Cheap Apartments for Rent in Evansville, IL from $400 (14 Rentals)

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

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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Pevely Pointe
1 to 3 Bedroom Apartments

Pevely Pointe

1001 Pevely Pointe DrPevely, MO 63070
  • Utilities Included

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.

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Evansville, IL Local Guide

Cheapest Available Evansville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Evansville, IL is a 1 Bed unit found at Trolley Circle in the East Saint Louis neighborhood priced from $414. Perryville Senior Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $575. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Trolley CircleOne Bedroom1BR,1BA$414
Perryville Senior ApartmentsEfficiencyStudio,1BA$575
24 North Rentals1 Bedroom Apartment- Miller Apartments1BR,1BA$725
Heisel Apartments & Townhouses1BR Apartments1BR,1BA$725
215 anderson lane A1 BR / 1 BA1BR,1BA$825

Best Value Apartments for Rent in Evansville, IL and Nearby

As of July 23, 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 Metro East neighborhood starting from $1,410. The second greatest value Evansville apartment is the Wisteria B3 Model at Storyboard on Wisteria starting at $1,599 with a $1.28 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Storyboard on HaydenHayden B12BR,2.5BA$1.13
Storyboard on WisteriaWisteria B32BR,2BA$1.28
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.14
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
Townhomes on Luan Drive2BR2BR,1.5BA$1.35
215 anderson lane A2 BR / 1 BA2BR,1BA$1.07
Lakewood Apartments2A2BR,2BA$1.24
Storyboard on RockwoodRockwood A11BR,1BA$1.16
Trolley CircleOne Bedroom1BR,1BA$0.60
Heisel Apartments & Townhouses1BR Apartments1BR,1BA$1.12

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

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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 $414 at Trolley Circle.

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 $481 at Trolley Circle.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.

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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.