
Cheap Apartments for Rent in Evansville, IL from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Evansville.


Bradford Place & Ansley Oaks Apartments

Heisel Apartments & Townhouses

24 North Rentals

Willow Park Apartments
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.

215 anderson lane A

Bouse Apartment Homes

The Port Apartments

Meadows at Shadow Ridge

202 S Bess Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

101 Scenic Ln

2410 Zeus Pl

10 Yorkshire Ln

25 S 15th St

122 N Michigan Ave
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

219 N 48th St

1810 Jamestown Rd

303 Southgate Dr

517 N Illinois St
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

21 Gundlach Pl
Evansville, IL Local Guide

How much does it cost to rent an apartment in Evansville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Evansville Studio Apartments | $605 | $575 | $635 |
Evansville 1 Bedroom Apartments | $1,269 | $200 | $2,042 |
Evansville 2 Bedroom Apartments | $1,413 | $740 | $2,235 |
Evansville 3 Bedroom Apartments | $2,032 | $1,300 | $2,808 |
Browse Top Apartments in Evansville
See all Apartments in EvansvilleExplore Evansville
Evansville, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Evansville Apartments for Rent and Nearby
 The cheapest available apartment rental in Evansville, IL is a Studio unit found at Perryville Senior Apartments priced from $575. 24 North Rentals has the second lowest priced unit, which is a 1 Bed apartment currently listed from $725. Here is today’s list of the most affordable Evansville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Perryville Senior Apartments | Efficiency | Studio,1BA | $575 |
24 North Rentals | 1 Bedroom Apartment- Miller Apartments | 1BR,1BA | $725 |
Heisel Apartments & Townhouses | 1BR Apartments | 1BR,1BA | $725 |
215 anderson lane A | 1 BR / 1 BA | 1BR,1BA | $825 |
Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $845 |
Best Value Apartments for Rent in Evansville, IL and Nearby
As of June 07, 2025 the best value apartment in the Evansville area is the $1.13 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Timberbrook neighborhood starting from $1,410. The second greatest value Evansville apartment is the 2BR/1.5BA Model at Reside Here Apartments & Rentals starting at $1,250 with a $1.14 price per square foot in the Willow Walk neighborhood. Here is today’s list of the best values for Evansville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Storyboard on Hayden | Hayden B1 | 2BR,2.5BA | $1.13 |
Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.14 |
Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
215 anderson lane A | 2 BR / 1 BA | 2BR,1BA | $1.07 |
Storyboard on Rockwood | Rockwood B2 | 2BR,1.5BA | $1.29 |
Townhomes on Luan Drive | 2BR | 2BR,1.5BA | $1.35 |
Storyboard on Wisteria | Wisteria B1 | 2BR,1BA | $1.34 |
Black Forest Apartments | Two Bedroom | 2BR,1BA | $1.18 |
Heisel Apartments & Townhouses | 1BR Apartments | 1BR,1BA | $1.12 |
Bouse Apartment Homes | 1 Bedroom 1 Bath | 1BR,1BA | $1.36 |
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Evansville, IL Rentals by Map
See the most popular apartments and homes in Evansville, IL
Getting Around Evansville, IL
Walk Score®
31 / 100
Car-Dependent
Most errands require a car
Bike Score®
25 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Evansville Apartments
How much is rent for a Cheap One Bedroom Evansville Apartment?
The lowest price for a Cheap One Bedroom Evansville Apartment is $712 at Perryville Senior 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 $825 at 24 North Rentals.
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.