Cheap Homes for Rent near Evansville, IL from $400 (10 Rentals)

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Search the lowest-cost Homes 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.

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.

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. Williamsburg Apartments in the Belleville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Perryville Senior ApartmentsEfficiencyStudio,1BA$575
Williamsburg Apartments1 bedroom1BR,1BA$800
24 North Rentals1 Bedroom Apartment- Miller Apartments1BR,1BA$800

Best Value Apartments for Rent in Evansville, IL and Nearby

As of August 02, 2026 the best value apartment in the Evansville area is the $1.09 price per square foot 2BR/1.5BA Model at Reside Here Apartments & Rentals in the in the Belleville neighborhood starting from $1,195. The second greatest value Evansville apartment is the Two Bed One Bath Model at Linwood Apartments starting at $1,000 with a $0.91 price per square foot in the Belleville 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.
Reside Here Apartments & Rentals2BR/1.5BA2BR,1.5BA$1.09
Linwood ApartmentsTwo Bed One Bath2BR,1BA$0.91
Storyboard on Lake ChristineLake Christine B12BR,1BA$1.16
Falcon Place Townhomes2BR/1.5BA2BR,1.5BA$1.40
Lakewood Apartments2A2BR,2BA$1.24
Southfield Apartments2Bd/1Ba2BR,1BA$1.06
Ben Louis Apartments2 Bedrooms 1 Bathroom2BR,1BA$1.12
Heisel Apartments & Townhouses1BR Apartments1BR,1BA$1.24
Williamsburg Apartments1 bedroom1BR,1BA$1.26
Bouse Apartment Homes1 Bedroom 1 Bath1BR,1BA$1.36

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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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 51 Apartments for Rent in Evansville, IL with pricing that ranges from $200 to $2,178. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $499 to $2,995.

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 $499 to $2,995 with an average monthly rent of $1,601.

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.