Cheap Apartments for Rent in Evansville, IN from $300 (74 Rentals)

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

property at 101 SE 2nd St

101 SE 2nd St

EvansvilleIN47708
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Dalehaven Estates
2 to 4 Bedroom Apartments

Dalehaven Estates

3700 Justus CtEvansville, IN 47714
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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
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OrchardGate
1 to 2 Bedroom Apartments

OrchardGate

401 Applewood CtEvansville, IN 47712
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None
1 Bedroom Apartments

None

3901 Bellemeade AveEvansville, IN 47714
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Westbriar Apartments
1 Bedroom Apartments

Westbriar Apartments

2300 W Iowa StEvansville, IN 47712
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Normandy Arms
1 to 2 Bedroom Apartments

Normandy Arms

600 Normandy DrEvansville, IN 47715
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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: 07/30/2025

Current apartment rentals in the Evansville, IN area range in price from $538 to $4,399 with an overall median price of $1,519. The three Evansville neighborhoods with the lowest median rent pricing are Garvinwood at $550, Lorraine Park at $538, and Presidents 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
Garvinwood$1,097$55049
Lorraine Park$1,140$53852
Presidents$1,159$55037
University South$1,159$55038
Gum Bayard Park Chandler$1,187$53856
Rosedale South$1,195$55045
Willemette$1,195$55037
Spring Park$1,215$53849
Dexter$1,235$53853
Eastview$1,235$53848

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 $680. Anchor Court Apartments in the Howell neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$680
Anchor Court Apartments1BR/1.0BA1BR,1BA$690
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Princeton Court1 Bed 1 Bath1BR,1BA$700
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Addison PlaceWindsor1BR,1BA$720
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$800
The Forge on MainStudio AStudio,1BA$800
Abbey Court ApartmentsLiverpool1BR,1BA$860

Best Value Apartments for Rent in Evansville, IN

As of July 30, 2025 the best value apartment in the Evansville area is the $1.13 price per square foot 3BR/2.0BA Model at Sunset Tower in the in the ACT neighborhood starting from $1,700. The second greatest value Evansville apartment is the 2BR/2.0BA Model at Apartments@41 starting at $1,400 with a $1.15 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 Tower3BR/2.0BA3BR,2BA$1.13
Apartments@412BR/2.0BA2BR,2BA$1.15
Eagle Village4BR/2BA - Furnished4BR,2BA$0.50
Indian WoodsThe Maple2BR,2BA$1.18
North ParkBerkshire2BR,1.5BA$1.12
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Mission Viejo VillasB- Barcelona1BR,1BA$1.13
Abbey Court ApartmentsLiverpool1BR,1BA$1.06
Village GreenCedar Premium1BR,1BA$1.15
Addison PlaceWindsor1BR,1BA$1.09

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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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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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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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Frequently Asked Questions about Cheap Evansville Apartments

What is a cheap apartment in Evansville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Evansville is under $860.

What is the price of a cheap apartment in Evansville?

The cheapest apartment in Evansville is Fairway Plaza which is listed at $615, while the average apartment in Evansville costs $1,519.

What types of apartments are the cheapest in Evansville?

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 253 regular apartments in Evansville 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 Evansville?

Cheap apartments in Evansville have an average cost of $252 which is $1,267 cheaper than the average rent for all rentals in Evansville.

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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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.