Cheap Apartments for Rent in the East Evansville Neighborhood of Evansville, IN from $400 (121 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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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property at 1509 E Illinois St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

1509 E Illinois St

EvansvilleIN47711

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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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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East Evansville, Evansville, IN Local Guide

Cheapest Available East Evansville Apartments for Rent

 

The cheapest available apartment rental in the East Evansville area of Evansville, IN is a 1 Bed unit found at SPRING VALLEY FLATS priced from $599. Sontra Evansville Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $630. Here are the most affordable East Evansville apartments for rent in Evansville, IN:

Apartment ListingModel NameBed/BathPriced From
SPRING VALLEY FLATSThe Redbud1BR,1BA$599
Sontra Evansville Apartments0BR/1.0BAStudio,1BA$630
Crescent Court Apartments1BR/1.0BA1BR,1BA$675
Embassy Apartments0.1Studio,1BA$685
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$775
The Rathbone Apartments1bed, 1 bath1BR,1BA$795
TERRA TRACEThe Dogwood1BR,1BA$799
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$805
Northbend TownhomesPrincess1BR,1BA$840

Best Value Apartments for Rent in East Evansville, IN

As of April 10, 2026 the best value apartment in the East Evansville area is the $1.00 price per square foot 12 Park Pl Model at 12 Park Pl, Unit A in the in the Howell neighborhood starting from $1,700. The second greatest value East Evansville apartment is the 1327 Parrett St Model at 1327 Parrett St, Unit A starting at $1,325 with a $1.02 price per square foot in the Lincoln-Bellemeade neighborhood. Here is today’s list of the best values for East Evansville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
12 Park Pl, Unit A12 Park Pl2BR,2BA$1.00
1327 Parrett St, Unit A1327 Parrett St2BR,2BA$1.02
Ross Center Village2BR/1.0BA2BR,1BA$0.85
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Indian WoodsThe Oak2BR,1BA$1.05
Devonshire Gardens I & IIII 2 Bed 1 Bath2BR,1BA$1.04
Colonial Manor Apartments2x1 R2BR,1BA$1.15
Princeton Court2 Bed 1 Bath2BR,1BA$1.04
Addison PlaceSt Charles2BR,1BA$1.06
Abbey Court ApartmentsCambridge1BR,1BA$1.13

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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.

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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.

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Pet Friendly Lifestyle
East Evansville, Evansville, IN

Ranked #2

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
East Evansville, Evansville, IN

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Indiana and customized analysis for Central Evansville. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap East Evansville Apartments

What is a cheap apartment in East Evansville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East Evansville is under $840.

What is the price of a cheap apartment in East Evansville?

The cheapest apartment in East Evansville is SPRING VALLEY FLATS which is listed at $599, while the average apartment in East Evansville costs $1,562.

What types of apartments are the cheapest in East 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 East 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 East Evansville?

Cheap apartments in East Evansville have an average cost of $453 which is $1,109 cheaper than the average rent for all rentals in East 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 What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.

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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.