Cheap Apartments for Rent in Evansville, IN from $400 (91 Rentals)

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

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Valoré at Hidden Hills
Rent Specials
$650 - $899
Total Monthly Price

Total Monthly Price

Base Rent
$632 - $881
Required Monthly Fees
$18
Total Monthly Price
$650 - $899
1 to 2 Bedroom Apartments Available Now

Valoré at Hidden Hills

6907 Sweet Gum CtEvansville, IN 47710
Affordability
  • Verified
  • 3D Tour

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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Heathmoore - Evansville
$700 - $1,190
Total Monthly Price

Total Monthly Price

Base Rent
$683 - $1,173
Required Monthly Fees
$17
Total Monthly Price
$700 - $1,190
Studio to 2 Bedroom Apartments Available Now

Heathmoore - Evansville

2413 S Green River RdEvansville, IN 47715
Affordability
  • Verified
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Princeton Court
$710 - $1,125
Total Monthly Price

Total Monthly Price

Base Rent
$693 - $1,108
Required Monthly Fees
$17
Total Monthly Price
$710 - $1,125
Studio to 2 Bedroom Apartments Available Now

Princeton Court

103 Princeton CtEvansville, IN 47715
Affordability
  • Verified
  • Customer Reviewed

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 Forge on Main
Rent Specials
$800 - $1,911
Total Monthly Price

Total Monthly Price

Base Rent
$735 - $1,846
Required Monthly Fees
$65
Total Monthly Price
$800 - $1,911
Studio to 2 Bedroom Apartments Available Now

The Forge on Main

200 N Main StEvansville, IN 47711
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Bradford Pointe Apartments
Rent Specials
$805 - $905
Total Monthly Price

Total Monthly Price

Base Rent
$690 - $790
Required Monthly Fees
$115
Total Monthly Price
$805 - $905
2 Bedroom Apartments Available Now

Bradford Pointe Apartments

1680-1682 E Franklin StEvansville, IN 47711
Affordability
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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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Market Street Apartments
$865 - $1,395
Total Monthly Price

Total Monthly Price

Base Rent
$735 - $1,265
Required Monthly Fees
$130
Total Monthly Price
$865 - $1,395
Studio to 2 Bedroom Apartments Available Now

Market Street Apartments

301 NW 3rd StEvansville, IN 47708
Affordability
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  • Customer Reviewed
  • 3D Tour

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Leisure Living Lakeside
$950 - $1,300
Total Monthly Price

Total Monthly Price

Base Rent
$899 - $1,249
Required Monthly Fees
$51
Total Monthly Price
$950 - $1,300
1 to 2 Bedroom Apartments Available Now

Leisure Living Lakeside

1214 Lavender CtEvansville, IN 47712
Senior Living
  • Verified
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Evansville, IN Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 01/29/2026

Current apartment rentals in the Evansville, IN area range in price from $550 to $4,449 with an overall median price of $1,606. The three Evansville neighborhoods with the lowest median rent pricing are Diamond Stringtown at $550, Willemette at $599, and Eastview at $555. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Diamond Stringtown$1,249$55047
Willemette$1,270$59946
Eastview$1,325$55565
Garvinwood$1,325$55078
Gum Bayard Park Chandler$1,325$55576
Kathleen Jeannette$1,325$55562
Lorraine Park$1,325$55566
Ross Center$1,325$55569
Spring Park$1,325$55580
Lincoln Park$1,359$55568

Cheapest Available Evansville Apartments for Rent

 

The cheapest available apartment rental in Evansville, IN is a 1 Bed unit found at Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $555. SPRING VALLEY FLATS in the Oakhill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $599. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments1.11BR,1BA$555
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Fairway Plaza1 Bedroom1BR,1BA$640
Valoré at Hidden HillsThe Dogwood - One Bedroom Apartment Home1BR,1BA$650
Lakewood Flats and Townhomes2 small wd2BR,1BA$670
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
Princeton Court1 Bed 1 Bath1BR,1BA$710
Shady Tree ApartmentsThe Elm1BR,1BA$745
TERRA TRACEThe Dogwood1BR,1BA$749
North ParkMcCallister1BR,1BA$775

Best Value Apartments for Rent in Evansville, IN

As of January 30, 2026 the best value apartment in the Evansville area is the $1.03 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 Evansville apartment is the 3BR/2.0BA Model at Apartments@41 starting at $1,450 with a $1.19 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$1.03
Apartments@413BR/2.0BA3BR,2BA$1.19
WedgewoodTwo Bedroom2BR,1.5BA$0.71
Eagle Village - Historical Access4BR/2BA - Furnished4BR,2BA$0.47
Devonshire Gardens I & II2 Bed 2 Bath A2BR,2BA$1.01
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.17
North ParkBerkshire2BR,1.5BA$1.05
Abbey Court ApartmentsLondon2BR,1BA$1.13
Mission Viejo VillasB- Barcelona1BR,1BA$1.16
Fairway Plaza1 Bedroom1BR,1BA$0.91

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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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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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.

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Evansville, IN

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

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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 $775.

What is the price of a cheap apartment in Evansville?

The cheapest apartment in Evansville is Embassy Apartments which is listed at $555, while the average apartment in Evansville costs $1,606.

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 314 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 $522 which is $1,084 cheaper than the average rent for all rentals in Evansville.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.