Cheap Apartments for Rent near Evansville, AR from $499 (53 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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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

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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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

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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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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
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Washington Ave
1 Bedroom Apartments

Washington Ave

310 S Washington AveFayetteville, AR 72701
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Taylor Street Towers
1 to 2 Bedroom Apartments

Taylor Street Towers

722-758 W Taylor StFayetteville, AR 72701
Student Housing

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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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

1777 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

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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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 Rena Valley Apartments in the Crawford County neighborhood priced from $700. Pierce Properties in the Heritage East neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $725. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rena Valley Apartments1 Bedroom 1 Bath1BR,1BA$700
Pierce PropertiesCampus Studio Small, Large Option 1, 2, or 3Studio,1BA$725
Cedar Creek Village Apartments and Townhomes2 Bed / 1 Bath2BR,1BA$740
Southern View I/II1 Bedroom 1 Bath1BR,1BA$835
Garden Park ApartmentsOrchid1BR,1BA$890
Moonlight Cottages, Duplex and TownhomesLewis Townhomes2BR,1BA$895
Wedington Place Senior Apartments1 Bed 1 Bath1BR,1BA$900
The Links at FayettevilleClassic Deluxe II1BR,1BA$920
The Greens at FayettevilleClassic Deluxe IV & Classic Deluxe II1BR,1BA$940
Sofay LoftsThe Emerald - Classic One Bedroom Apartment Home1BR,1BA$950

Best Value Apartments for Rent in Evansville, AR and Nearby

As of August 24, 2026 the best value apartment in the Evansville area is the $0.96 price per square foot 4/3 Unfurnished Townhome Model at The Row @ Arkansas in the in the Fayetteville Center neighborhood starting from $1,900. The second greatest value Evansville apartment is the Finley - 4x4.5 Model at The Retreat at Fayetteville starting at $1,145 with a $0.61 price per square foot in the Heritage East 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 @ Arkansas4/3 Unfurnished Townhome4BR,3BA$0.96
The Retreat at FayettevilleFinley - 4x4.54BR,4.5BA$0.61
The Landing FayettevilleB1 ST - 2x22BR,2BA$0.72
Champions Club | Student Housing2 Bedroom2BR,2BA$0.67
Mitchell YardsTwo Bedroom2BR,2.5BA$0.77
The Vue on Stadium Drive Fayetteville2 BEDROOM, 2 BATH2BR,2BA$0.87
Greenleaf TownhomesBetty Jo Renovated Unit2BR,1.5BA$1.03
Riverview Condominiums at Park Ridge2 Bedroom2BR,2BA$1.00
Alight Fayetteville2 BEDROOM, 2 BATH2BR,2BA$0.86
Hill PlaceB1 Premium2BR,2BA$0.93

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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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 $700 at Rena Valley Apartments.

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 Washington Plaza Apartments and starts from $1,127.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.