
Cheap Apartments for Rent in Evansville, IL from $400 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in Evansville.


Bradford Place & Ansley Oaks Apartments

Heisel Apartments & Townhouses

24 North Rentals

Brookside Apartments

Willow Park Apartments
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.

117 S 11th St

221 N High St

219 N High St

213 E Garfield St
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.
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 | $592 | $575 | $610 |
| Evansville 1 Bedroom Apartments | $1,133 | $200 | $1,750 |
| Evansville 2 Bedroom Apartments | $1,467 | $740 | $1,995 |
| Evansville 3 Bedroom Apartments | $1,687 | $1,300 | $1,950 |
Browse Top Apartments in Evansville
See all Apartments in EvansvilleExplore Evansville
Evansville, IL Local Guide
- Nearby Cities
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Trolley Circle | One Bedroom | 1BR,1BA | $414 |
| 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 |
| Brookside Apartments | 1 Bedroom Main Street | 1BR,1BA | $730 |
Best Value Apartments for Rent in Evansville, IL and Nearby
As of December 07, 2025 the best value apartment in the Evansville area is the $1.16 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Metro East neighborhood starting from $1,450. The second greatest value Evansville apartment is the Wisteria B3 Model at Storyboard on Wisteria starting at $1,495 with a $1.20 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 | $1.16 |
| Storyboard on Wisteria | Wisteria B3 | 2BR,2BA | $1.20 |
| Linwood Apartments | Two Bed One Bath | 2BR,1BA | $0.91 |
| Reside Here Apartments & Rentals | 2BR/1.5BA | 2BR,1.5BA | $1.18 |
| Shadow Ridge Apartments | 2 Bed Townhome | 2BR,1.5BA | $1.18 |
| Storyboard on Rockwood | Rockwood B2 | 2BR,1.5BA | $1.29 |
| Lakewood Apartments | 2A | 2BR,2BA | $1.24 |
| Southfield Apartments | 1 BR/ 1 BA | 1BR,1BA | $1.18 |
| Trolley Circle | One Bedroom | 1BR,1BA | $0.60 |
| Heisel Apartments & Townhouses | 1BR Apartments | 1BR,1BA | $1.12 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleQuick 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 $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.
What is the most affordable Evansville Three Bedroom Apartment?
The best deal on a cheap Evansville Three Bedroom Apartment rental is at Lakewood Apartments and starts from $1,375.
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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.



