Cheap Homes for Rent in East Evansville Neighborhood of Evansville, IN from $500 (42 Rentals)

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Search the lowest-cost Homes 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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property at 1330 SE 2nd St

$895 - $1,195

1 To 2 Bedroom Rentals

Available Now

1330 SE 2nd St

EvansvilleIN47713

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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property at 1313 East Walnut

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Total Monthly Price
$1,100

3 Bedroom, 2 Bath Home for Rent

Available Now

1313 East Walnut

EvansvilleIN47714
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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
Embassy Apartments0.1Studio,1BA$685
Heathmoore - Evansville1 Bed 1 Bath1BR,1BA$700
The Timbers ApartmentsThe Oak 1 BR 1 BA1BR,1BA$772
The Rathbone Apartments1bed, 1 bath1BR,1BA$795
TERRA TRACEThe Dogwood1BR,1BA$799
The Manning1 Bedroom 1 Bathroom1BR,1BA$799
Bradford Pointe ApartmentsINBFP 2x1 675sqft - Classic2BR,1BA$805
Devonshire Gardens I & IIII 1 Bed 1 Bath C1BR,1BA$825

Best Value Apartments for Rent in East Evansville, IN

As of April 13, 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
Apartments@412BR/2.0BA2BR,2BA$1.16
Ross Center Village2BR/1.0BA2BR,1BA$0.85
Hornbrook Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Indian WoodsThe Oak2BR,1BA$1.05
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

Frequently Asked Questions about East Evansville

What type of rentals are currently available in East Evansville?

There are currently 257 Apartments for Rent in East Evansville, IN with pricing that ranges from $500 to $4,449. There are also 76 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Evansville ranging from $595 to $6,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in East Evansville ranges from $595 to $6,500 with an average monthly rent of $1,928.

How much are larger Three and Four Bedroom Rentals in East Evansville?

For those who are looking for larger living arrangements, Three Bedroom Apartments in East Evansville range from $1,170 to $2,700, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $1,325.

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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.