706 Court St
EvansvilleIN47708
Cheap Apartments for Rent in the Downtown Evansville Neighborhood of Evansville, IN from $400 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Evansville area of Evansville.
514 N Elsas Ave
EvansvilleIN47711
2017 W Columbia St
EvansvilleIN47712
500 E Franklin St
EvansvilleIN47711
1034 N 3rd Ave
EvansvilleIN47710
932 Negley Ave
EvansvilleIN47711
210 N First Ave
EvansvilleIN47710
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.
920 Lincoln Ave
EvansvilleIN47713
610 Taylor Ave
EvansvilleIN47713
918 W Louisiana St
EvansvilleIN47710
518 E Illinois St
EvansvilleIN47711
101 SE 2nd St
EvansvilleIN47708
701 703-703 E Oregon St
EvansvilleIN47711
28 E Powell Ave
EvansvilleIN47713
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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Rent Specials
$800 - $1,911Studio to 2 Bedroom Apartments Available Now
The Forge on Main
200 N Main StEvansville, IN 47711
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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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Showing Results 1-23, Page 1 of 1
Downtown Evansville, Evansville, IN Local Guide
How much does it cost to rent an apartment in Downtown Evansville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Evansville Studio Apartments | $1,684 | $800 | $1,999 |
| Downtown Evansville 1 Bedroom Apartments | $1,228 | $575 | $3,240 |
| Downtown Evansville 2 Bedroom Apartments | $1,314 | $750 | $2,564 |
| Downtown Evansville 3 Bedroom Apartments | $1,260 | $1,000 | $1,495 |
Browse Apartments in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Downtown Evansville Neighborhood of Evansville, IN.
See all Apartments in EvansvilleExplore Evansville
Downtown Evansville, Evansville, IN Local Guide
- Nearby Evansville neighborhoods
- Nearby Cities
- ZIP codes
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- School Districts
Cheapest Available Downtown Evansville Apartments for Rent
The cheapest available apartment rental in the Downtown Evansville area of Evansville, IN is a 2 Beds unit found at Wedgewood priced from $715. The Forge on Main has the second lowest priced unit, which is a Studio apartment currently listed from $800. Here are the most affordable Downtown Evansville apartments for rent in Evansville, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Wedgewood | Two Bedroom | 2BR,1BA | $715 |
| The Forge on Main | Studio A | Studio,1BA | $800 |
| Market Street Apartments | Studio Apartment Home in Historic Building | Studio,1BA | $865 |
| Bradford Pointe Apartments | Classic Two Bedroom Apartment Home | 2BR,1BA | $905 |
| Central Lofts | JJ | 2BR,1BA | $925 |
Best Value Apartments for Rent in Downtown Evansville, IN
As of December 24, 2025 the best value apartment in the Downtown 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 Downtown Evansville apartment is the Two Bedroom Model at Wedgewood starting at $715 with a $0.60 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for Downtown Evansville apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Tower | 3BR/2.0BA | 3BR,2BA | $1.03 |
| Wedgewood | Two Bedroom | 2BR,1.5BA | $0.60 |
| City Pointe | 2 Bedroom 1 Bath | 2BR,1BA | $1.30 |
| Post House | Ledger | 1BR,1BA | $2.03 |
| Central Lofts | D | 2BR,1BA | $1.48 |
| Bradford Pointe Apartments | Classic Two Bedroom Apartment Home | 2BR,1BA | $1.34 |
| The Forge on Main | Studio A | Studio ,1BA | $1.40 |
| Market Street Apartments | Studio Apartment Home in Historic Building | Studio ,1BA | $2.16 |
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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
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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Pet Friendly LifestyleDowntown Evansville, Evansville, IN
Ranked #47
Among cities in Indiana for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Downtown Evansville, Evansville, IN
Delaware Elementary School
Evansville Vanderburgh Sch Corp
Public School - Grades K-6 (338)
5 out of 10
Benjamin Bosse High School
Evansville Vanderburgh Sch Corp
Public School - Grades PK-12 (833)
2 out of 10
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Evansville Apartments
What is the price of a cheap apartment in Downtown Evansville?
The cheapest apartment in Downtown Evansville is The Forge on Main which is listed at $832, while the average apartment in Downtown Evansville costs $1,899.
What types of apartments are the cheapest in Downtown 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 4 regular apartments in Downtown 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 Downtown Evansville?
Cheap apartments in Downtown Evansville have an average cost of $128 which is $1,771 cheaper than the average rent for all rentals in Downtown 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
How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!