Cheap Apartments for Rent in the Downtown Evansville Neighborhood of Evansville, IN from $400 (23 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 416 Lodge Ave

$650 - $675

1 Bedroom Rentals

Available Now

416 Lodge Ave

EvansvilleIN47714

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.

Read Article

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.

Read Article
close
View Me
1430 Parrett St
1 to 2 Bedroom Apartments

1430 Parrett St

1430 Parrett StEvansville, IN 47713
close
View Me
Westbriar Apartments
1 Bedroom Apartments

Westbriar Apartments

2300 W Iowa StEvansville, IN 47712
  • Utilities Included
close
View Me
1900 N Willow Rd
1 to 3 Bedroom Apartments

1900 N Willow Rd

1900 N Willow RdEvansville, IN 47711
close
View Me
The Grove
1 to 2 Bedroom Apartments

The Grove

1105 SE First StEvansville, IN 47713
  • Utilities Included

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.

Read Article
close
View Me
Anchor Court Apartments
1 Bedroom Apartments

Anchor Court Apartments

2025 W Columbia StEvansville, IN 47712
Senior Living
  • Utilities Included
close
View Me
Donaldson Arms
1 to 2 Bedroom Apartments

Donaldson Arms

1407 Howard StEvansville, IN 47713
  • Utilities Included
Showing Results 1-23, Page 1 of 1

Downtown Evansville, Evansville, IN Local Guide

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 The Forge on Main priced from $800. 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 ListingModel NameBed/BathPriced From
The Forge on MainStudio AStudio,1BA$800
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$805
WedgewoodTwo Bedroom2BR,1BA$815
Market Street ApartmentsStudio Apartment Home in Historic BuildingStudio,1BA$865
Central LoftsJJ2BR,1BA$925

Best Value Apartments for Rent in Downtown Evansville, IN

As of January 19, 2026 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 $815 with a $0.68 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Tower3BR/2.0BA3BR,2BA$1.03
WedgewoodTwo Bedroom2BR,1.5BA$0.68
City Pointe2 Bedroom 1 Bath2BR,1BA$1.30
Post HouseLedger1BR,1BA$2.03
Washington Court2 Bedrooms, 1 Bathroom2BR,1BA$1.92
Central LoftsD2BR,1BA$1.48
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$1.19
The Forge on MainStudio AStudio ,1BA$1.40
2200 Haven Dr, Unit B2200 Haven Dr1BR,1BA$1.70
Market Street ApartmentsStudio Apartment Home in Historic BuildingStudio ,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.

Read Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Evansville, Evansville, IN

Ranked #37

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

Best Local Schools in
Downtown Evansville, Evansville, IN

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 $109 which is $1,790 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

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

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!