
Cheap Apartments for Rent in the Downtown Evansville Neighborhood of Evansville, IN from $400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Evansville area of Evansville.


1123 Brookside Dr

202 E Missouri St

Anchor Court Apartments

616 W Tennessee St

918 W Louisiana St
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.

610 Taylor Ave

701 Jackson Ave

Bradford Pointe Apartments

509 SE 1st St

Market Street Apartments

920 W Columbia St
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.

925 Stanley Ave

Central Lofts

1227-1229 Avenue

Colonial Manor Apartments

City Pointe

1430 Parrett St
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.

Westbriar Apartments

1900 N Willow Rd

Richardt Apartments

The Grove

Donaldson Arms

Wedgewood
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.

The Rathbone Apartments
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 | $1,828 | $865 | $2,340 |
| Downtown Evansville 1 Bedroom Apartments | $1,322 | $500 | $3,410 |
| Downtown Evansville 2 Bedroom Apartments | $1,363 | $775 | $2,695 |
| Downtown Evansville 3 Bedroom Apartments | $1,298 | $995 | $1,474 |
Browse Apartments in this Neighborhood
There are currently 25 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
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Cheapest Available Downtown Evansville Apartments for Rent
 The cheapest available apartment rental in the Downtown Evansville area of Evansville, IN is a 1 Bed unit found at Anchor Court Apartments priced from $625. Bradford Pointe Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $805. Here are the most affordable Downtown Evansville apartments for rent in Evansville, IN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Anchor Court Apartments | 1BR/1.0BA | 1BR,1BA | $625 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Classic | 2BR,1BA | $805 |
| Central Lofts | JJ | 2BR,1BA | $925 |
| City Pointe | 1 Bedroom 1 Bath | 1BR,1BA | $999 |
| The Forge on Main | Studio A | Studio,1BA | $1,071 |
Best Value Apartments for Rent in Downtown Evansville, IN
As of March 13, 2026 the best value apartment in the Downtown Evansville area is the $0.62 price per square foot 506 Washington Ave Model at 506 Washington Ave, Unit A in the in the Lincoln-Bellemeade neighborhood starting from $1,425. The second greatest value Downtown Evansville apartment is the 3BR/2.0BA Model at Sunset Tower starting at $1,550 with a $1.00 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. |
|---|---|---|---|
| 506 Washington Ave, Unit A | 506 Washington Ave | 3BR,2BA | $0.62 |
| Sunset Tower | 3BR/2.0BA | 3BR,2BA | $1.00 |
| 1327 Parrett St, Unit A | 1327 Parrett St | 2BR,2BA | $1.02 |
| Post House | Parcel | 2BR,2BA | $2.21 |
| Washington Court | 1 Bedroom, 1 Bathroom | 1BR,1BA | $1.45 |
| City Pointe | 2 Bedroom 1 Bath | 2BR,1BA | $1.30 |
| Central Lofts | D | 2BR,1BA | $1.48 |
| Bradford Pointe Apartments | INBFP 2x1 675sqft - Deluxe | 2BR,1BA | $1.34 |
| The Forge on Main | Studio A | Studio ,1BA | $1.88 |
| Anchor Court Apartments | 1BR/1.0BA | 1BR,1BA | $1.34 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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.
Pet Friendly LifestyleDowntown Evansville, Evansville, IN
Ranked #54
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
Benjamin Bosse High School
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 Anchor Court Apartments which is listed at $625, while the average apartment in Downtown Evansville costs $1,995.
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 6 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 $136 which is $1,859 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.

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.