Cheap Apartments for Rent in the ACT Neighborhood of Evansville, IN from $400 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the ACT area of 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.

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1430 Parrett St
1 to 2 Bedroom Apartments

1430 Parrett St

1430 Parrett StEvansville, IN 47713
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Boeke Place
1 Bedroom Apartments

Boeke Place

1401 S Boeke RdEvansville, IN 47714
  • Utilities Included

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.

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The Grove
1 to 2 Bedroom Apartments

The Grove

1105 SE First StEvansville, IN 47713
  • Utilities Included
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Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
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Kinway Apartments
1 to 3 Bedroom Apartments

Kinway Apartments

1952 Colts LnEvansville, IN 47714
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Wedgewood
2 Bedroom Apartments

Wedgewood

1127 Lincoln AveEvansville, IN 47714
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307 SE 2nd St
1 Bedroom Apartments

307 SE 2nd St

307 SE 2nd StEvansville, IN 47713

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.

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property at 924 SE 6th St

$800

1 Bedroom Rentals

Available Now

924 SE 6th St

EvansvilleIN47713
Showing Results 1-31, Page 1 of 1

ACT, Evansville, IN Local Guide

Cheapest Available ACT Apartments for Rent

 

The cheapest available apartment rental in the ACT area of Evansville, IN is a 1 Bed unit found at Embassy Apartments priced from $697. Wedgewood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $750. Here are the most affordable ACT apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments1.11BR,1BA$697
WedgewoodTwo Bedroom2BR,1BA$750
110 East Powell Avenue2BR/1.0BA2BR,1BA$795
The Manning1 Bedroom 1 Bathroom1BR,1BA$799
Coldwater Flats LLCThe Reservoir1BR,1BA$799
800 SE Second St1 Beds, 1 Baths1BR,1BA$825
Ross Center Village2BR/1.0BA2BR,1BA$895
Central LoftsJJ2BR,1BA$925
1330 SE Second St1 Beds, 1 Baths1BR,1BA$999
Northbend Townhomes2 Bedroom Townhome2BR,1BA$1,016

Best Value Apartments for Rent in ACT, IN

As of August 30, 2026 the best value apartment in the ACT area is the $1.07 price per square foot 3BR/2.0BA Model at Sunset Tower in the in the ACT neighborhood starting from $1,600. The second greatest value ACT apartment is the 2 BD Furnished Apartment in Downtown Evansville Model at The Harrison starting at $2,000 with a $1.54 price per square foot in the Howell neighborhood. Here is today’s list of the best values for ACT apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Tower3BR/2.0BA3BR,2BA$1.07
The Harrison2 BD Furnished Apartment in Downtown Evansville2BR,1BA$1.54
WedgewoodTwo Bedroom2BR,1.5BA$0.63
Ross Center Village2BR/1.0BA2BR,1BA$0.78
City Pointe2 Bedroom 1 Bath2BR,1BA$1.33
The Manning2 Bedroom 1 Bathroom2BR,1BA$1.44
Coldwater Flats LLCThe Stream2BR,1BA$1.25
Central LoftsD2BR,1BA$1.48
Northbend Townhomes1 Bedroom Flat1BR,1BA$1.36
Embassy Apartments1.11BR,1BA$1.27

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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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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Best Local Schools in
Act, Evansville, IN

School data provided by Great Schools

Frequently Asked Questions about Cheap ACT Apartments

What is the price of a cheap apartment in ACT?

The cheapest apartment in ACT is Embassy Apartments which is listed at $697, while the average apartment in ACT costs $1,449.

What types of apartments are the cheapest in ACT?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 8 regular apartments in ACT that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in ACT?

Cheap apartments in ACT have an average cost of $107 which is $1,342 cheaper than the average rent for all rentals in ACT.

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.

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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.