Cheap Homes for Rent in Evansville, IN from $400 (18 Rentals)

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

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property at 1330 SE 2nd St

1330 SE 2nd St

EvansvilleIN47713

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Evansville, IN Local Guide

Cheapest Neighborhoods for Apartments in Evansville, IN

Pricing Updated: 06/09/2025

Current apartment rentals in the Evansville, IN area range in price from $400 to $3,500 with an overall median price of $1,770. The three Evansville neighborhoods with the lowest median rent pricing are Evansville West Side at $1,000, Hilltop at $625, and Garvinwood at $400. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Evansville Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Evansville West Side$1,000$1,0001
Hilltop$1,000$6253
Garvinwood$1,250$40035
Gum Bayard Park Chandler$1,272$40033
Lincoln-Bellemeade$1,272$40039
Lincoln Park$1,272$40036
Presidents$1,272$40034
Rosedale South$1,272$40037
University South$1,272$40037
ACT$1,295$65028

Cheapest Available Evansville Apartments for Rent

 

The cheapest available apartment rental in Evansville, IN is a Studio unit found at Embassy Apartments in the Lincoln-Bellemeade neighborhood priced from $645. SPRING VALLEY FLATS in the Lincoln-Bellemeade neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here is today’s list of the most affordable Evansville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Embassy Apartments0.1Studio,1BA$645
SPRING VALLEY FLATSThe Redbud1BR,1BA$695
Devonshire Gardens I & IIII 1 Bed 1 Bath A1BR,1BA$700
Foxfire West Apartments1 Bedroom 1 Bath Fireplace1BR,1BA$775
Addison PlaceWindsor1BR,1BA$799

Best Value Apartments for Rent in Evansville, IN

As of June 09, 2025 the best value apartment in the Evansville area is the $1.03 price per square foot 2BR/2.0BA Model at Apartments@41 in the in the Jacobsville neighborhood starting from $1,250. The second greatest value Evansville apartment is the 4BR/2BA - Furnished Model at Eagle Village starting at $600 with a $0.50 price per square foot in the Hilltop neighborhood. Here is today’s list of the best values for Evansville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Apartments@412BR/2.0BA2BR,2BA$1.03
Eagle Village4BR/2BA - Furnished4BR,2BA$0.50
The Forge on MainTwo Bedroom A2BR,2BA$0.77
Sunset Tower2BR/2.0BA2BR,2BA$1.05
Indian WoodsThe Oak2BR,1BA$1.05
North ParkBerkshire2BR,1.5BA$1.05
Abbey Court ApartmentsNottingham2BR,1BA$1.02
Heathmoore - Evansville2 Bed 1 Bath2BR,1BA$0.99
Naveen Pine ApartmentsCozy Two Bedroom Apartment Home2BR,1BA$1.12
Mission Viejo VillasB- Barcelona1BR,1BA$1.13

Quick Rent Budget Calculator

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Frequently Asked Questions about Evansville

What type of rentals are currently available in Evansville?

There are currently 313 Apartments for Rent in Evansville, IN with pricing that ranges from $531 to $4,399. There are also 96 Single Family Homes for rent, Condos, and Townhome rentals currently available in Evansville ranging from $400 to $3,500.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Evansville ranges from $400 to $3,500 with an average monthly rent of $1,381.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Evansville range from $728 to $2,470, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,000 and Four Bedroom Apartments start at $580.

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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The Art of the Rental Viewing: What to look for during a property tour

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

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