
1 to 4 Bedroom Apartments

The Avenue

3001 W Wedington DrFayetteville, AR 72701
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The Nest
1 Bedroom Apartments

The Nest

1000 S Futrall DrFayetteville, AR 72701
Student Housing
  • Utilities Included

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Washington Ave
1 Bedroom Apartments

Washington Ave

310 S Washington AveFayetteville, AR 72701
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Mountain Ranch
1 to 3 Bedroom Apartments

Mountain Ranch

549 N Coral Canyon LoopFayetteville, AR 72704
Corporate Housing
  • Utilities Included
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Willow Park Apartments
2 Bedroom Apartments

Willow Park Apartments

1733 W Preservation DrFayetteville, AR 72703
Student Housing
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Stonebriar Court
2 to 3 Bedroom Apartments

Stonebriar Court

140 Rena RdVan Buren, AR 72956
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AMPM LLC
1 Bedroom Apartments

AMPM LLC

495 W Prairie StFayetteville, AR 72701

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 2

Evansville, AR Local Guide

Cheapest Available Evansville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Evansville, AR is a 1 Bed unit found at Cedar Creek Village Apartments and Townhomes in the Crawford County neighborhood priced from $675. Rena Valley Apartments in the Crawford County neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $724. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Creek Village Apartments and Townhomes1 Bed / 1 Bath1BR,1BA$675
Rena Valley Apartments1 Bedroom 1 Bath1BR,1BA$724
Pierce PropertiesCampus Studio Small, Large Option 1, 2, or 3Studio,1BA$725
Aspen Heights Fayetteville4 Bedroom - Boulder B4BR,4BA$725
Southern View I/IIClassic Deluxe II1BR,1BA$865
Moonlight Cottages, Duplex and TownhomesLewis Townhomes2BR,1BA$895
Taylor Street TowersTwo bed/One bath-Orginal2BR,1BA$895
Wedington Place Senior Apartments1 Bed 1 Bath1BR,1BA$900
Washington Plaza Apartments2 x 12BR,1BA$910
The Links at FayettevilleClassic Deluxe II1BR,1BA$920

Best Value Apartments for Rent in Evansville, AR and Nearby

As of July 09, 2026 the best value apartment in the Evansville area is the $0.29 price per square foot Furnished Per Bed Lease Rate Model at The Row @ Arkansas in the in the Fayetteville Center neighborhood starting from $575. The second greatest value Evansville apartment is the D1 - 4x4 Model at College Town Fayetteville starting at $915 with a $0.59 price per square foot in the Fayetteville Center 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.
The Row @ ArkansasFurnished Per Bed Lease Rate4BR,3BA$0.29
College Town FayettevilleD1 - 4x44BR,4BA$0.59
Champions Club | Student Housing3 Bedroom3BR,3BA$0.61
The Landing FayettevilleB1 UP - 2x22BR,2BA$0.66
Riverview Condominiums at Park Ridge3 Bedroom3BR,2BA$0.95
Mitchell YardsTwo Bedroom2BR,2.5BA$0.86
The Vue on Stadium Drive Fayetteville2 BEDROOM, 2 BATH2BR,2BA$0.87
Porter Place Townhomes2BR/1.5BA Upgrade2BR,1.5BA$1.08
Alight Fayetteville2 BEDROOM, 2 BATH2BR,2BA$0.86
Washington Plaza Apartments2 x 12BR,1BA$1.10

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

Explore Evansville, AR Rentals by Map

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Frequently Asked Questions about Cheap Evansville Apartments

What is the Cheapest Studio apartment in Evansville?

Currently the most affordable Cheap Studio Apartment in Evansville is at Pierce Properties listed at $725.

How much is rent for a Cheap One Bedroom Evansville Apartment?

The lowest price for a Cheap One Bedroom Evansville Apartment is $675 at Cedar Creek Village Apartments and Townhomes.

What is the lowest price for a Cheap Two Bedroom Evansville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Evansville is starting from $740 at Cedar Creek Village Apartments and Townhomes.

What is the most affordable Evansville Three Bedroom Apartment?

The best deal on a cheap Evansville Three Bedroom Apartment rental is at Aspen Heights Fayetteville and starts from $899.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.