Cheap Homes for Rent in Downtown Evansville Neighborhood of Evansville, IN from $500 (14 Rentals)

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

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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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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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. Market Street Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $865. 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
Market Street ApartmentsStudio Apartment Home in Historic BuildingStudio,1BA$865
Central LoftsJJ2BR,1BA$925
Colonial Manor Apartments2x1 R2BR,1BA$945
The Rathbone Apartments2 Bedroom Unfurnished2BR,1BA$1,050

Best Value Apartments for Rent in Downtown Evansville, IN

As of November 07, 2025 the best value apartment in the Downtown Evansville area is the $1.43 price per square foot 2 Bedrooms, 2 Bathrooms Model at Nabisco Building in the in the STAR neighborhood starting from $1,989. The second greatest value Downtown Evansville apartment is the 413 Locust St Model at 413 Locust St, Unit B starting at $1,500 with a $1.36 price per square foot in the Howell 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.
Nabisco Building2 Bedrooms, 2 Bathrooms2BR,2BA$1.43
413 Locust St, Unit B413 Locust St1BR,1BA$1.36
Sunset Tower2BR/2.0BA2BR,2BA$1.29
The Rathbone Apartments2 Bedroom Unfurnished2BR,1BA$1.07
Washington Court1 Bedroom, 1 Bathroom1BR,1BA$1.45
City Pointe2 Bedroom 1 Bath2BR,1BA$1.30
Colonial Manor Apartments2x1 R2BR,1BA$1.09
Central LoftsD2BR,1BA$1.48
The Forge on MainStudio AStudio ,1BA$1.40
2200 Haven Dr, Unit A2200 Haven Dr1BR,1BA$1.70

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Evansville, Evansville, IN

Ranked #32

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Downtown Evansville, Evansville, IN

School data provided by Great Schools

Frequently Asked Questions about Downtown Evansville

What type of rentals are currently available in Downtown Evansville?

There are currently 191 Apartments for Rent in Downtown Evansville, IN with pricing that ranges from $565 to $3,240. There are also 48 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Evansville ranging from $595 to $1,850.

What is the current price range for Rental Homes in Downtown Evansville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Evansville ranges from $595 to $1,850 with an average monthly rent of $1,023.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.