Cheap Homes for Rent in Evansville, IL from $700 (11 Rentals)

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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.

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.

Evansville, IL Local Guide

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. Heisel Apartments & Townhouses 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 ListingModel NameBed/BathPriced From
Perryville Senior ApartmentsEfficiencyStudio,1BA$575
Heisel Apartments & Townhouses1BR Apartments1BR,1BA$725
Brookside Apartments1 Bedroom Main Street1BR,1BA$730
24 North Rentals1 Bedroom Apartment- Miller Apartments1BR,1BA$750
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$845

Best Value Apartments for Rent in Evansville, IL and Nearby

As of May 02, 2026 the best value apartment in the Evansville area is the $1.08 price per square foot Hayden B1 Model at Storyboard on Hayden in the in the Metro East neighborhood starting from $1,350. The second greatest value Evansville apartment is the 2BR/1.5BA Model at Reside Here Apartments & Rentals starting at $1,295 with a $1.18 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$1.08
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.18
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
The Oaks of Dutch Hollow5789 2 Bedroom 2 Bath2BR,2BA$1.21
Ben Louis Apartments2 Beds, 1 bath2BR,1BA$0.95
1400 Sangamon Dr2 Beds, 2 baths2BR,2BA$1.21
Lakewood Apartments2A2BR,2BA$1.24
54 Ben Louis Dr2 Beds, 1 bath2BR,1BA$1.22
Willow Park ApartmentsThe McConnell - Upgrade2BR,1BA$1.25
Heisel Apartments & Townhouses1BR Apartments1BR,1BA$1.12

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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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!

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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 50 Apartments for Rent in Evansville, IL with pricing that ranges from $200 to $2,033. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $700 to $3,200.

What is the current price range for Rental Homes in Evansville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Evansville ranges from $700 to $3,200 with an average monthly rent of $1,667.

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.