Cheap Apartments for Rent in Evansville, IN from $300 (77 Rentals)

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

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.

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property at 2024 Lincoln Ave

2024 Lincoln Ave

EvansvilleIN47714

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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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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property at 101 SE 2nd St

101 SE 2nd St

EvansvilleIN47708

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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Dalehaven Estates
1 to 4 Bedroom Apartments

Dalehaven Estates

3700 Justus CtEvansville, IN 47714
  • Utilities Included
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1430 Parrett St
1 to 2 Bedroom Apartments

1430 Parrett St

1430 Parrett StEvansville, IN 47713

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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Boeke Place
1 Bedroom Apartments

Boeke Place

1401 S Boeke RdEvansville, IN 47714
  • Utilities Included
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OrchardGate
1 to 2 Bedroom Apartments

OrchardGate

401 Applewood CtEvansville, IN 47712
  • Utilities Included
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Evansville, IN Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 09/14/2025

Current apartment rentals in the Evansville, IN area range in price from $550 to $3,500 with an overall median price of $1,506. The three Evansville neighborhoods with the lowest median rent pricing are Mt Auburn at $550, STAR at $550, and Diamond Stringtown at $550. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mt Auburn$1,095$5508
STAR$1,095$5504
Diamond Stringtown$1,110$55013
Jacobsville$1,125$5505
North Country Club$1,125$1,1251
Ballard$1,195$55035
Bellemeade Bayard Park$1,195$55034
Blackfordss Grove$1,195$55032
Business 41$1,195$55023
CCIA$1,195$55033

Cheapest Available Evansville Apartments for Rent

 

The cheapest available apartment rental in Evansville, IN is a Studio unit found at Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $635. SPRING VALLEY FLATS in the Oakhill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$635
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$700
Princeton Court1 Bed 1 Bath1BR,1BA$710
Addison PlaceWindsor1BR,1BA$750
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Lakewood Flats1 Bedroom Deluxe1BR,1BA$785
The Forge on MainStudio AStudio,1BA$800

Best Value Apartments for Rent in Evansville, IN

As of September 15, 2025 the best value apartment in the Evansville area is the $1.04 price per square foot 2BR/2.0BA Model at Sunset Tower in the in the ACT neighborhood starting from $1,295. The second greatest value Evansville apartment is the 2BR/2.0BA Model at Apartments@41 starting at $1,295 with a $1.06 price per square foot in the Business 41 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.
Sunset Tower2BR/2.0BA2BR,2BA$1.04
Apartments@412BR/2.0BA2BR,2BA$1.06
Eagle Village4BR/2BA - Furnished4BR,2BA$0.50
403 S Lincoln Park Dr, Unit 403403 S Lincoln Park Dr2BR,1BA$1.08
The Rathbone Apartments2 Bedroom Unfurnished2BR,1BA$1.07
North ParkBerkshire2BR,1.5BA$1.12
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Lakewood Flats1 Bedroom Deluxe1BR,1BA$0.99
2453 W Franklin St, Unit B2453 W Franklin St1BR,1BA$1.01
Abbey Court ApartmentsCambridge1BR,1BA$1.12

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Evansville Overview

Evansville, Indiana is one of the most unique and culturally diverse cities on the map. Located along the Ohio River, this port town is a commercial and cultural hub, serving neighboring states for over 80 years. Boasting a population of just under 120,000 people, Evansville has everything a large city could offer, without losing that small town feel. Plenty of options in affordable Evansville apartments available to locals makes this a popular midwest destination.

Why live in Evansville, IN?

Whether you’re in the mood for jazz, rock, hip-hop, or news/talk, there is always something on the airwaves to please your ears. Courier & Press, part of the USA Today network, is the official newspaper and is always there to serve your local and national news needs.

Evansville, IN
Population: 117,963

Ranked #242

in US Census Population by City

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Best Local Schools in
Evansville, IN

School data provided by Great Schools

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

Explore Evansville, IN Rentals by Map

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See the most popular apartments and homes in Evansville, IN

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Getting Around Evansville, IN

Walk Score®

43 / 100

Car-Dependent

Most errands require a car

Bike Score®

42 / 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.

Evansville, IN Area Reviews

  • Parks
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  • Local Vibes
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  • Location
  • Traffic
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  • Outdoor Access
  • Cost of Living
  • Safety

Frequently Asked Questions about Cheap Evansville Apartments

What is the Cheapest Studio apartment in Evansville?

Currently the most affordable Cheap Studio Apartment in Evansville is at Embassy Apartments listed at $635.

How much is rent for a Cheap One Bedroom Evansville Apartment?

The lowest price for a Cheap One Bedroom Evansville Apartment is $695 at SPRING VALLEY FLATS.

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 $840 at Heathmoore - Evansville.

What is the most affordable Evansville Three Bedroom Apartment?

The best deal on a cheap Evansville Three Bedroom Apartment rental is at Mission Viejo Villas and starts from $1,310.

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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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.