313 E Franklin St
EvansvilleIN47711
Cheap Apartments for Rent in the Downtown Evansville Neighborhood of Evansville, IN from $400 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Evansville area of Evansville.
844 Washington Ave
EvansvilleIN47713
307 SE 2nd St
EvansvilleIN47713
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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from $800Studio to 2 Bedroom Apartments Available Now
The Forge on Main
200 N Main StEvansville, IN 47711
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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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Downtown Evansville, Evansville, IN Local Guide
Independence Historic District in Evansville by Nyttend is licensed under Internal
How much does it cost to rent an apartment in Downtown Evansville?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Evansville Studio Apartments | $1,642 | $800 | $1,909 |
| Downtown Evansville 1 Bedroom Apartments | $1,448 | $725 | $2,179 |
| Downtown Evansville 2 Bedroom Apartments | $1,325 | $750 | $2,500 |
| Downtown Evansville 3 Bedroom Apartments | $1,342 | $1,100 | $1,500 |
Browse Apartments in this Neighborhood
There are currently 12 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
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- Local Counties
- School Districts
Cheapest Available Downtown Evansville Apartments for Rent
The cheapest available apartment rental in the Downtown Evansville area of Evansville, IN is a Studio unit found at Market Street Apartments priced from $865. The Forge on Main has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here are the most affordable Downtown Evansville apartments for rent in Evansville, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Market Street Apartments | Studio Apartment Home in Historic Building | Studio,1BA | $865 |
| The Forge on Main | Two Bedroom A | 2BR,2BA | $900 |
| Colonial Manor Apartments | 2x1 R | 2BR,1BA | $907 |
| Liv at Locust Creek | Dresden | 2BR,1BA | $959 |
| Central Lofts | OO | 2BR,1BA | $1,092 |
Best Value Apartments for Rent in Downtown Evansville, IN
As of May 28, 2025 the best value apartment in the Downtown Evansville area is the $0.77 price per square foot Two Bedroom A Model at The Forge on Main in the in the Lincoln-Bellemeade neighborhood starting from $900. The second greatest value Downtown Evansville apartment is the 2BR/2.0BA Model at Sunset Tower starting at $1,200 with a $1.14 price per square foot in the ACT 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. |
|---|---|---|---|
| The Forge on Main | Two Bedroom A | 2BR,2BA | $0.77 |
| Sunset Tower | 2BR/2.0BA | 2BR,2BA | $1.14 |
| Apartments@41 | 2BR/1.0BA | 2BR,1BA | $1.10 |
| Liv at Locust Creek | Vienna | 2BR,2BA | $1.24 |
| City Pointe | 2 Bedroom 1 Bath | 2BR,1BA | $1.30 |
| 2316 W Franklin St, Unit B | 2316 W Franklin St | 2BR,1BA | $1.56 |
| Colonial Manor Apartments | 2x1 R | 2BR,1BA | $1.05 |
| Post House | Downtown Loft 1.1A | 1BR,1BA | $2.55 |
| Central Lofts | FF | 2BR,1BA | $1.50 |
| Market Street Apartments | Studio Apartment Home in Historic Building | Studio ,1BA | $2.16 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Evansville, Evansville, IN
Ranked #37
Among neighborhoods in Evansville, IN for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet 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
Getting Around the Downtown Evansville Neighborhood in Evansville, IN
Walk Score®
63 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
55 / 100
Bikeable
Some 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.
Frequently Asked Questions about Cheap Downtown Evansville Apartments
What is a cheap apartment in Downtown Evansville?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Evansville is under $1,495.
What is the price of a cheap apartment in Downtown Evansville?
The cheapest apartment in Downtown Evansville is Market Street Apartments which is listed at $995, 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 15 regular apartments in Downtown Evansville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.